Business Analytics Cons Business Analytics Cons …

Wells Fargo
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
Wells Fargo
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
Competitive
Business Analytics Cons
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website .

Market Job Description

About Enterprise Global Services
Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website .

Corporate Model Risk: Wells Fargo's Corporate Model Risk is responsible for 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.

Qualitative Model Validation: The Qualitative Model Validation group is responsible for validating and approving all qualitative models used across Wells Fargo including Credit, Liquidity, Market, Operational, Pre-Provision Net Revenue (PPNR), Finance, Balance Sheet, and Financial Crimes 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 issue management. The team works closely with model users, developers, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process.

The Role:
  • The Qualitative Model Validator responsible for the quality, and completion of model validation to support business activities in Financial Planning and Analysis and/or Asset and Liability Management including Stress Testing (DFAST/CCAR) and Resolution Planning as applicable.


Responsibilities:

Specifically this individual will have responsibility to:
  • Execute the Validation processes for his/her area of specialty in accordance to applicable Policies, in particular:
    • 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, CFMO, and other key stakeholders to ensure risk commensurate remediation,
    • Ensure timely validation delivery
  • Establish reporting and escalation protocols of review results and follow up on identified issues/observations.
  • 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 effective working relationships with LOB Model Governance, Model Owners, Model Program team members, and CFMOs across Wells Fargo.
  • Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices

The Candidate:
  • This leader will have substantial experience in Finance to facilitate credible challenge of the processes/models and to develop the skills of the validation team.
  • Successful candidates will be articulate and capable of building collaborative working environments including leading process improvement projects.


Market Skills and Certifications

Required Qualifications:
  • 5+ years of experience in financial in one or a mix of Planning and analysis, PPNR analysis and models, Asset and Liability management
  • Degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred
  • Expertise in Banking Financial Planning and analysis with particular focus on Pre-Provision Net Revenue (PPNR) across banking products.
  • Understanding of revenue and expense generating dynamics in asset and liability products.
  • Experience understanding financial projections of balance sheet, revenue and expense line items, particularly in capital stress testing scenarios
  • Expertise in Banking Financial Planning and analysis with particular focus on Pre-Provision Net Revenue (PPNR) across banking products.
  • Understanding of revenue and expense generating dynamics in asset and liability products.
  • Experience understanding financial projections of balance sheet, revenue and expense line items, particularly in capital stress testing scenarios
  • Proficiency managing databases, spreadsheets, and programming (understanding code and coding).
  • Strong analytical skills with high attention to detail and accuracy


Desired Qualifications:
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Excellent communication skills and experience in building and maintaining partnerships, collaborating across lines of business as well as with corporate partners

    Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny


We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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