Model Risk Audit Director

About this role:

Wells Fargo is seeking a Model Risk Audit Director (Quantitative Analytics Director) to lead the Model Risk Audit Team. This individual will provide leadership in the audit coverage of Wells Fargo's model risk management activities across the first and second lines of defense functions. The Model Risk Audit Director will be accountable for the strategy for, and execution of, auditing the firm's modeling related activities.

In this role, you will:

• Manage a team of audit staff responsible for delivering against the annual Model Risk Audit Plan

• Assess associated risks and controls and complete engagements within the Model Risk Audit Plan

• Strategically evaluate and enhance the audit strategies related to model risk and the adoption of generative and agentic artificial intelligence across the organization

• Plan and organize work in an annual cycle, not just the project cycle

• Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance

• Represent the Model Audit team on the Internal Audit Artificial Intelligence Working Group

• Build and maintain a proficient team of auditors

• Provide timely feedback, coaching and monitoring of development plans

• Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies

• Manage allocation of people and financial resources for Audit

• Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications:

• 8+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 4+ years of management or leadership experience

• 3+ years of audit experience

• Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science

Desired Qualifications:

• Extensive experience with executing and/or providing audit coverage of model risk management activities within financial institutions

• Strong understanding of model risk regulatory requirements/expectations, including SR26-2 and SR15-18

• Familiarity with model risk and control expectations for generative and agentic artificial intelligence

• Ability to identify and articulate verbally, and within written reports, gaps or deficiencies in the control environment, risks that need to be mitigated and why, and propose solutions for remediation

• Experience managing direct reports to execute an annual audit plan

• Solid knowledge and understanding of audit or risk methodologies and supporting tools

• Strong understanding of financial regulatory environment

• Certification in one or more of the following: CQF, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation

• Experience leading and providing feedback to staff on audit projects or engagements

• Experience with Issue Validation and Remediation

• Excellent verbal, written, and interpersonal communication skills

Job Expectations:

• Ability to travel up to 10%

• This position is not eligible for Visa sponsorship

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.