About this role:

Wells Fargo is seeking a Lead Risk Analytics Consultant to focus on model risk oversight for financial models. The Finance Risk Management (FRM) group within Corporate Risk oversees frontline risk activities of the Finance organization. Enterprise Finance’s activities are critical to the financial risk management of the Company, including, but not limited to, setting and managing the capital and liquidity positions, executing CCAR, managing interest rate risk, balance sheet management, financial forecasting, and line of business capital allocations, funds transfer pricing, and financial and regulatory reporting among others. Additionally, Enterprise Finance encompasses operational, compliance and reputational risk across the various activities. This team is responsible for enhanced effectiveness of IRM oversight, creating streamlined IRM interaction with Enterprise Finance and a comprehensive view of risks across the Finance organization. The FRM team is led by the Finance Chief Risk Officer, reporting directly to the Company’s Chief Risk Officer. The group regularly produces reporting for presentation to senior management, management-level committees, the Board of Directors and Regulators.

This position is an individual contributor position that reports directly to a Senior Manager of the CFMO (Corporate Functional Model Risk Oversight) team within FRM and your role will be to perform the CFMO activities and requirements for models assigned to you as defined by the Model Risk Management Policy. The FRM CFMO team is a team made up of a group of team members that covers roughly 330 models in the Finance area from a CFMO perspective.

In this role, you will:

• Participate in CCAR/MYFA, 9 Quarter Forecast activities including running model challenge meetings, review model overlays and preparing materials for leadership deck

• Partner with Key Model stakeholders in helping manage overall model risk including FRM Risk Officers, LOB Model Governance partners, CMOR validators, CMOR Governance, Model owners, other FRM CFMO’s to discuss thematic modeling issues

• Be assigned interest-rate-risk and Investment Portfolio models with the potential for other models covered by the FRM CFMO team (finance forecasting, funds transfer pricing, capital and liquidity models) as needed

• Participate in internal team projects as developed by leadership

• Perform the Corporate Functional Model Oversight (CFMO) requirements as defined by Model Risk Management Policy for models assigned to you including:

  • Risk Ranking approval

  • Performance Monitoring Plan approval

  • Performance results analysis

  • Model change management analysis and approval of use

  • Model challenge and overlay analysis

Required Qualifications, US:

• 5 years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• BSBA degree or higher in Finance or equivalent

• Model Risk Experience

• Audit Experience

• Testing Experience

• Knowledge of CFMO role and Model Risk Management Policy

• High attention to detail and excel at supporting documentation

• Ability to provide credible challenge and candor to peers

• Highly proficient organizational skills

• Excellent verbal, written, and interpersonal communication skills

• Advanced Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills

• Ability to prioritize work, meet deadlines, and achieve goals in a dynamic environment

• Ability to review and challenge, when necessary

• Ability to prepare presentations and management reporting

Job Expectations:

• This position offers a hybrid work schedule.

Posting Locations:

• 401 S Tryon Street, Charlotte, North Carolina

• 600 S 4th Street, Minneapolis, Minnesota

• 7001 Westown Pkwy, West Des Moines, Iowa

*Job posting may come down early due to volume of applicants.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.