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Enterprise Risk Consultant 4 - Functional Model Oversight

Company: Wells Fargo Bank
Location: West Des Moines
Posted on: November 23, 2019

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. - In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.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.This Enterprise Risk Consultant 4 will play an important role in Wells Fargo's model risk management by contributing to oversight for the areas of Liquidity Risk, Capital Planning, Operational Risk Capital, Financial Planning and Financial Performance Management. This position will be a part of the Treasury & Corporate Finance Oversight (TCFO) team and will be a part of the Corporate Functional Model Oversight (CFMO) function for all TCFO oversight areas in concert with subject matter experts within the team. In particular, this position will focus on liquidity risk models.Responsibilities for this position will include, but not be limited to, the following: -

  • Provide CFMO coverage for quantitative and qualitative models across all oversight areas previously mentioned. This includes such responsibilities as review and challenge of model changes, model exceptions, risk ranking changes, performance monitoring plans and results.
  • In collaborations with the liquidity SMEs on the team: Assist in the effort to credibly challenge internal liquidity stress test assumptions at the enterprise level.
  • Assess rationales and approaches designed and implemented by the front line to comply with regulatory requirements in areas such as the LCR, RLAP, and RLEN to identify risks and opportunities.
  • Perform an independent assessment of inputs, assumptions, and judgment within models
  • Lead challenge meetings with the Front Line and present results of review and challenge to Senior Management, Committees, and Wells Fargo Audit as necessary.
  • Collaborate with Corporate Model Risk to ensure continued compliance with the Model Risk Policy as the independent risk management function for oversight areas previously mentioned.
  • Build and maintain effective working relationships with the Front-Line, other IRM, Wells Fargo Audit and Regulatory stakeholders.
  • Maintain an independent and informed opinion regarding the current model risks of the Company as well as regulatory guidance.

    Required Qualifications
    • 8+ years of experience in one or a combination of the following: finance, risk, or audit

      Desired Qualifications
      • Excellent verbal, written, and interpersonal communication skills
      • Strong analytical skills with high attention to detail and accuracy
      • Advanced Microsoft Office (Word, Excel, and Outlook) skills
      • Ability to coordinate completion of multiple tasks and meet aggressive time frames
      • Ability to take initiative and work independently with minimal supervision in a structured environment

        Other Desired Qualifications
        • Experience with treasury liquidity management and financial performance analysis experience in either a direct or support capacity
        • Understand model risk supervisory guidance, Model Risk Management Policy, EUCT Policy and current industry best-practices
        • Ability to analyze quantitative and qualitative data
        • Work independently with the ability to identify concerns and appropriately challenge as needed
        • BS/BA degree or higher in a quantitative discipline



          Street Address
          NC-Charlotte: 401 S Tryon St - Charlotte, NC
          MN-Minneapolis: 600 S 4th St - Minneapolis, MN
          IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA


          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, Ames , Enterprise Risk Consultant 4 - Functional Model Oversight, Accounting, Auditing , West Des Moines, Iowa

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