Wells Fargo Hiring for Pricing Model Developer at Bengaluru, Karnataka Full Time

Full Job DescriptionAbout Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview:
Corporate Model Risk: Wells Fargo’s Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across enterprise). This oversight extends to all phases of a model’s life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.

About the Role:
CMoR operates in a fast-paced work environment with continuously changing policies and technologies. The successful candidate is expected to be self- motivated, require minimal supervision, and produce work that is consistent with CMoR’s recognized high standards. Effective work will involve familiarity with source systems of record, analytical data and sampling plans, model replications, model performance assessments, and test model development as effective challenges to lines of business. It further requires strength in writing detailed standard analytical reports to ensure Wells Fargo’s compliance with governance policies and regulations. Each validation report will include assessments of the specific business, model purpose and history, the model methodology, data integrity, model development, performance, implementation, and monitoring. These documents are read by a broad audience, including auditors and regulators.

Responsibilities:
An Advanced Analytic Consultant 3 is an individual contributor role in the Capital Markets Track. This team deals with developing and validating mathematical models for pricing and hedging complex financial instruments. We use traditional and cutting-edge techniques in applied and computational mathematics to assess and validate models.

An Advanced Analytic Consultant 3 should have a deep academic knowledge, broad based approach to solve business problems. He/she should approach the problem agnostic of analytic technique, tool or process. Ability to think outside the box and provide ensemble solutions should set them apart to be a high performing team member

Market Skills and Certifications

Essential Skills:
5-8 years of experience with minimum Masters/Phd in a quantitative field such as applied math, statistics, engineering, physics, or mathematical finance.

Performing mathematical model validation using Python, C++, R, and SQL or other programming languages and mathematical/statistical packages

Producing required documentation to substantiate model validation

Analyzing processes and work flows to make recommendations for process improvement in various risk management and/or business areas as well as participating in and leading model risk projects.

Desired Skills:
Strong mathematical, statistical, analytical and computational skills

Strong communication skills for a variety of audiences (other technical staff, senior management and regulators) both verbally and in writing

Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions

Ability to work independently on complex model validations from start to finish

Able to demonstrate first-hand knowledge of advanced topics in various mathematical and numerical methods such as Monte Carlo, stochastic calculus, differential equations, linear algebra, applied probability, and statistics;

Skill in managing relationships with key model stakeholders

Eagerness to contribute collaboratively on projects and discussions

Perpetual interest in learning something new, but being comfortable with not knowing the all the answers

Attention to detail in both analytics and documentation

Aptitude for synthesizing data to ‘form a story’ and align information to contrast/compare to industry perspective

Intellectually curious, who enjoy solving problems

Excellent programing skills and use of software packages such as C++, Python, R, SAS and SQL

Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Good interpersonal skills and ability to develop partnerships and collaborate with other business and functional areas

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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