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Wells Fargo is seeking a Quantitative Analytics Director to lead the Deposits Modeling team within BSIRRM, owning the development and implementation of quantitative deposits models. This role will report to the Head of BSIRRM and manage a team of analysts with responsibility to lead model development that is used in the management of the company’s interest rate risk profile. This role requires experience in predictive modeling and data analysis to develop quantitative models to capture behavioral features of deposits products in dynamic rate and macroeconomic conditions. The models are used to forecast deposits balance, attrition and rate sensitivity to inform the actions to optimize NII and the company’s interest rate risk profile.
Job Responsibility:
Lead and manage a team responsible for development and management of deposits balance forecasting, attrition and rate repricing models in Balance Sheet management (ALM)
Communicate design and results of complex models to diverse audience, including senior management, bank supervisors, Model Risk Management (MRM), Financial Risk Management (FRM), and Internal Audit
Manage adherence to model validation governance ensuring models are in compliance with respective policies and performance standards
Drive a streamlined, scalable, and aligned operational risk framework that supports strategic priorities
Support high-impact strategic projects and initiatives, ensuring timely delivery of results that align with BSIRRM’s business objectives
Monitor and report on progress, risks, and issues, providing regular updates to senior leadership and other stakeholders
Collaborate with BSIRRM leader and management team to define and execute critical and strategic initiatives. Track progress against key objectives and ensure alignment across department
Lead groups responsible for creation, implementation, validation, and ongoing maintenance
Analyze models, manage markets, credit, counterparty, and operational risks
Identify opportunities and strategies for analytics and data science through experienced managers and business strategies
Recommend and implement strategies for developing and utilizing model resources to predict, improve fundamentals and new initiatives
Manage teams of highly skilled quantitative analysts in mathematical or scientific disciplines and managers of such groups
Requirements:
8+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of management or leadership experience
Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science
Nice to have:
PhD in a quantitative discipline
Experience with Deposit modeling, Asset Liability Management, Funds Transfer Pricing, Stress Testing, and Forecast/Planning
Knowledge of programming in Python, SAS, R, and SQL
Experience with modeling techniques such as regularization (e.g. LASSO), Error-correction models, ARIMA, discrete-time survival models, and Panel regressions
Experience with regulatory requirements surrounding the management of model risk, interest rate risk, liquidity, and capital
Knowledge of financial institution balance sheet, product offerings, and financial risk management
Familiarity with concepts behind money supply and demand, as well as understanding of interest rate and yields curve models
Proven track record of leading complex projects and driving organizational change
Excellent leadership, communication, and interpersonal skills.
Ability to work effectively with cross-functional teams and manage multiple priorities
Ability to thrive in a fast-paced, dynamic environment
Ability to build relationships with key stakeholders at all levels of the organization
High EQ and comfortable influencing all levels of the organization