Job Description:
Wells Fargo is seeking a Quantitative Analytics Manager. 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. Credit Scoring team: this team oversees model risk in credit scoring, fair lending and loss estimate models. Credit Scoring models are designed to support decision-making related to consumer and commercial lending. They include various types, such as application, behavioral or collection scorecards, and can be categorized by different business portfolio (e.g., home lending/equity, auto, consumer credit cards, personal loans, commercial loans etc.). The responsibilities of this team include end-to-end model risk management over the model lifecycle including risk tiering, validation, and performance monitoring, etc. 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.
