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Credit Risk Analytics Consultant 4 - Qualitative Model Validation

Company: Wells Fargo Bank
Location: Scappoose
Posted on: December 5, 2019

Job Description:

Job Description
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.Corporate Model Risk: -- Wells Fargo------s Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across the enterprise). This oversight extends to all phases of a model------s life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.Qualitative Model Validation: -- The Qualitative Model Validation group is responsible for validating and approving all qualitative models used across Wells Fargo including Credit, Liquidity, Market, Operational, Pre-Provision Net Revenue (PPNR), Finance, Balance Sheet, and Financial Crimes to name a few. The team------s responsibilities include performing model validations (independent reviews, writing validation reports, and approving model usage), annual reviews, performance monitoring, and issue management. The team works closely with model users, developers, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process.The Role: -- The Qualitative Model Validator -- responsible for the quality, and completion of model validation to support business activities in areas of Retail Credit Risk, including Stress Testing (DFAST/CCAR) and Resolution Planning as applicable. Specifically this individual will have responsibility to:Execute the Validation processes for his/her area of specialty in accordance to applicable Policies, in particular:

  • Ensure credible challenge of models through validation process.
  • Evaluate all relevant components of models and assess model soundness across lifecycle as applicable
  • Identify areas of weakness and work with Model Owners, CFMO, and other key stakeholders to ensure risk commensurate remediation,
  • Ensure timely validation delivery
  • Establish reporting and escalation protocols of review results and follow up on identified issues/observations.
  • Continually work to improve 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 LOB Model Governance, Model Owners, Model Program team members, and CFMOs across Wells Fargo.
  • Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practicesThis leader will have substantial experience in the areas of retail credit risk and modeling to facilitate credible challenge of the processes/models and to develop the skills of the validation team. Successful candidates will be articulate and capable of building collaborative working environments including leading process improvement projects.

    Required Qualifications
    • 7+ years of risk reporting experience, risk analytics experience, or a combination of both
    • 3+ years of leadership experience

      Desired Qualifications
      • Knowledge and understanding of technology testing: design and coding
      • Strong analytical skills and ability to solve complex technical problems
      • Strong analytical skills with high attention to detail and accuracy
      • Ability to motivate staff to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
      • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
      • Excellent verbal, written, and interpersonal communication skills
      • Knowledge and understanding of regulatory compliance requirements surrounding BASEL, Risk Appetite and stress testing

        Other Desired Qualifications
        • Proficiency managing databases, spreadsheets, and programming (understanding code and coding).
        • Understanding of consumer (retail) credit risk products/structures and key drivers
        • Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny
        • Expertise in processes related to Basel, allowance, business loss, and CCAR/ stress test loss forecasting
        • Development of credit retail or wholesale strategies across credit lifecycle
        • Experience with loss forecasting associated models and processes (e.g., construction, testing, and implementation), especially in credit loan loss processes in the financial industry.
        • Experience with Credit metrics of risk: Debt coverage, financial metrics, FICO, LTV, Credit Scores, etc.
        • Credit risk tool development or validation experience, especially in areas related to Basel, allowance, and stress testing

          Job Expectations
          • Ability to travel up to 5% of the time

            Disclaimer

            All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

            Relevant military experience is considered for veterans and transitioning service men and women.
            Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo Bank, Portland , Credit Risk Analytics Consultant 4 - Qualitative Model Validation, Other , Scappoose, Oregon

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