About the Role:

As Business Analytic Consultant 2 you will be responsible for the quality, and completion of model validation to support business activities in areas of market risk , including Stress Testing (DFAST/CCAR) and Resolution Planning as applicable.

Responsibilities:

• 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-practice

Market Skills and Certifications

Essential Skills:

• 2+ years of capital markets experience, desk analyst experience, counterparty risk, valuation of financial instruments, forecasting of OTTI, OCI or a combination of these
• Degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred
• Experience in valuation if financial instruments including structured products

• Understanding of components of Counter Party risk measurement of financial instruments
• Strong understanding of financial markets and products; reporting of model use and performance
• Strong understanding of forecasting process and methodology for OTTI, OCI and PPNR or combination of these
• Knowledge of CCAR/MCST assumptions and evaluate methodology to forecast risk drivers for different asset classes
• Knowledge/experience with Basel RWA methodologies.
• Proficiency managing databases, spreadsheets and programming (understanding code and coding)

Desired Skills:

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