Quantitative Analytics Specialist 3

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Job description

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Internal Audit is a provider of independent, objective assurance services delivered through a highly competent and diverse team. As a business partner, Audit helps the company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Wells Fargo Internal Audit has a challenging opportunity on the highly-visible Quantitative Model Risk Audit Team within Corporate Risk and Capital Market (CRCM). We are looking for an individual with quantitative education and experience to provide audit coverage of analytical models used at the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach with the team.

This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as market risk, trading products, counterparty risk, and wealth & investment management. The individual will play an instrumental role in the audit of the models used to meet the regulatory requirements of Basel, CCAR, and the Market Risk Rule.

Responsibilities for this role include, but are not limited, to the following:

• Providing leadership and credibility in the challenge of modeling practices in the company, including performing replication analyses with data mining and coding.
• Planning, executing, and leading technical audit reviews of models, modeling and validation areas, and model risk governance processes.
• Providing expert guidance and support on technical model questions, model risk policy, regulatory requirements, and best industry practices to Wells Fargo Internal Audit staff, senior management, and business partners.
• Producing quality deliverables suitable for senior management and external distribution.
• Communicating testing findings and conclusions verbally and in writing to key stakeholders.
• Building and maintaining relationships with internal and external model stakeholders.
• Understanding model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise.
• Developing an understanding of Wells Fargo audit methodology and policy.
• Developing business knowledge of focus modeling areas.
• Training, mentoring, and providing direction to junior team members and supporting their development.
• Work effectively independently and within a team.
• Championing opportunities and recommendations for process improvement.
  

Required Qualifications

• 2+ years of experience in an advanced scientific or mathematical field
• A master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science

Desired Qualifications

• Excellent verbal, written, and interpersonal communication skills
• Ability to negotiate, influence, and collaborate to build successful relationships
• Strong organizational, multi-tasking, and prioritizing skills
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
• Solid problem solving skills
• Good analytical skills with high attention to detail and accuracy

Other Desired Qualifications

• A PhD or Master's degree in mathematics, physics, engineering, computer science, Mathematical finance, or other quantitative field.
• A PhD with 2+ years or a Master's degree with 6+ years of experience in model development, model validation, or model risk auditing of market risk, trading products, counterparty credit risk, and wealth & investment management in the financial services industry, preferably with a large bank.
• Capital markets and derivatives: knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS), capital market structures, market risk management practices, and general derivative pricing theories.
• Quantitative and numerical methods skills: solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies.
• Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS
• Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel - FRTB
• Ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background.

Job Expectations

• Ability to travel up to 10% of the time

Street Address

NC-Charlotte: 301 S College St - Charlotte, NC
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
AZ-Chandler: 2600 S Price Rd - Chandler, AZ
TX-Addison: 5080 Spectrum Dr - Addison, TX

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits Summary

Benefits

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