Lead Business Accountability Specialist – Internal Fraud Strategy, Governance
Wells Fargo
Lead Quantitative Analytics Specialist – Capital Markets, Model Risk Audit
Wells Fargo
full-time
Posted on:
Location Type: Hybrid
Location: Charlotte • New York, North Carolina • 🇺🇸 United States
Visit company websiteSalary
💰 $159,000 - $305,000 per year
Job Level
Senior
Tech Stack
PythonSQL
About the role
- Provide audit coverage of models used to support the trading, investment, and mortgage servicing right portfolios
- Execute model audit engagements and technical audit reviews of models
- Provide credible challenge within the third line of defense auditing of modeling practices in the company
- Evaluate development documentation, validation activities, ongoing monitoring
- Serve as subject matter expert to Wells Fargo Internal Audit staff, senior management, and business partners on regulatory expectations, model risk policy, and current industry modeling practices
- Produce quality deliverables suitable for senior management and external distribution
- Communicate testing findings and conclusions verbally and in writing to key stakeholders
- Build and maintain relationships with internal and external model stakeholders
- Understand model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise
- Develop an understanding of Wells Fargo audit methodology and policy
- Develop business knowledge of capital market related modeling areas
- Champion opportunities and recommendations for process improvement
Requirements
- 5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
- A PhD in a quantitative discipline (Desired)
- 4+ years of experience in the development, validation, or auditing of interest rates, derivative pricing, market risk, or counterparty risk models in the financial services industry, preferably with a large bank (Desired)
- Knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS)
- Knowledge of capital market structures, market risk management practices, and general derivative pricing theories
- Solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies
- Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel – FRTB (Desired)
- Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing 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
- Strong organizational, multitasking, and prioritizing skills
- Good analytical skills with high attention to detail and accuracy
- Excellent verbal, and written communication skills, ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background
- Demonstrated ability to lead junior team members (Desired)
- 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
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
Quantitative Analyticsmodel developmentmodel validationmodel auditingmathematical techniquesnumerical methodsstochastic calculusMonte Carlo simulationoptimizationstatistical methodologies
Soft skills
interpersonal skillspersuasion skillsnegotiation skillsinfluencing skillsteamworkflexibilitycollaborationadaptabilityorganizational skillsanalytical skills
Certifications
Master's degreePhD in quantitative discipline
