Quantitative Analytics Specialist

About this role:

Wells Fargo is seeking a Quantitative Analytics Specialist

In this role, you will:

• Develop, implement, and calibrate various analytical models
• Perform highly complex activities related to financial products, business analysis and modeling
• Perform basic statistical and mathematical models using Python, R, SAS, C++ and SQL
• Perform analytical support and provide insights regarding a wide array of business initiatives
• Provide solutions to business needs and analyze workflow processes to make recommendations for process improvement in risk management
• Collaborate and consult with peers, colleagues, managers, and regulators to resolve issues and achieve goals

Required Qualifications:

• 2+ 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 statistics, mathematics, physics, engineering, computer science, economics, or quantitative discipline

Desired Qualifications:

• Execute the Validation processes based on model risk supervisory guidance, Model Risk Management Policy and procedures, and current industry best-practices in one or more of the above-named areas. In particular:
  • Ensure credible challenge of models through validation process
  • Evaluate all relevant components of models and assess model soundness across lifecycle
  • Identify areas of weakness and work with model owners, risk partners, and other key stakeholders to ensure risk commensurate remediation
  • Demonstrate strong knowledge of subject matter area of focus, as well as sound validation and analysis techniques
  • Deliver high quality and timely validation reports combining intellectual rigor, analytical depth, and key model risk perspective
  • Support timely resolution of model weaknesses
• Follow reporting and escalation protocols of review results and follow up on identified risks/observations
• Continually work to improve efficiency, 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 key partners and stakeholders across Wells Fargo
• Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices

• Hands on model development/validation experience by using some of the quantitative methodologies including time series, logistic regression, linear programing and some of the tree technologies such as GBM, Random Forest, etc.

• 2+ years of practical quantitative programming experience with SAS, SQL, Python, R and comfortable working with large datasets

• Skill in managing relationships with key model stakeholders

• Ability to communicate to different audiences (other technical staff, senior management and regulators) both verbally and in writing

• Aptitude for synthesizing data to 'form a story' and align information to contrast/compare to industry perspective

• Attention to detail in both analytics and documentation

• Eagerness to contribute collaboratively on projects and discussions and support the development of high performing teams

• Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions

• Ability to work independently on complex model validations from start to finish

• Perpetual interest in learning something new, but being comfortable with not knowing the all the answers

• Intellectually curious.  Someone who enjoys solving problems

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.