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Quantitative Analytics Cons 1
Wells Fargo in San Francisco, California
 
 
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Date Posted May 23, 2018
Category
Science-Computer Sciences
Employment Type Fulltime
Application Deadline Open until filled
 
 
 

Job Description

The Corporate Model Risk Group (CMoR) is seeking an experienced quantitative analyst to join its Model Validation team.  Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.

CMoR serves as the second line of defense to ensure the integrity of Wells Fargo’s model inventory.  This position will focus primarily on Fair Lending and Financial Crime model validations.  However, frequent special projects and seasonal requirements for CCAR validations will provide a variety of modeling contexts throughout each year.  A validation project typically begins and ends with the analyst, requiring broad and continuous attention to detail, comprehensive documentation, and interactions with developers.  Meetings with auditors and regulators will require recall of validation details.  

CMoR operates in a fast-paced work environment with continuously changing policies and technologies.  The successful candidate is expected to be self- motivated, require minimal supervision, and produce work that is consistent with CMoR’s recognized high standards.  Effective work will involve familiarity with source systems of record, analytical data and sampling plans, model replications, model performance assessments, and test model development as effective challenges to lines of business.  It further requires strength in writing detailed standard analytical reports to ensure Wells Fargo’s compliance with governance policies and regulations.   Each validation report will include assessments of the specific business, model purpose and history, the model methodology, data integrity, model development, performance, implementation, and monitoring.  These documents are read by a broad audience, including auditors and regulators.



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

 

  • A PhD in a quantitative discipline



Other Desired Qualifications

  • 5+ years of practical statistical programming experience involving SAS, SQL and R, with relational databases and large data files

  • 2+ years of experience in a statistical model development environment utilizing best practices and methodologies, including but not limited to data integrity, sampling, model design, model assessment and performance, and documenting model development.

  • Experience managing very large tables from relational databases

  • History of direct and substantive applications of quantitative methods

  • Knowledge of Python and other similar data analytical programming tools

  • Model validation experience and some knowledge of financial institution regulatory requirements

  • Team player with capacity for independent judgment, and a desire to share knowledge and work product with colleagues

  • Professional, clear and concise written and oral communications, intended for others within the model validation team, other business units and regulators

  • Ability to document and present model development process and analytical results for audiences of all technical backgrounds and authorities

  • Quick learner who can accommodate rapid changes in analytical focus

  • General awareness of recent developments in applied statistical applications

  • Facile in managing relationships with business partners and simultaneous multiple projects

  • Knowledge of Fair Lending and Financial Crimes quantitative modeling domains

  • Knowledge of the Loss forecasting and PPNR modeling domains, and the general CCAR process





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.

 

0016762CORP RISK/CORPORATE RISK

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