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Lead Risk Analytics Consultant

  • Data & Analytics
  • Full time
  • R-377705

About Wells Fargo

Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

Corporate Risk

As the company's second line of defense, Corporate Risk — or Independent Risk Management (IRM) — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.

About the role

Wells Fargo is seeking a skilled & proficient Risk Management professional for the Lead Risk Analytics Consultant role. The person in the role is responsible for conducting data-driven monitoring across various Operational Risk programs such as Risk & Control Environment, Issue Management, Operational Risk Events, Key Risk Indicators etc. The Lead Risk Analytics Consultant will support operational risk monitoring routines across various business lines and corporate functions within Wells Fargo and utilize the monitoring routines for effective operational risk oversight.

Primary Responsibilities:

  • Lead complex initiatives related to business analysis and modeling, including those that are cross functional, with broad impact, and act as key participant in data aggregation, monitoring, and reporting of stress testing and portfolio analysis for Risk Analytics
  • Review and analyze complex programing models to extract data and manipulate databases to provide statistical and financial modeling specific to businesses supported
  • Manage the roll out of pilot programs developed as a result of programmed models for supported businesses and product line
  • Make decisions in complex product strategies, data modeling, and risk exposure, requiring solid understanding of business unit projects and regulatory responses, policies, procedures, and compliance requirements that influence and lead Analytic and Reporting to meet deliverables and drive new initiatives
  • Collaborate and consult with peers, less experienced to more experienced managers, to resolve production, project, and regulatory issues, and achieve risk analysts, and common modeling goals
  • Lead projects, teams, and mentor
  • Provide an aggregate independent enterprise-wide view of risk monitoring activities (execution, delivery, and process management)
  • Create and maintain data-driven monitoring routines. Build automated alerting mechanisms to flag breaches based on pre-defined tolerance levels/risk appetite.
  • Conduct quantitative/statistical analysis to come up with thresholds to flag breaches for various risk metrics utilized for monitoring purpose.
  • Timely escalate concerning trends and conduct root cause analysis utilizing Risk and/or business data.
  • Create visual dashboards to easily drill down on various segments/risk types.
  • Provide oversight of the related control environments and provide a holistic perspective of the residual risk of the company.
  • Leverage technology tools to automate repeatable tasks to drive efficiencies/strengthen controls.
  • Build connections with the data and reporting teams across the enterprise, keep up with the data knowledge and influence data/reporting needs.
  • Guide and mentor other junior members on the team.

Required Qualifications:

  • 5+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

DESIRED QUALIFCIATIONS:

  • Goexperience in compliance, operational risk management (includes audit, legal, risk, compliance or the management of a process or business with accountability for compliance or operational risk), or a combination of both.
  • Ability to articulate complex concepts in a clear manner.
  • Ability to analyze using tools such as SAS, SQL, Python etc.
  • Advanced Microsoft Excel Skills
  • Experience in building automated data routines to understand outliers and anomalies.
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills.
  • Exposure to Wells Fargo Risk Framework
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization.
  • Experience with banking key risk indicators (KRIs), key performance indicators (KPIs), and/or risk appetite
  • Experience with risk management-related analysis, including thematic reviews.

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.

 Additional Details:

  • Work Location: Hyderabad & Bangalore
  • Shift Timings: 1:30 PM to 10:30 PM IST

Posting End Date: 

30 Jul 2024

*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.


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