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Wells Fargo Analytic Consultant 4 - Statistical Analyst in Irvine, California

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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company

Wells Fargo Compliance is the company’s compliance independent risk management function, providing company-wide leadership, standards, support, and independent oversight to ensure that all front-line business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

This Analytic Cons 4 role is part of the Compliance Technology & Analytics, Bank Monitoring and Surveillance (BMS) team at Wells Fargo. This team is tasked with administering and expanding a new High Performance Analytics (HPA) environment consisting of complex financial crimes detection models that consume large volumes of data (Big Data) and an advanced computation environment with multiple Terabytes of memory (SAS LASR).

This individual will be experimenting with newer approaches to improving anomaly detection scenarios at the enterprise level. This resource will also interact with the Model Development Center of Excellence for developing the next generation of quantitative and qualitative models.

Specific Responsibilities are as follows:

  • Enhanced the Bank’s statistical scenario rules to automatically detect potential Money Laundering activities.

  • Leverage SAS and SQL on a daily basis to conduct analysis, reporting and research.

  • Support the model monitoring program with the following:

o Construct and maintain meaningful KPIs, with performance bounds along with remedies when KPI bounds are breached

o Update the quarterly monitoring program document with updated KPIs and commentary.

o Identify areas needing further testing and research to address model performance issues.

  • Plan and help implement improvements, modifications to the existing modeling environment and to help address model performance issues.

  • Periodically support model tuning efforts and additional testing.

  • Support our model governance process with the following:

o Conduct research and testing of model performance

o Document procedures and findings to support audit request.

o Respond to inquiries and requests from audit, examiners, and business leaders

o Enhance model controls

o Support Corporate model risk target state validation exercise.

Responsible for very complex partner assignments to identify and define strategic business issues that require analyses and translates this information into insight, knowledge and understanding of the business and the industry. Consults and performs very complex analyses/ analysis design involving data mining from multiple sources and/or predictive modeling, regression/multivariate, financial, comparative analysis, customer/demographic analysis, etc. Analytics involved generally span multiple functional areas/business lines/data sources. Responsibilities also include identifying opportunities for additional statistical models and/or creating sophisticated computer modeling approaches to analyze and forecast business performance; participating in and/or leading management information capabilities development work; interpreting and presenting results of analyses and recommendations to senior management. Ensures adherence to data management/data governance regulations and policies. Data involved may be very large, structured or unstructured, and from multiple sources. To a certain degree, may be involved directly or indirectly in the technical build-out and/or support of databases, query tools, reporting tools, BI tools, dashboards, etc that enable analysis, modeling, and/or data visualization.

Preferred locations are Charlotte, NC or San Francisco, CA but open to other locations across the U.S.

Required Qualifications:

  • 6+ years of experience in one or a combination of the following: reporting, analytics, or modeling; or a Masters degree or higher 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 and 4+ years of experience in one or a combination of the following: reporting, analytics, or modeling

Desired Qualifications:

  • Extensive knowledge and understanding of research and analysis

  • Strong analytical skills with high attention to detail and accuracy

  • Excellent verbal, written, and interpersonal communication skills

  • SQL experience

  • Data modeling experience

  • Knowledge and understanding of Big Data

  • Ability to interact with integrity and a high level of professionalism with all levels of team members and management

  • SAS experience

  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5459307&PostingSeq=1.

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.

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.

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