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    Lead Quantitative Analytics Specialist - bangalore, India - WELLS FARGO BANK

    WELLS FARGO BANK background
    Full time
    Description
    Corporate Risk in Wells Fargo:
    Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on three key risk areas: credit risk, operational risk and market risk. As the company's second line of defense, Corporate Risk - or Independent Risk Management - provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of the frontline's execution of its risk management responsibilities. Corporate Risk roles depend on a variety of skills, viz. data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.
    Risk Modeling - Deposits, Compliance, Liquidity & Operational Risk Modeling Group:
    RMG: The team is responsible for development and delivery of models leveraged for Credit Risk, Compliance Risk, and Operational Risk. These include models for credit and pre-provision net revenue (PPNR) forecasting, credit underwriting, collections, fraud, financial crimes, and fair lending.
    DCLOR : This team within RMG (Risk Modeling Group) is responsible for driving the development of balance, yield, liquidity, and operational loss forecasting models, developing & conforming corporate risk policies and meeting the needs of line of business model owners. Apart from model development effort, the team is also engaged in model production, implementation and monitoring processes.
    Operational Risk in Wells Fargo:
    Operational risks are inherent in every product, process, and activity along all three lines of defense. Operational Risk Management (ORM) upholds the integrity of the Risk Management Framework (RMF) by independently overseeing operational risk management across the company, enabling Wells Fargo to meet its strategic goals and providing a comprehensive view of operational risk.
    About the Team:
    As a part of the Operational Risk team, you will be at the center of developing and managing operational risk models pertaining to CCAR regulatory standards. This would primarily aim at forecasting/projecting losses over a 9-quarter period. Working with the team would be intellectually stimulating as current macroeconomic scenarios guide our analysis. Joining us would mean integrating into a network of proven excellence which is at the very center of the bank's activities, opening access to new and exciting development opportunities.
    In this role, you will:
    • Knowledge on operational risk, its risk types, loss per line of business, maturity of operational losses over time and interaction of macroeconomic variables with operational losses are good to have.
    • Develop and manage models for forecasting Operational Losses
    • Obtaining, cleaning and transforming data. Conducting exploratory data analysis
    • Applying appropriate variable screening techniques
    • Applying and selecting the most appropriate forecast algorithm
    • Interpreting and understanding statistical outputs
    • Knowledge on Python/R/SAS is recommended.
    • Experience on CCAR model development is preferred.
    • Knowledge on model life cycle (development, production, implementation and monitoring) and its intricacies are good to have.
    • Should possess strong documentation capabilities which would effectively convey complex models and processes.
    • Communicate design and results of complex models to a variety of audiences, including senior management, bank supervisors, Model Governance, Internal Audit and LOB end users. Coordinate with business partners, including production teams, and end users to ensure accurate model usage and implementation.
    • Adhere to model validation governance to ensure models are in compliance with policy and are working as intended, address model validation and regulatory feedback issues.
    • Solving model development and model production challenges in python with quick turn arounds
    Required Qualifications:
    • Master's degree or higher in a quantitative field such as Statistics/Economics
    • 10+ years of experience Risk Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
    • 8+ years of experience in credit risk modeling and analytics
    • 8+ years of advanced programming expertise in SAS or Python or R
    • Strong documentation capabilities
    • Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
    • Excellent verbal, written, and interpersonal communication skills
    • Strong ability to develop partnerships and collaborate with other business and functional areas
    Desired Qualifications:
    • Excellent verbal, written, and interpersonal communication skills.
    • Perform various complex activities related to predictive modeling.
    • Provide analytical support for development, remediation, and monitoring of Deposit & PPNR, Operational, Liquidity Risk, Financial Crimes models
    • Support development, implementation, execution and monitoring of Regulatory models such as Basel, CECL, and CCAR models
    • Develop dynamic dashboards; analyze key risk parameters to help understand changes in business and model performance
    • Identify opportunities and deliver process improvements, standardization, rationalization and automations. Enhance and standardize performance analysis, reporting packages and business loss forecast processes
    • Maintain documentation for development, implementation and monitoring of processes across the team with focus on standardization of controls
    • Ability to identify and manage complex issues and negotiate solutions within a geographically dispersed organization
    Posting End Date:
    20 May 2024
    *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.


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