Risk Specialist

• Participate and develop, implement and monitor risk based governance programs to identify, assess and mitigate risks across lines of business and risk domains in multiple risk categories

• Review moderately complex business, operational, or technical challenges that require an in depth evaluation of variable factors

• Provide oversight, develop, implement, monitor and challenge for corporate governance risk programs and manage reporting

• Utilize risk knowledge to issue resolutions for moderate to high risk companywide projects and initiatives

• Develop, implement, monitor and interpret, risk based governance programs, create new policies and guidelines

• Resolve moderately complex issues and lead team to meet risk area, projects and process deliverables, while leveraging solid understanding of the risk policies, procedures and compliance requirements

• Guide and direct the organization in terms of policies, effectiveness of companywide initiative execution, and reporting to the Board

• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals, may lead projects, teams or serve as a mentor

• Identify training opportunities, design and coordinate development of the training materials, deliver training

• Execute the Validation processes based on model risk supervisory guidance, Model Risk Management Policy and procedures, and current industry best-practices in one or more of the above-named areas. In particular:

  • Ensure credible challenge of models through validation process

  • Evaluate all relevant components of models and assess model soundness across lifecycle

  • Identify areas of weakness and work with model owners, risk partners, and other key stakeholders to ensure risk commensurate remediation

  • Demonstrate strong knowledge of subject matter area of focus, as well as sound validation and analysis techniques

  • Deliver high quality and timely validation reports combining intellectual rigor, analytical depth, and key model risk perspective

  • Support timely resolution of model weaknesses

• Follow reporting and escalation protocols of review results and follow up on identified risks/observations

• Continually work to improve efficiency, consistency, and quality of independent model validation

• Ensure all models within scope are independently validated per expected standards and schedule

• Build and maintain effective working relationships with key partners and stakeholders across Wells Fargo

• Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices

Required Qualifications:

• 4+ years of Risk Management experience (includes Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk, IT Systems Security, Business Process Management) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. 

• Desired Qualifications:

• License certifications in finance and risk such as CFA, FRM, preferred

• Understanding of model risk supervisory guidance and model validation requirements for large and complex institutions, across geographies

• Knowledge of Wells Fargo systems and process, and industry standard practices for CCAR/DFAST, RRP, etc.

• Degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred

• 5+ years of experience model validation /model implementation/ model development in financial risk across any area

• Strong analytical skills with high attention to detail and accuracy

• Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny.

• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

• Technical or academic writing skills and experience

• Excellent communication skills and experience in building and maintaining partnerships, collaborating across lines of business as well as with corporate partners

• Proficiency managing databases, spreadsheets, or programming (understanding code and coding including one or more of SAS, Python, R, VBA, C, Java, or C++)