Senior Risk Analytics Consultant - Wealth and Investment Management Risk

About this role:

Wells Fargo is seeking a Senior Analytics Consultant on the Wealth & Investment Management Credit Risk Loss Forecasting Team.  This role will be responsible for the production and analysis of stress test (CCAR and other ad-hoc exercises), Business Loss Forecast (“BLF”) and CECL results, as well as data analysis, data aggregation, analysis and interpretation and model validation in support of the monitoring, governance and oversight of the credit portfolio, market risk or capital.

This role will mainly deliver loss forecast and risk attribution analysis to senior risk stakeholders and business leaders within Wealth & Investment Management. This role will also deliver insights and decision strategies to maximize profits and/or asset growth, mitigate credit risk, manage operating losses and other risk exposures.

In this role, you will:

• Lead or participate in moderately complex initiatives and delivering insight and decision strategies within analytics and reporting and contribute to large-scale planning related to Risk Analytics. Initiatives include quarterly Business Loss Forecast (“BLF”), CCAR, CECL and other ad-hoc analyses. 
• Review and analyze moderately complex data aggregation, forecasting, reporting, and programming models related to the WIM Credit portfolio.
• Be responsible for process production, data reconciliation, and model documentation in alignment with policy governance. 
• Resolve data, production, business modeling, and lead team to meet Risk Analytics deliverables while leveraging solid understanding of risk reporting policies, modeling strategies, procedures, regulatory requests, and compliance requirements.
• Collaborate and consult with peers, experienced managers, compliance, and technology to resolve modeling, forecasting, and production issues, and achieve analytic and reporting goals.
• Partner with cross-enterprise risk analysts in development of common modeling strategies
• Participate in the enhancement and refinement of loss forecasting methodologies.

Required Qualifications:

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

Desired Qualifications:

• Prior experience in Credit Risk models and associated governance (performance monitoring, validation, etc.)
• Knowledge of stress-testing processes such as CCAR, Business Loss Forecast (“BLF”), CECL and other ad-hoc exercises
• Proficiency in statistical packages such as R and/or SAS and Python, SQL, Excel VBA
• Knowledge of credit risk concepts
• Understanding of other risk stripes (market, counterparty, liquidity) preferred
• Knowledge of statistics and quantitative finance concepts
• Ability to effectively handle governance-related tasks and liaise with 3rd line functions such as Internal Audit
• Ability to effectively interface with oversight groups such as Model Risk Management
• Good presentation and verbal communication skills
• Strong writing and document-drafting skills
• Ability to work across teams and partner with external groups

Posting Locations:

• 401 S. Tryon Street - Charlotte, North Carolina

Job Expectations:

• This position currently offers a hybrid work schedule.
• Willingness to work on-site at a stated location on the job opening.
• This position is not eligible for VISA sponsorship.
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

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.

$84,000.00 - $149,400.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and