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Analytic Consultant 4

Wells Fargo | Englewood CO 80236 USA | Full Time | Posted: 02/18/2020

Job Descriptiontop

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Compliance Strategy and Operations (CS & O) is looking for an experienced analytics professional to join the Compliance & Financial Crimes Corporate Functional Model Oversight (CFMO) team, which is an independent risk management function. The CFMO team works in partnership with Corporate Model Risk (CMoR) to provide joint governance of models. The CFMO team evaluates, and approves as appropriate, models at various stages of the lifecycle; this includes, but is not limited to, agreeing with the model’s purpose, use, and controls as they apply to the business context within which the model is being used.

Required Qualifications

  • 6+ years of experience in one or a combination of the following: reporting, analytics, or modeling; or a Masters degree or higher in a quantitative field such as applied math, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis and 4+ years of experience in one or a combination of the following: reporting, analytics, or modeling

Desired Qualifications

  • Extensive knowledge and understanding of research and analysis
  • Strong analytical skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to work independently
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
  • A Master's degree or higher in a quantitative discipline

Other Desired Qualifications
  • Knowledge or experience in the following:
    • Building and / or evaluating quantitative or qualitative models for fair lending, UDAAP/complaints, financial crimes, conduct or compliance risk management
    • Communicating with regulators, auditors and other oversight bodies
    • Reporting, presentation, and project management in a banking environment
    • Development, review and implementation of risk management policies and governance
    • Performance monitoring methodologies and techniques, and their use in development of KPIs and monitoring programs
  • General ability to review model development/validation documents, academic literatures, white papers, and other similar documents to understand model methodology, use, limitations, and identify key aspects relevant to model risk.
  • Ability to evaluate model risk along complexity, reliance, and materiality risk dimensions.
  • Knowledge of Federal Reserve Supervisory Letters SR 11-7 and SR15-18 and other regulatory requirements on data and model use
  • Ability to research and report on a variety of issues using problem solving skills
  • Serve as subject matter expert providing insight into modelling approaches utilized for managing risks in the areas of fair lending, UDAAP/complaints, conduct and other compliance disciplines
  • Provide ongoing oversight and challenge of quantitative and qualitative tools used in the measurement and management of the firm’s compliance-related risks
  • Document the scope of models that are covered under the Compliance & Financial Crimes CFMO program
  • Interpret policies, both functional and global (in conjunction with Corporate Model Risk (CMoR))
  • Review, and approve as appropriate, model types and risk rank in partnership with CMoR Governance, and provide credible challenge as appropriate
  • Stipulate further limitations and restrictions as appropriate on the use of the models than may be recommended by CMoR or the business
  • Review and approve new and significant changes to existing risk rank 1, 2, or 3 models
  • Assist in developing performance monitoring metrics, triggering thresholds and action plans for high risk rank models. Review and approve model monitoring programs
  • Aggregate and report information on post-implementation model performance and status; consult with CMoR on aggregate reporting to the Model Risk Committee
  • Communicate CFMO-identified model risk findings and issues to the appropriate parties, including model owner, the business’s model risk officer, CMoR, functional area management, and committees as applicable
  • Understand and implement the Wells Fargo Risk Management policy, along with other policies and procedures applicable to compliance model usage and risk management


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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Location Englewood, CO, 80236, United States
Categories Information Technology

Location Maptop

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Job Code 5535296-8

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