Quantitative Analytics Director - Executive Director - Model Risk Management for Financial Crimes, Fair Lending and Compliance

About this role:
Wells Fargo is seeking a Quantitative Analytics Director / Model Risk Officer for oversight of models in the Financial Crimes, Fair Lending and Compliance risk areas.
Model Risk Management (MRM): Model Risk Management is responsible for validating and monitoring models, independently overseeing the management of model risk exposures across the enterprise, including governing, monitoring, and reporting on aggregate model risk exposures. This oversight extends to all phases of a model's life cycle, including model identification, development, validation, implementation, resolution of model risk findings, model usage, performance monitoring, documentation, and retirement.
Financial Crimes, Fair Lending and Compliance team: this team oversees model risk in Financial Crimes, Fair Lending and other Compliance models. Financial Crimes models include transaction monitoring, customer risk rating and sanction screening, etc. The responsibilities of this team include end-to-end model risk management over the model lifecycle including risk tiering, validation, and performance monitoring, etc. This role reports to the Decision Science and Artificial Intelligence (DSAI) Group Model Risk Officer within Enterprise Model Risk Management of Wells Fargo.
This highly visible position requires strong risk management and technical expertise, along with the ability to build strategic partnerships across the enterprise. Effective communication with technical staff, senior management, auditors, and regulators is crucial. The role operates in a fast-paced environment, necessitating multitasking and meeting strict deadlines to ensure policy adherence and effective model risk management.
Learn more about the career areas and lines of business at wellsfargojobs.com
In this role, you will:

• Manage a team of highly experienced model risk professionals, both individual contributors and managers, and deliver on the team's book of work.
• Be responsible for end-to-end model risk management, including model validation, performance monitoring and governance for a suite of models covering Financial Crimes, Fair Lending and other Compliance models.
• Formulate structures and processes to help validation teams to transition from a validation centric role to a model risk management centric function.
• Develop, maintain, and ensure adherence to model risk management frameworks, policies, procedures, and supplemental guidance.
• Identify opportunities and implement strategies for enhancing validation quality and efficiency.
• Advocate industry best model development and validation practices.
• Collaborate with stakeholders across the enterprise, including model development teams, model users, model owners internal audit, and other corporate risk disciplines.
• Represent MRM in regulatory exams for covered modeling area.
• Manage allocation of people and financial resources. Develop and guide a culture of talent development to meet business objectives and strategy.

Required Qualifications:

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

Desired Qualifications:

• Previous model development or validation experiences in Financial Crimes in large financial firms.
• Knowledge of regulatory requirements: SR 11-7, industry standards on model validation, model governance, extensive expertise and keen insight on the model risk management process and future directions, expertise in defining model performance metrics and risk reduction techniques.
• A Ph.D. in statistics, economics, computer science, optimization, electrical engineering, or a related quantitative discipline
• A wide knowledge of modeling techniques and uses; in-depth knowledge of AI and ML methodologies.
• In-depth knowledge of Financial Crimes, Fair Lending, and other Compliance models.
• Strong computing and programming background and experience with AI/ML computing platforms and tools
• Excellent verbal, written, and interpersonal communication skills, with an ability communicate to non-technical audience and present to senior leaders.
• Strong organizational skills, attention to detail, ability to work as a member of a broader team, and ability to adhere to strict deadlines in a fast-paced environment.
• Demonstrated ability to actively lead projects/discussions, work through problems and reach decisions that are in the best interest of the function and the Company.

Job Expectations:

• Ability to travel up to 10% of the time.
• This position offers a hybrid work schedule.
• Willingness to work onsite at stated location on the job posting.

Job Locations:

• Three Wells Fargo Center, 401 S Tryon St, CHARLOTTE, NC
• 333 Market, 333 Market St, SAN FRANCISCO, CA
• 600 Wells Fargo, Minneapolis, 600 S 4th St, MINNEAPOLIS, MN
• Tysons Plaza Branch, South Tower, 1753 Pinnacle Dr, MCLEAN, VA

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.
$215,000.00 - $355,000.00
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:
7 Aug 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.