Credit Risk Analytics Sr Assoc

Wells Fargo

Posted Under: Minneapolis, Minnesota jobs in Other; Other jobs in zipcode 55401
Posted On: 2020-02-15 00:00:00

Job DescriptionImportant 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 want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.The Credit and PPNR Modeling (CaPM) Team is a unit within Corporate Credit and Market Risk and is responsible for model development and implementation of the following model types:--1. Credit loss estimation models for the entire loan portfolio to support Allowance for Credit Loss (ACL), including preparations for Current Expected Credit Loss (CECL); estimation of risk weighted assets (RWA) in compliance with Basel regulations; and, economically sensitive credit loss estimation in compliance with Dodd Frank and the Comprehensive Capital Analysis and Review exercises (CCAR).--2. Models to support Pre-Provision Net Revenue (PPNR) estimates including forecasting models to support Dodd Frank and the Comprehensive Capital Analysis and Review exercises (CCAR).The Model Operations & Controls (MOC) is an independent team within the CaPM COE and focuses on process support and infrastructure necessary to ensure the ongoing success of the greater CaPM team.The team is seeking an individual to join the Operations and Controls team with the focus on process/audit support and controls framework. This position will focus on providing general support to the Commercial, and/or PPNR modeling teams, model governance, model issue remediation and tracking, and project management. The position will work closely with business partners to support model development, implementation, execution, performance monitoring, and reporting of Credit and PPNR models. The position will also facilitate audits and other governance items.This position joins a high functioning, high profile team and requires the presence and professional demeanor necessary to interact effectively with team members across CaPM, Lines of Business (LOB), model governance, oversight, validation, and audit organizations, as well as strong documentation capabilities that can effectively convey complex processes.-- The candidate must possess organizational and prioritization skills, as well as strong attention to detail. This role will require critical thinking and a tactical approach to problem solving.The candidate will have the opportunity to interact with multiple lines of business and senior management and will also engage in ongoing discussions and planning with partners such as CMoR, CFMO and model governance teams, as well as auditors and external regulators.--Responsibilities include: Support efforts related to G&O, BCBS239, COSO, and EUCT compliance. Develop documentation including process narratives and desktop procedures ensuring compliance within key policy and regulatory standards. Collaborate with development and implementation teams to lead internal and external audit as well as regulatory engagements, ensuring robust control documentation and timely and appropriate communication with testing teams. Enhance, execute, and document model implementation and execution control processes, as well as have responsibility for collecting evidence of process controls and interacting directly with stakeholders. Provide project management support for CaPM projects ensuring that multiple teams are working together to create cohesive modeling, implementation and execution solutions that enable effective Commercial, and/or PPNR forecasting processes within the following areas: Credit stress testing, Basel, financial planning and Allowance/CECL processes. Serve as the liaison with Model Governance, ensuring models are compliant and key governance deliverables are met including model inventories, model issues and model monitoring.-- In addition, ensure that the Model Risk System (MoRS) is up to date for the models in scope.Required Qualifications5+ years of risk reporting experience, risk analytics experience, or a combination of both; or 2+ years of experience in a risk role and a Master's degree or higher in a quantitative field such as statistics, economics, mathematics, operations research, engineering, or businessDesired QualificationsExcellent verbal, written, and interpersonal communication skillsAbility to identify and manage complex issues and negotiate solutions within a geographically dispersed organizationProcess documentation experienceExperience facilitating meetingsOther Desired Qualifications Good understanding of modeling concepts, familiarity with model implementation and production, and model governance Experience with risk management concepts, audit, and controls An understanding of data and analytics across multiple product classes, systems, and organizations. A Bachelor's degree or higher in a business or quantitative field such as marketing, business administration,-- operations research, mathematics, statistics, engineering, physics, economics, or computer science Understanding of key regulatory compliance risk components, including experience driving consistency and quality across all aspects of a risk function, including a solid understanding of process controls-- Audit experienceStreet AddressNC-Charlotte: 11625 N Community House Road - Charlotte, NCMN-Minneapolis: 600 S 4th St - Minneapolis, MNGA-Atlanta: 171 17th St Nw - Atlanta, GACA-Concord: 1655 Grant Street - Concord, CAIA-Des Moines: 800 Walnut St - Des Moines, IAIA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IADisclaimerAll 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.