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Lead Risk Analytics Consultant

About this role:

Wells Fargo is seeking a Lead Risk Analytics Consultant...

About the role

The Consumer Credit team is responsible for leading, developing and implementing strategic initiatives and processes to drive the company credit culture, appetite, and business performance. The team is seeking a highly motivated and talented individual to be part of the Application Fraud risk team.

Primary role of the consultant is to apply strong business knowledge and advanced analytical skills to solve business questions, think out-side-of-the-box and develop innovative yet practical risk management strategies impacting the bottom line of the business. An individual who is results driven, goal oriented, and enjoys a fast-paced working environment will find this opportunity both challenging and exciting.

Responsibilities

  • The incumbent would functionally contribute as an SME to the Consumer Application Fraud risk team and lead large and complex projects.
  • Provides credit risk governance across assigned a specific business or functional role.  Leads significant initiatives and processes, and partners with line of business management to drive the company credit culture, appetite, and business performance. Acts as a subject matter expert for executive leadership on highly complex issues.
  • Assesses and predicts risk and performance through business analysis and/or modeling.  Establishes effective policies, processes, and tools to identify and manage risks. Uses predictive sciences for developing future ready solutions.
  • Leads or assists in development of predictive strategies / solutions for new account acquisitions fraud team across third- and first-party fraud. Analyzes big data and understand / monitor trends to provide actionable insights across a range of risk analytics initiatives.
  • Develop new and enhance existing models for managing fraud risk, payment risk, credit bust outs, credit abuse. Evaluate new data sources and attributes, internal and external from extensive case reviews for efficacy in models.
  • Builds risk rating methodologies using advanced analytics approaches including statistical modeling and machine learning techniques, not limited to Random Forest, Decision Trees, Segmentation, and/or Time-series modeling. Expert in statistical softwares such as SAS, SQL, Python, E-miner, among others.
  • Develops comprehensive monitoring frameworks and dashboards and provide statistically sound diagnostic evaluation of any emerging or unexpected risk areas to enhance intelligence and facilitate faster decision making. Reports on asset quality, portfolio trends, credit policy exceptions across various credit, vintage, product, offer, channel, industry segments using visualization tools such as Excel VBA, Tableau and/or SAS Visual Analytics.
  • Leads implementation of complex initiatives with moderate to high risk for the line of business
  • Lead project teams and may mentor but does not manage other team members.

Required Qualifications

  • Bachelor’s degree or higher in a quantitative field such as applied mathematics, statistics, engineering, finance, economics, econometrics or computer sciences
  • 8+ years of progressive experience in credit and risk analytics roles
  • Hands on Experience in at least one area in credit/fraud risk analytics - credit strategy / modeling techniques / fraud analytics
  • Detailed understanding of risk domain; Strong Risk analytics skills and understanding of P&L and risk drivers.
  • Expertise in few programming and statistical packages - SAS, SQL, VBA, Macros, R, Python, E-miner, Tableau, SAS VA
  • Knowledge of advanced statistical tools such as Segmentation Tools, Decision Trees, Clustering, Regression, and other statistical modeling and/or Machine Learning techniques
  • Ability to lead project teams and coordinate with multiple stakeholders.

Desired Qualifications:

  • Advanced degree in statistics/finance /engineering/economics/other quantitative disciplines
  • Knowledge and understanding of (consumer and small business loan) credit card lending practices, policies, and procedures
  • Ability to contribute to strategic decisions and coordinate with multiple stakeholders. Develop consensus and gain buy-in for strategic priorities
  • Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Strong ability to develop partnerships and collaborate with other business and functional area

@RWF23

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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.


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