At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company. Wells Fargo Bank N.A. seeks a Senior Quantitative Analytics Specialist in Charlotte, NC. Job Role and Responsibility: Completing model validations independently, timely, and effectively under firm’s model risk management policies, regulatory guidance, and industry best practices. Reducing model risk to meet or exceed regulatory and industry standards with effective challenges to business models in the areas of developmental data, framework, assumptions, specification, and implementation. Identifying model weaknesses with keen understanding of industry best practices and tradeoffs between different approaches. Communicating model issues and limitations clearly and effectively to key stakeholders in both validation reports and model forums. Working with stakeholders to resolve validation findings and review mitigating controls over limitations. Contributing to the improvement of validation processes by developing and improving standards and procedures. Contributing to test automation and efficiency gain. Interfacing actively with senior management and key stakeholders on key modeling issues, weaknesses of the processes or procedures, and driving toward practical solutions. Engaging effectively with model developer with respect to model risk identification, risk monitoring and risk mitigation. Telecommuting is permitted up to 2 days a week. Position must appear in person to the location listed as the work address. Travel required: None Required Qualifications: Position requires a Master’s degree in Mathematics, Statistics, Engineering, physics, Mathematical Finance, Quantitative Economics, Computer Science, or related technical field and four (4) years of experience in the job offered or in a related quantitative analytics role. Alternatively, will accept a Doctorate (Ph.D.) in Mathematics, Statistics, Engineering, Physics, Mathematical Finance, Quantitative Economics, Computer Science, or related technical field and two (2) years of experience in the job offered or in a related quantitative analytics role. Specific skills required: Stochastic modeling experience; Financial derivatives pricing; Numerical methods: Monte Carlo simulation, Partial Differential Equations, Optimization; Stochastic calculus; Financial markets, and regulatory environment; Writing and communication: able to summarize complex concepts in front of diverse audience; Programming skills: Python, C or related. Posting End Date: 14 Jun 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. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. 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 & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo For questions on how to search and apply, visit our frequently asked questions.