Wells Fargo's Model Risk Management (MRM) organization is seeking an experienced quantitative analyst to join its Wealth & Investment Management Model Risk Oversight (WIM MRO) Group as a Lead Quantitative Analytics Specialist (LQAS). The responsibilities of the WIM MRO Group include managing the model risk over the model lifecycle including risk ranking, validation, and performance monitoring, etc. for models used by Wells Fargo's Wealth & Investment Management (WIM) business. In this specific position, the analyst shall focus on models for providing financial advisory and investment management services to Wells Fargo's clients, and for supporting WIM's business decisions.
MRM operates in a fast-paced work environment with continuously changing policies and technologies. The successful candidate is expected:
To be self-motivated, require minimal supervision, and produce work products that are consistent with MRM's recognized high standards.
To lead model risk management activities, including model validation, risk ranking, performance monitoring, change management, etc., and coach junior team members.
To have in-depth knowledge of modeling techniques, particularly in investment management and financial advisory areas, including but not limited to, data sourcing, cleaning, and sampling, feature engineering, various modeling frameworks, model replications, model performance assessments, test model development, and model monitoring.
To provide effective challenges, guidance, and advice to WIM business related to model development and model risk management.
To develop reusable code and libraries to accelerate WIM model validation and other model risk management activities.
To write high quality analytical reports to ensure compliance with governance policies and regulations.
To communicate effectively and independently with business stakeholders, senior management, regulators, and auditors.
To be proficient with MRM framework and procedures and to support their further enhancements.
Required Qualifications:
5+ 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 discipline such as mathematics, statistics, engineering, physics, economics, or computer science
Desired Qualifications:
A PhD in statistics, finance, economics, computer science, optimization, electrical engineering, or related quantitative disciplines.
Experience in wealth and investment management industry or related experience in one or a combination of the following: investment research, investment risk management, portfolio management, capital markets, financial modeling and wealth management.
Strong computing and programming background and knowledge of one or more languages such as Python, Matlab, R, SAS and Java. Proficiency in software engineering practice.
In-depth knowledge of ML methodologies such as ensemble algorithms, neural networks, supervised and unsupervised learning. Experience with ML/AI computing platforms and tools such as PyTorch, TensorFlow and Keras.
Ability to work with large datasets and some experience in database management and tools such as Spark and SQL.
Chartered Financial Analyst (CFA) designation or demonstrated progress toward the designation or Financial Risk Management Certificate (FRM).
Ability to take initiative and work independently in a structured environment.
Excellent writing and communication skills for documentation and presentations to audiences of all technical backgrounds.
Strong conceptual and quantitative problem-solving skills and demonstrated ability to contribute independently.
Strong intellectually curiosity and perpetual interest in learning something new.
A team player and ability to work in cross-organizational projects and collaboratively with other groups.
Job Expectations:
Willingness to work on-site at stated location on the job opening.
This position offers a hybrid work schedule.
This position is eligible for Visa sponsorship.
Job Posting Locations:
401 S Tryon St Charlotte, NC
600 S 4th St, Minneapolis, MN
114 N Beaumont St - D Bldg. St. Louis, MO
800 S Jordan Creek Pkwy, West Des Moines, IA
1150 W Washington St., Tempe, AZ
250 E John Carpenter Frwy, Irving, TX
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date:
10 Jun 2025** *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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-462912