Risk Analytics Consultant - Wealth and Investment Management - Corporate Risk

About this role:

Wells Fargo is seeking an 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 deliver insights 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 risk analyses. 
• Review and analyze moderately complex data aggregation, forecasting, reporting, and quantitative 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:

• 2+ 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 Python, R and/or SAS
• Proficiency in SQL and Excel VBA
• Experience with main AI tools
• 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
• Strong presentation and verbal communication skills
• Good writing and document-drafting skills
• Ability to work across teams and partner with external groups

Locations:

• 401 South Tryon Street - Charlotte, North Carolina

Job Expectations:

• Required locations listed above. Relocation assistance is not available for this position.
• This position currently offers a hybrid work schedule.
• 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.
• 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 candidate