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Senior Lead Quantitative Analytics Specialist
Company: WELLS FARGO BANK
Location: Charlotte, NC
Employment Type: Full Time
Date Posted: 05/21/2022
Expire Date: 07/16/2022
Job Categories: Accounting/Auditing, Banking, Construction, Mining and Trades, Finance/Economics, Financial Services, Human Resources, Military, Quality Control, Research & Development, Writing/Authoring
Job Description
Senior Lead Quantitative Analytics Specialist

About this role:

Wells Fargo is seeking a skilled and experienced Senior Lead Quantitative Analytics Specialist. Wells Fargo Internal Audit has a challenging opportunity on the highly-visible Quantitative Model Risk Audit Team within Corporate Risk and Capital Market (CRCM). We are looking for an individual with quantitative education and experience to provide audit coverage of analytical models used at the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach with the team. 

This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as mortgage banking, market risk, trading products, counterparty credit risk, and wealth & investment management. The individual will play an instrumental role in the audit of the models used to meet the regulatory requirements of Basel, CCAR, and the Market Risk Rule.


In this role, you will:

  • Provide leadership and credibility in the challenge of modeling practices in the company, including performing replication analyses with data mining and coding.
  • Plan, execute, and lead technical audit reviews of models, modeling and validation areas, and model risk governance processes.
  • Lead the strategy and resolution of highly complex and unique challenges requiring extensive knowledge of the most complex financial products
  • Determine scope and prioritization of work in consultation with experienced management
  • Provide expert guidance and support on technical model questions, model risk policy, regulatory requirements, and best industry practices to Wells Fargo Internal Audit staff, senior management, and business partners.
  • Produce quality deliverables suitable for senior management and external distribution.
  • Communicate testing findings and conclusions verbally and in writing to key stakeholders.
  • Build and maintain relationships with internal and external model stakeholders.
  • Understanding model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise.
  • Develop an understanding of Wells Fargo audit methodology and policy.
  • Develop business knowledge of focus modeling areas.
  • Train, mentor, and provide direction to junior team members and supporting their development.
  • Work effectively independently and within a team.
  • Champion opportunities and recommendations for process improvement.


Required Qualifications, US:

  • 7+ 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 science


Desired Qualifications:

  • Capital markets and derivatives: knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS), capital market structures, market risk management practices, and general derivative pricing theories.
  • Quantitative and numerical methods skills: solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies.
  • A PhD in a quantitative discipline
  • Excellent verbal and written communication skills, ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background.
  • Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel - FRTB
  • Strong work and professional ethics
  • Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills
  • Excellent verbal, written, and interpersonal communication skills.  
  • Strong organizational, multitasking, and prioritizing skills.
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities.
  • Solid problem-solving skills
  • Good analytical skills with high attention to detail and accuracy. 
  • Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS

  • @RWF22

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.

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