Wells Fargo Enterprise Risk Manager 3 - Qualitative Model Validation Lead in Minneapolis, Minnesota

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.

Qualitative Model Validation: The Qualitative Model Validation group is responsible for validating and approving all qualitative models used across Wells Fargo including Credit, Liquidity, Market, Operational, PPNR, Finance, Balance Sheet, Financial Crimes, to name a few. The responsibilities include performing and managing team conducting model validation (performing independent testing for validation, writing validation reports, and approving model usage), annual review, performance monitoring, and issue management. The team works closely with model users, developers, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process.

The Role: The Qualitative Model Validation Lead is responsible for the quality, coordination and completion of model validation to support business activities in areas of expertise (i.e.: Liquidity/Capital Planning, operational risk, Financial Crimes, etc), including Stress Testing (DFAST/CCAR) and Resolution Planning as applicable.

Specifically this individual will have responsibility to:

  • Develop and execute the Validation processes for his/her area of specialty in accordance to applicable Policies, in particular:

  • Ensure credible challenge of models through validation process.

  • Evaluate all relevant components of models and assess model soundness across lifecycle as applicable

  • Identify areas of weakness and work with Model Owners, CFMO and other key stakeholders to ensure risk commensurate remediation,

  • Ensure timely validation delivery

  • Establish a collaborative, diverse and inclusive environment within the validation team as well as among model user, developers, and oversight functions.

  • Focus on creating an engaging environment for team development

  • Manage team capacity and staffing to guarantee all policy related deliverables are completed with high quality.

  • Drive innovation to improve effectiveness and efficiency of model validation and annual review.

  • Manage cross-functional stakeholders and relationships to improve effectiveness of his/her area.

  • Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices.

  • Interact with Regulators, Audit and any other review and control functions as necessary

The Team: This position will lead directly a team of approximately 4+ team members both on and offshore. The team capacity plan will adjust as the Qualitative Model Risk Management Program is developed.

*The Candidate: * This leader will have substantial experience in his/her area of specialty to facilitate credible challenge of the processes/models and to develop the skills of the validation team. Successful candidates will be articulate and capable to build collaborative working environments even when discussing areas of improvement.

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.

  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

Required Qualifications:

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

  • 5+ years of management experience

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=5418879&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.