Senior Quantitative Analytics Specialist
Wells Fargo
About this role:
Wells Fargo is seeking a Senior Quantitative Analytics Specialist...
In this role, you will:
- Perform highly complex activities related to creation, implementation, and documentation
- Use highly complex statistical theory to quantify, analyze and manage markets
- Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives
- Utilize structured securities and provide expertise on theory and mathematics behind the data
- Manage market, credit, and operational risks to forecast losses and compute capital requirements
- Participate in the discussion related to analytical strategies, modeling and forecasting methods
- Identify structure to influence global assessments, inclusive of technical, audit and market perspectives
- Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills
Required Qualifications:
Overall experience of 4-8 years in Risk Analytics
Degree in applied mathematics, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis.
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Strong Quantitative Skills:
3+ years of Predictive modeling experience. Good understanding of model development and model testing.
Proficient in statistical analysis
Good Problem Solving and Analytical Skills
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Programming Skills
2+ years of hands on experience in Python and SQL
1+ years of experience in SAS
Good Written and Oral Communication Skills
Desired Qualifications:
Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities
Understanding of bank regulatory data sets and other industry data sources
Exposure to banking domain in Credit Risk area on Retail/Commercial portfolio
Ability to identify and manage complex issues and negotiate solutions within a geographically dispersed organization
Ability to research and report on a variety of issues using problem solving skills
Ability to interact with integrity and a high level of professionalism with all levels of team members and management
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Job Expectations:
Development of regulatory Credit risk (including CCAR, CECL and IFRS), RRP Valuation, and PPNR models for Commercial portfolio in SAS/Python.
Migration of existing development/implementation codes from SAS to Python/PySpark with thorough testing and UAT
Work closely with onshore team to understand and enhance the data and modeling process behind existing models, develop new models, address data and model issues/findings.
Underlying portfolio data research and analytics using strong programming skills
Adhere to audit and model validation governance to ensure data and modeling process are in compliance with policy and are working as intended, address model validation and regulatory feedback issues
Support ad-hoc analytic projects
Posting End Date:
11 Nov 2024*Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
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.