Lead Quantitative Analytics Specialist - Capital Markets (Model Risk Audit)

About this role:
Wells Fargo Internal Audit is seeking a skilled Lead Quantitative Analytics Specialist to provide audit coverage of models used to support the trading, investment, and mortgage servicing right portfolios (and associated risk management activities) across the organization. This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as mortgage banking, market risk, trading products, counterparty credit risk, and wealth & investment management. The individual will play an instrumental role in the ongoing auditing of models used to meet the regulatory requirements of Basel, CCAR, and the Market Risk Rule.
In this role, you will:

• Execute model audit engagements and technical audit reviews of models. Provide credible challenge within the third line of defense auditing of modeling practices in the company. This includes evaluation of development documentation, validation activities, ongoing monitoring.
• Serve as subject matter expert to Wells Fargo Internal Audit staff, senior management, and business partners on regulatory expectations, model risk policy, and current industry modeling practices.
• Produce quality deliverables suitable for senior management and external distribution.
• Communicate testing findings and conclusions verbally and in writing to key stakeholders.
• Build and maintain relationships with internal and external model stakeholders.
• Understand model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise.
• Develop an understanding of Wells Fargo audit methodology and policy.
• Develop business knowledge of capital market related modeling areas.
• Work effectively independently and within a team.
• Champion opportunities and recommendations for process improvement.

Required Qualifications:

• 5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science

Desired Qualifications:

• A PhD in a quantitative discipline.
• 4+ years of experience in the development, validation, or auditing of interest rates, derivative pricing, market risk, or counterparty risk models in the financial services industry, preferably with a large bank.
• Capital markets and derivatives: knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS), capital market structures, market risk management practices, and general derivative pricing theories.
• Quantitative and numerical methods skills: solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies.
• Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel - FRTB.
• Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills.
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities.
• Strong organizational, multitasking, and prioritizing skills.
• Good analytical skills with high attention to detail and accuracy.
• Excellent verbal, and written communication skills, ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background.
• Demonstrated ability to lead junior team members
• Strong work and professional ethics.
• Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS

Job Expectation:

• This position is not eligible for Visa sponsorship
• Hybrid work schedule
• Ability to travel up to 10%

Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$159,000.00 - $305,000.00
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:
15 Sep 2025
* 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.