Model Risk Audit - Quantitative Analytics Senior Manager at Wells Fargo
Charlotte, North Carolina, USA -
Full Time


Start Date

Immediate

Expiry Date

13 Jun, 25

Salary

359900.0

Posted On

14 Mar, 25

Experience

6 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Regulatory Requirements, Engagements, Designation, Remediation, Training, Physics, Leadership, Cams, Crcm, Statistics, Financial Institutions, Cisa, Control Environment, Mathematics, Communication Skills, Economics

Industry

Financial Services

Description

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.
$173,300.00 - $359,900.00

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

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

Required Qualifications:

  • 6+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 3+ years of management or leadership experience
  • Master’s degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer scienc

Desired Qualifications:

  • Extensive experience with executing and/or providing audit coverage of model risk management activities within financial institutions
  • Strong understanding of model risk regulatory requirements/expectations, including SR11-7, SR11-12 and SR15-18
  • Ability to identify and articulate verbally and within written reports gaps or deficiencies in the control environment, risks that need to be mitigated and why, and propose solutions for remediation
  • Experience managing direct reports to execute an annual audit plan
  • Solid knowledge and understanding of audit or risk methodologies and supporting tools
  • Strong understanding of financial regulatory environment
  • Certification in one or more of the following: CQF, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
  • Experience leading and providing feedback to staff on audit projects or engagements
  • Experience with Issue Validation and Remediation
  • Excellent verbal, written, and interpersonal communication skill
Responsibilities

The Wells Fargo Model Risk Audit Team is seeking an experienced manager to fill a Quantitative Analytics Senior Manager role. This individual will provide leadership in the audit coverage of Wells Fargo’s model risk management activities across the first and second lines of defense functions. The Quantitative Analytics Senior Manager will report to the Model Risk Audit Director and will be accountable for developing and executing a comprehensive multi-year coverage strategy for his/her portfolio. The portfolio of models under this individual’s responsibility will likely include credit origination and forecasting models, financial crimes models and models utilizing artificial intelligence.

In this role, you will:

  • Manage a team of audit staff responsible for a defined segment of the Audit Plan. Will have on average, a team of 7-10 direct reports.
  • Be responsible for resource management and assisting broader team in overall audit plan completion
  • Assess associated risks and controls and complete engagements within their segment of the audit plan
  • Plan and organize work in an annual cycle, not just project cycle
  • Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance
  • Build and maintain a proficient team of auditors
  • Provide timely feedback, coaching and monitoring of development plans
  • Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
  • Manage allocation of people and financial resources for Audit
  • Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications:

  • 6+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 3+ years of management or leadership experience
  • Master’s degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science

Desired Qualifications:

  • Extensive experience with executing and/or providing audit coverage of model risk management activities within financial institutions
  • Strong understanding of model risk regulatory requirements/expectations, including SR11-7, SR11-12 and SR15-18
  • Ability to identify and articulate verbally and within written reports gaps or deficiencies in the control environment, risks that need to be mitigated and why, and propose solutions for remediation
  • Experience managing direct reports to execute an annual audit plan
  • Solid knowledge and understanding of audit or risk methodologies and supporting tools
  • Strong understanding of financial regulatory environment
  • Certification in one or more of the following: CQF, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
  • Experience leading and providing feedback to staff on audit projects or engagements
  • Experience with Issue Validation and Remediation
  • Excellent verbal, written, and interpersonal communication skills

Job Expectations:

  • Ability to travel up to 10%
  • This position does not offer Visa sponsorship
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