Wells Fargo is seeking a Model Risk Officer for oversight of models in the Marketing areas.

Model Risk Management (MRM): Model Risk Management is responsible for validating and monitoring models, independently overseeing the management of model risk exposures across the enterprise, including governing, monitoring, and reporting on aggregate model risk exposures. This oversight extends to all phases of a model’s life cycle, including model identification, development, validation, implementation, resolution of model risk findings, model usage, performance monitoring, documentation, and retirement.

Marketing team: this team oversees model risk in marketing models. Marketing models are designed to support marketing campaigns and decision-making. They include various types, such as response models and approval models, and can be categorized by business portfolio (e.g., home lending, consumer credit cards, personal loans, deposit products), by channel (e.g., Invitation to Apply vs. firm offer), and by target population (e.g., prospects vs. existing customers). The responsibilities of this team include end-to-end model risk management over the model lifecycle including risk tiering, validation, and performance monitoring, etc. The role will receive model risk management guidance and goals from the Group Model Risk Officer (GMRO).

This highly visible position requires strong risk management and technical expertise, along with the ability to build strategic partnerships across the enterprise. Effective communication with technical staff, senior management, auditors, and regulators is crucial. The role operates in a fast-paced environment, necessitating multitasking and meeting strict deadlines to ensure policy adherence and effective model risk management.

In this role, you will:

• Manage and develop teams responsible for the creation, implementation of complex financial and statistical models

• Analyze and manage risks to forecast losses or enable decision making for business, product, marketing, or other functional areas

• Support financial products, portfolios, business process and risk management

• Perform various compliance with corporate and regulatory reporting, involving finance and capitalization requirements

• Determine scope and prioritization of work

• Perform key input in the development of strategy, policies, procedures, and organizational controls

• Manage one or more teams of highly skilled quantitative analysts or managers

• Interface with internal and external audit or regulators

• Manage allocation of people and financial resources for Quantitative Analytics

• 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

• 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 experience
• Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science
• A wide knowledge of modeling techniques and uses; in-depth knowledge of AI and ML methodologies.
• Strong computing and programming background and experience with AI/ML computing platforms and tools
• Knowledge of regulatory requirements: SR 11-7, industry standards on model validation, model governance, extensive expertise and keen insight on the model risk management process and future directions, expertise in defining model performance metrics and risk reduction techniques.
• Previous model development or validation experiences in Marketing in large financial firms.
• In-depth knowledge of Marketing models.
• Excellent verbal, written, and interpersonal communication skills, with an ability communicate to non-technical audience and present to senior leaders.
• Strong organizational skills, attention to detail, ability to work as a member of a broader team, and ability to adhere to strict deadlines in a fast-paced environment.
• Demonstrated ability to actively lead projects/discussions, work through problems and reach decisions that are in the best interest of the function and the Company.

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.