Senior Quantitative Analytics Specialist
Wells Fargo · Bengaluru · onsite · Posted 36d ago
Undisclosed4–9 yrsfulltimeSourced from
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About this role
Job Summary
Wells Fargo is seeking a Senior Quantitative Analytics Specialist
Responsibilities - Perform highly complex activities related to creation, implementation, and documentation
- Use highly complex statistical theory to quantify, analyze and manage markets
- Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives
- Utilize structured securities and provide expertise on theory and mathematics behind the data
- Manage market, credit, and operational risks to forecast losses and compute capital requirements
- Participate in the discussion related to analytical strategies, modeling and forecasting methods
- Identify structure to influence global assessments, inclusive of technical, audit and market perspectives
- Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills
- 4+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Bachelor's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
- Enhance Deposit modeling framework effectively ensuring consistency in modeling methodologies, Annual/Semi-Annual validations and Audit- tracking thereby ensuring controlled model risk
- Contribute to the banks balance sheet and income statement modeling methodologies in support of asset liability management (ALM), FPA and capital planning by capturing interest rate risk in the banking book (IRRBB) by EVE
- Responsible for steering stakeholder conversations of user review and model challenge sessions with Business, Finance, Treasury and Model Risk Management for signoffs on Champion Challenger models
- Conduct econometric and statistical analysis of time series and panel data sets
- Knowledge on Python/R/SAS is must
- Knowledge on model life cycle (development, monitoring, implementation and forecasting) and its intricacies are good to have
- Should possess strong documentation capabilities which would effectively convey complex models and processes
- Communicate design and results of complex models to a variety of audiences, including senior management, bank supervisors, Model Governance, Internal Audit and LOB end users
- Coordinate with business partners, including forecasting teams, and end users to ensure accurate model usage and implementation
- Adhere to model validation governance to ensure models are following policy and are working as intended, address model validation and regulatory feedback issues
- Solving model development and model analytics/forecasting challenges in python with quick turn arounds
- Master's degree or higher in a quantitative field such as Statistics/Economics
- 4+ years of experience in Deposit PPNR, Treasury Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of experience in Deposit balance sheet modeling and treasury/liquidity analytics in support of asset liability management (ALM), FPA and capital planning by capturing interest rate risk in the banking book (IRRBB) by EVE
- 4+ years of advanced programming expertise in SAS or Python or R
- Strong documentation and project management capabilities with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Excellent verbal, written, and interpersonal communication skills
- Strong ability to develop partnerships and collaborate with other business and functional areas
Sourced from naukri
Skills
AlmModel RiskmathematicsFinancial CrimesInterest Rate RiskCCARAnalyticsliability managementBankingInternal AuditCommunication SkillscomplianceCustomer RelationshipsfinanceModel DevelopmentForecastingBalance Sheet
About Wells Fargo
Wells Fargo
Financial Services
20k+
employees
1852
174 years old
Bengaluru/Bangalore, Karnataka
India
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Wells Fargo works to create positive social impact in the communities it serves by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
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Financial Services
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