About this role:
Wells Fargo is seeking a talented Model Risk Manager to lead model risk management for fraud models. This includes origination fraud, transaction and payment fraud, cyber fraud, call center fraud, and check transaction fraud for different business portfolios, e.g., mortgage, consumer credit card, ATM/debit, deposit accounts, digital accounts, merchant, and mobile/browser, etc. This role reports to the Group Model Risk Officer within the Enterprise Model Risk Management of Wells Fargo.

In this role, you will:

• Manage a team of highly skilled quantitative and qualitative analysts, responsible for end-to-end model risk management across the model lifecycle.
• Formulate structures and processes to help the teams to transition from a validation centric role to a model risk management centric function.
• Develop, maintain, and ensure adherence to model risk management frameworks, policies, procedures, and supplemental guidance.
• Identify opportunities and implement strategies for enhancing validation quality and efficiency.
• Advocate industry best model development and validation practices.
• Collaborate with stakeholders across the enterprise, including model development teams, model users, model owners internal audit, and other corporate risk disciplines.
• Represent Model Risk Management in regulatory exams for covered modeling area.
• Exercise usual authority of an experienced manager.
• Manage allocation of people and financial resources. Develop and guide a culture of talent development to meet business objectives and strategy.

Required Qualifications:

• 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 experience
• Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science

Desired Qualifications:

• A Ph.D. in a quantitative field such as Mathematics, Statistics, Engineering, Physics, Mathematical Finance/Economics or Computer Science.
• Previous model development or validation experiences on fraud models
• A wide knowledge of approaches for a wide range of modeling techniques and uses, in-depth knowledge of AI and ML methodologies.
• Excellent verbal, written, and interpersonal communication skills, with an ability communicate to non-technical audience and present to senior leaders.
• Strong organizational skills, attention to detail, ability to work as a member of a broader team, and ability to adhere to strict deadlines in a fast-paced environment.
• Demonstrated ability to actively lead projects/discussions, work through problems and reach decisions that are in the best interest of the function and the Company.
• Experience working in large financial firms.

Job Expectations:

• This position is eligible for Visa sponsorship.
• Ability to travel up to 15% of the time.
• This position offers a hybrid work schedule.
• Willingness to work on-site at stated location on the job opening.

Job Posting Locations:

• 401 S Tryon St Charlotte, NC
• 600 S 4th St, Minneapolis, MN
• 1753 Pinnacle Dr, MCLEAN, VA

Posting End Date:

*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 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.