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Wells Fargo is seeking a Quantitative Model Solutions Manager.
Job Responsibility:
Manage and develop individual contributors with a focus on low to moderate complex model operational and optimization processes, controls, assumptions, metric development, reporting, and testing strategies to successfully drive effectiveness
Provide expertise regarding low to moderately complex strategies, synchronizing transformational and opportunity needs with pragmatic operational considerations
Make decisions and resolve issues regarding low to moderately complex model operations and optimization work to meet business objectives
interpret and develop policies, procedures, and standards
Identify and recommend design thinking, methodology, optimization, and processes related to low to moderately complex model operations, balancing modern technology and the regulatory climate
Utilize theoretical and mathematics to synthesize then communicate concepts into practical planning related to model maintenance and optimization
Collaborate with and consult with peers, colleagues, and multiple level managers
Manage allocation of people and financial resources for Quantitative Model Solutions
Mentor and guide talent development of direct reports and assist in hiring talent
Manage a team responsible for Credit Risk model monitoring, implementation and forecasting for Retail Unsecured portfolio
Manage multiple stakeholders and relationships for different engagements of the team
Lead the remediation of model risk findings and establish strong process controls & governance related to monitoring and model production
Lead large-scale projects related to implementation, execution and monitoring of CECL, IFRS9, Basel and CCAR stress testing models
Lead and perform various complex activities related to predictive modeling. Provide analytical support for developing, evaluating, implementing, monitoring and executing credit and PPNR models across Retail Unsecured business verticals
Guide the team in developing dynamic dashboards
analyze key risk parameters to help understand changes in business and model performance
Identify opportunities for strategic and infrastructure projects. Design and deliver process improvements, standardization, rationalization and automations. Enhance and standardize performance analysis, reporting packages and business loss forecast processes
Requirements:
4+ years of quantitative model solutions or quantitative model operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
2+ years of leadership experience
4+ years of overall experience with 2+ years of leadership experience
Bachelors degree from a premier institute or Masters/PhD degree in quantitative fields such as applied mathematics, statistics, engineering, finance, economics, econometrics or computer sciences
4+ years of experience in credit risk analytics or credit risk modeling/monitoring role
Advanced programming skills in Python, SAS and SQL
Good exposure to business intelligence tools such as Tableau/PowerBI for dashboarding
Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Excellent verbal, written, and interpersonal communication skills
Strong ability to develop partnerships and collaborate with other business and functional areas
Knowledge and understanding of issues or change management processes
Experience in regulatory models for CCAR Stress testing, CECL, IFRS9, RRP, and Basel
Strong understanding of Retail Unsecured business
Ability to systematically probe, research, identify and analyze business problems using problem solving skills
Ability to lead high performing advanced quantitative analytics teams and stakeholder management
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