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Senior Quantitative Analytics Specialist- Risk Modeling Group

Company: Wells Fargo
Location: Charlotte
Posted on: September 23, 2022

Job Description:

About this role:Wells Fargo is seeking a Senior Quantitative Analytics Specialist for the commercial modeling team within the Risk Modeling Group. The position will focus on the design and implementation of data solutions and forecasting processes to support stress testing and business planning for wholesale lines of business. We are seeking an individual with strong model development experience, knowledge of programming principles, and experience with distributed data platforms.In this role, you will:

  • Perform highly complex activities related to creation, implementation and documentation
  • Use highly complex statistical theory to quantify, analyze and manage markets
  • Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives
  • Utilize structured securities and provide expertise on theory and mathematics behind the data
  • Manage market, credit, and operational risks to forecast losses and compute capital requirements
  • Participate in the discussion related to analytical strategies, modeling and forecasting methods
  • Identify structure to influence global assessments, inclusive of technical, audit and market perspectives
  • Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skillsRequired Qualifications:
    • 4+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
    • Master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer scienceDesired Qualifications:
      • Excellent verbal, written, and interpersonal communication skills
      • Expertise in Python, Spark/Scala and Big Data Analytics using SQL
      • Familiarity with the version control tools Git and GitHub
      • Ability to adapt and act quickly in a fast-paced and results-driven environment
      • Prior experience building and implementing statistical or econometric models for stress testing and business planning purposes
      • Ability to effectively present analysis and share insights with a variety of stakeholders and using right- sized content and documentation
      • Working knowledge of machine learning algorithms and time series regression analysis
      • Implementing forecasting processes and strategies for credit loss, Balance Sheet, PPNR and RRP valuation models for the commercial and debt securities portfolios
      • Adherence to model risk, audit and governance policies.
      • Building robust production processes with effective reviews and controls, in accordance with software development best practices
      • Understanding the trends within loan portfolios, their impact on model design and performance
      • Staying abreast of industry development in Big Data technologies and Cloud Computing Preferred locations are Chandler, AZ / Irving, TX/ McLean, VA/ Minneapolis, MCN / West Des Moines, IA. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees only. 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, or status as a protected veteran. 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.

Keywords: Wells Fargo, Charlotte , Senior Quantitative Analytics Specialist- Risk Modeling Group, Accounting, Auditing , Charlotte, North Carolina

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