Quant Model Validation Consultant for Data Science

Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Department Overview:
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 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.

About the Role:

CMoR operates in a fast-paced work environment with continuously changing policies and technologies. The successful candidate is expected to be self- motivated, require minimal supervision, and produce work that is consistent with CMoR’s recognized high standards. Effective work will involve familiarity with source systems of record, analytical data and sampling plans, model replications, model performance assessments, and test model development as effective challenges to lines of business. It further requires strength in writing detailed standard analytical reports to ensure Wells Fargo’s compliance with governance policies and regulations. Each validation report will include assessments of the specific business, model purpose and history, the model methodology, data integrity, model development, performance, implementation, and monitoring. These documents are read by a broad audience, including auditors and regulators.

Responsibilities:

• Advanced Analytic Consultant 4 is an individual contributor role in the Decision Science and Artificial Intelligence (DSAI) Validation team within CMoR. In this role, the team member is responsible for validating and approving all marketing, retail credit scoring, commercial credit scoring, financial crimes, fair lending, and other artificial intelligence and machine-learning models.
• An Advanced Analytic Consultant 4 should have a deep academic knowledge, broad based approach to solutioning business problems. He/she should approach the problem agnostic of analytic technique, tool or process. Ability to think outside the box and provide ensemble solutions should set them apart to be a high performing team member
• This is role will also require to review reports of junior validators and also train team members on validation process and policies. This role will also require to provide thought leadership

Market Skills and Certifications

Essential Skills:

• 7-10 years of experience with minimum Masters/Phd in a quantitative field such as applied math, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis
• Strong mathematical, statistical, analytical and computational skills
• Strong communication skills for a variety of audiences (other technical staff, senior management and regulators) both verbally and in writing
• Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions
• Ability to work independently on complex model validations from start to finish
• Skill in managing relationships with key model stakeholders
• Eagerness to contribute collaboratively on projects and discussions
• Perpetual interest in learning something new, but being comfortable with not knowing the all the answers
• Attention to detail in both analytics and documentation
• Aptitude for synthesizing data to 'form a story' and align information to contrast/compare to industry perspective
• Intellectually curious, who enjoy solving problems.

Desired Skills:

• Hands on industry experience in building large scale end-to-end machine learning systems using a combination of big data tools and programming languages like Scala, Java and/or Python
• Knowledge of parallel and distributed computing frameworks such as Hadoop, Spark, MPI, using GPUs
• Experience in machine learning areas such as recommender systems, NLP, pattern recognition, predictive modeling, Artificial Intelligence.
• Experience implementing machine learning algorithms such as support vector machines, decision trees, logistic regression, clustering, neural networks, graphical models etc
• Data exploration and preparation using SAS, Spark, Python ,SQL or R or any statistical tool
• Working experience in financial model validation team would be added advantage
• Prepare detailed documentations for projects for both internal and external that complies regulatory and internal audit requirements
• Keep updated with the latest in the Data Science community and leverage new capability for the bank
• Knowledge of banking industry, terminologies and products in at least one of the LOB such as credit cards, mortgage, deposits, loans or wealth management etc.
• Knowledge of any functional area such as risk, marketing, operations or supply chain in banking industry.
• Instrumental in bringing new approaches to the table, create white papers and present in conferences

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.