Senior Lead Quantitative Analytics Specialist - Internal Audit

Wells Fargo | New York, NY

Posted Date 12/12/2024
Description

About this role:

Wells Fargo Internal Audit is seeking a skilled and experienced Senior Lead Quantitative Analytics Specialist to provide audit coverage of models/model risk management with a focus on, but not limited to, compliance, fraud, and artificial Intelligence/machine learning (AI/ML) models used by the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach for compliance, fraud, and AI/ML models. *This is an individual contributor role with supervisory/leadership responsibility.


In this role, you will:

• Provide leadership and credibility in the third line of defense challenge of modeling practices in the company, focusing on compliance, fraud, and AI/ML models. This includes evaluation of development documentation, validation activities, and ongoing monitoring.

• Plan, execute, and lead model audit engagements and technical reviews of models.

• Serve as subject matter expert to Wells Fargo Internal Audit staff, senior management, and business partners on regulatory expectations, model risk policy, and current industry modeling practices pertaining, but not limited to, compliance, fraud, and AI/ML models.

• Develop knowledge of business areas using compliance, fraud, and AI/ML risk models.

• Produce quality audit deliverables suitable for senior management and external distribution.

• Communicate findings and conclusions verbally and in writing to key stakeholders.

• Build and maintain relationships with internal and external stakeholders.

• Develop an understanding of Wells Fargo audit methodology and policy.

• Train, mentor, and provide direction to junior team members and support their development.

• Work effectively independently and within a team.

• Champion opportunities and recommendations for process improvement and innovation.


Required Qualifications:

  • 7+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science


Desired Qualifications:

  • A PhD in a quantitative discipline
  • Working knowledge of SR 11-7 and OCC 2011-12 supervisory guidance, Unfair, Deceptive, or Abusive Acts and Practices (UDAAP), Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) Sanctions, and Know Your Customer (KYC)
  • 5+ years of experience in the development, validation, or auditing of compliance, fraud, and AI/ML models in the financial services industry, preferably with a large bank
  • Hands-on knowledge and experience with Python, C/C++/C#, SQL, R, Matlab, SPlus, Gauss, or SAS
  • Experience in data analysis Natural Language Processing (NLP) and text analytics algorithms
  • Ability to work independently with little or no direction
  • Attention to detail in both analytics and documentation
  • Demonstrated ability to lead junior team members
  • Ability to execute in a fast paced, high demand environment while balancing multiple priorities
  • Strong interpersonal skills and demonstrated persuasion, negotiation and influencing skills
  • Excellent technical, non-technical, and executive verbal and written communication skills
  • Strong professional and work ethics

Job Expectation:

  • Ability to travel up to 5% if needed
  • This position does not offer Visa sponsorship
  • Hybrid work schedule


Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$173,300.00 - $359,900.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

  • Health benefits
  • 401(k) Plan
  • Paid time off
  • Disability benefits
  • Life insurance, critical illness insurance, and accident insurance
  • Parental leave
  • Critical caregiving leave
  • Discounts and savings
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement

Posting End Date:

26 Dec 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.

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.

Salary173,300.00 - 359,900.00 Annual

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