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.
As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.
THE ROLE Secured Lending Basel Modeling and Analytics Team has an open position for a Quantitative Analytics Specialist 3. The role of this position is to support the development, validation and maintenance of Basel credit risk modeling activities. We are looking for individuals with strong credit risk modeling experience, strong SAS programming, analytical and quantitative skills.
Key responsibilities to include:
Responsible for model design, development and testing of the PD (Probability of default), Loss Given Default (LGD) and Exposure at Default (EAD) under the framework of Basel III
Responsible for documenting and presenting detailed model development processes and results, suitable for a variety of audiences.
Prepare ad-hoc analysis and reporting as requested
Collaborate with key business models users to ensure models are business driven, properly implemented and run
Respond to ongoing analytical requests from auditors and regulatory reviewers
*** LOCATION: Selected candidates will be required to work at one of the Wells Fargo locations as posted: Charlotte, NC, Minneapolis, MN, West Des Moines or McLean, VA.
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
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Ability to handle confidential material in a professional manner
Ability to take on a high level of responsibility, initiative, and accountability
Ability to articulate complex concepts in a clear manner
Ability to interact with integrity and a high level of professionalism with all levels of team members and management
Ability to organize and manage multiple priorities
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Ability to identify and manage complex issues and negotiate solutions within a geographically dispersed organization
Ability to exercise independent judgment to identify and resolve problems
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Other Desired Qualifications
Ph.D. in finance, economics, statistics, operations research, or other quantitative disciplines
5+ years of credit risk modeling/analytical experience in banking or financial service industry
Demonstrated experience developing PD, LGD, EAD models using regression models and decision tree models / Machine learning (ML)
Proficient in SAS base, SAS macro, SAS SQL, SAS stat, SAS Enterprise Miner with experience in working with large datasets
Knowledge of supervised and unsupervised machine learning methodology
Knowledge of, and hands-on experience with, statistical model development/validation, utilizing best modeling practices and methodologies in the areas of data processing, sampling, model design/specification, model performance assessment, and evaluation testing
Background in Mortgage and Auto Risk Management and Analysis
Ability to develop own creative ideas and can evaluate and endorse other’s ideas
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.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo