Lead Enterprise Risk Officer - Treasury Asset-Liability & Liquidity Model Validation

Wells Fargo is seeking a Lead Enterprise Risk Officer to join Treasury Asset-Liability and Liquidity (TALL) Model Validation Team within Model Risk Management (MRM)

Treasury Asset-Liability and Liquidity (TALL) Model Validation Team:  The team is responsible for validating and approving various models used across Wells Fargo including Liquidity and Capital Risk, Deposits, Operational, Finance, Balance Sheet, and Business Planning to name a few. The team’s responsibilities include performing model validations (independent reviews, writing validation reports, and approving model usage), annual reviews, performance monitoring, and model risk findings management. The team works closely with model users, developers, model governance, and financial risk oversight teams to manage model risk to the firm and facilitate the model approval process.

Model Risk Management (MRM):  Model Risk Management is the second line of defense and is responsible for validating models, independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across enterprise). This oversight extends to all phases of a model’s life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.

In this role, you will:

• Be responsible for the quality and timely completion of model validation to support business activities across several areas. This role will cover models in the following areas, among others: Liquidity Risk, Capital Management, including Stress Testing (e.g., DFAST/CCAR), Recovery and Resolution Planning usages across legal entities.
• Manage model risk for models for his/her area of specialty in accordance with applicable Policies and best practices, including executing the Model Validation processes, review and challenge of the on-going monitoring and model change management processes, and supporting model governance activities. 
• Act as an advisor to leadership to develop or influence risk management practices and activities, reporting, specifications, resources, and long-term goals for model risk program and technical needs across multiple front lines in the areas listed above.
• Lead the strategy and resolution of highly complex and unique challenges for model risk program and activities.
• Ensure credible challenge of models through validation process.
• Evaluate all relevant components of models and assess model soundness across lifecycle as applicable.
• Identify areas of weakness and work with Model Owners and other key stakeholders to ensure risk commensurate remediation.
• Ensure delivery of well written and timely validation reports outlining conceptual soundness of model Continually work to improve consistency and quality of independent model validation.
• Ensure all models within scope are independently validated per expected standards and schedule.
• Build and maintain proactive and effective engagement with LOB Model Governance, Model Owners, Model Program team members across Wells Fargo.
• Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices.
• Lead and train junior team members

Required Qualifications:

• 5+ years of Risk Management experience (Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk, IT Systems Security, Business Process Management) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• CFA or FRM certifications highly desired
• Liquidity Risk Management: Liquidity Risk, Capital Planning, Recovery and Resolution Planning usages, Stress testing. Deep understanding and experience in liquidity metrics and forecasting related to LCR, ILST, RLAP, RLEN, forecasting.
• Financial Planning and Assets and Liability Management: Understanding of banking balance sheet dynamics including drivers of change in book value, market value, portfolio mix, product pricing/spreads, multiple currency dynamics, interest rate driven optionality, etc. across stress scenarios and varying interest rate environments.
• Deposits, with interest rate and liquidity dynamics
• Capital markets, investment portfolio, securities products
• Expert understanding of M