Lead Economist

Wells Fargo is looking for a Regional Economist.

The Wells Fargo Corporate Economics Group is responsible for developing economic forecast scenarios that provide the basis for important financial planning and risk management activities within Wells Fargo and Company. The team’s scenarios drive loan loss, net interest income and securities portfolio valuation changes for financial reporting and stress testing including CCAR/DFAST, CECL processes. 

 

We are seeking a strong Regional Economist to join this dynamic team.  As an Economist for the Wells Fargo Corporate Economics Group, the successful candidate will be responsible for researching, modeling and forecasting economic conditions. The Economist will perform complex economic and statistical analysis and prepare reports and presentations for executives and senior level management.  Specifically, the Economist would be expected to construct econometric models for forecasting purposes and draw inferences about alternative economic conditions in terms of their implication for output, inflation, interest rates and asset prices.  Expertise with economic models, data and topics is required. Expertise with regional econometric models is preferred

 
In this role, you will:

• Research, evaluate, and interpret highly complex economic conditions, trends and forecasts

• Provide economic scenarios and draw inferences about alternative economic conditions in terms of the implication for loan or credit loss, asset valuation, funding costs, and other bank relevant considerations

• Produce highly complex economic scenarios for distribution to evaluate the impact of economic conditions

• Advise on timely economic and financial issues of importance to the organization

• Determine methodology and approach to complex research and analysis

• Develop and document economic models used in macroeconomic forecasting and address any model risk findings

• Interact with internal and external economists and banking professionals 

Required Qualifications:

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

Desired Qualifications:

• Master's degree or higher in economic sub-fields closely related to macroeconomic modeling and economic forecasting

• Extensive experience utilizing analytical methods used in statistical analysis, modeling, and forecasting

• Proficiency and familiarity with U.S. regional economic datasets in time series, cross sectional and panel settings across states and MSAs

• Proficiency and familiarity with regional economic models (e.g. Moody’s Analytics Scenario Studio, IMPLAN)

• Proficiency with statistical software (i.e. EViews, R, Python, Stata etc.)

• Extensive experience evaluating the strengths and weaknesses of statistical models, documenting those findings, and make modifications as may be appropriate

• Extensive experience ensuring compliance with all internal policies and regulatory requirements

• Experience with banking forecasting processes for CCAR/DFAST & CECL analysis

• Ability to prepare and present presentations to senior leadership and key stakeholders

Job Expectations:

• Must be willing to work on-site hybrid work schedule
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$144,400.00 - $300,000.00

Benefits