Senior Quantitative Analytics Specialist Internal Audit

Job Profile Summary
Quantitative Analytics:  Covers jobs responsible for utilizing advanced mathematical skills, such as probability, statistics, and machine learning, to construct, design, develop, validate, and implement highly complex quantitative and predictive analytic models that offer continuous insights to a wide range of products, business, or risk mitigation initiatives.

About this role:

Wells Fargo is seeking a Senior Quantitative Analytics Specialist Internal Audit.

Seeking an Internal Audit Artificial Intelligence (AI) and Machine Learning (ML) Model Development Center of Excellence group (IA MD COE).

The IA MD COE team in Internal Audit is responsible for developing and deploying NLP, machine learning, and AI solutions for key strategic Audit initiatives such as risk management and compliance, business operational excellence, and team member experience. The team is looking for experienced analytics professional to add to its AI/ML/NLP model development team. As part of the IA MD COE data science team, you will be responsible for designing, developing, and implementing AI/ML NLP models for Internal Audit.

You will be leveraging unstructured text such as emails, text messages, notes, and semi-structured data in combination of structured data to apply text analytics and AI/NLP/ML techniques. You will use open stack programming languages (primarily Python) and/or vendor solutions to develop models and deploy them on Wells Fargo’s AI platform.

In this role, you will:

• 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

Required Qualifications:

• 4+ 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

About this role:

• The ideal candidate should be able to think outside the box to uncover new ways to analyze unstructured data in conjunction with analytical tools to answer complicated business questions.
• As part of the model development team, you will be responsible of delivering solutions that meet business needs as well as any efforts related to model documentation and reviews to ensure the modeling processes and procedures meet corporate model risk policies and requirements.
• Universe and Technology Solutions – Audit Universe, AE Risk Assessments, Change Management Risk Management, AMS, SharePoint, Shared Drives, Data Management, and other technology
• Innovation – Artificial Intelligence, Machine Learning, Advanced Analytics, Automation, Models, Audit Reporting, LOB Innovation, Operational Innovation
• Professional Practices – Plan & Issue Management, Practices, Audit Policy Library, oversight of Audit’s issue management and remediation activities, Validation Review Committee
• Employee Operations – Employee Experience, and Resource Acquisition, Management, & Reporting
• Quality Assurance (QA) – Assess and drive continuous improvement in the quality of Audit execution, QA reviews, aggregation of QA issues, QA reporting, validation of corrective actions, credible challenge, continuous improvement.
• Practices supports the entire audit department, providing the framework and methodology, control functions, and overall operational support for employees.
• Practices looks to continuously enhance processes and policies to ensure Audit is efficient and effective in reaching its goals.
• The Innovation team includes analytics professionals focused on building advanced solutions for the department – such as artificial intelligence, machine learning, advanced analytics, and automation.
• This is accomplished through strong partnerships with the audit teams Practices supports.

Desired Qualifications:

• Internal Audit experience
• Generative AI and Large Language Model experience
• Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
• Good analytical skills with high attention to detail and accuracy
• GitHub experience
• Experience with search engine libraries, such as, but not limited to Stanford NLP Library or Lucene search engine

Job Expectations:

• Develop, implement, and calibrate various analytical models
• Perform highly complex activities related to financial products, business analysis and modeling
• Perform basic statistical and mathematical models using Python, R, SAS, C++ and SQL
• Perform analytical support and provide insights regarding a wide array of business initiatives
• Provide solutions to business needs and analyze work flow processes to make recommendations for process improvement in risk management
• Collaborate and consult with peers, colleagues, managers and regulators to resolve issues and achieve goals
• Design, develop, and deploy AI/ML models using state of the art NLP and ML techniques available in the open stack and/or vendor solutions
• Data visualization
• Communicating the results
• Responsible of model development document and monitoring processes
• Adhere to corporate model risk policy and ensure compliance with model risk management
• Working with other data science teams to identify, gather, retain, and publicize modeling artifacts required for approved and repeatable processes
• Contribute to NLP data science teams group effort to stay concurrent with the cutting edge and bleeding edge of NLP/ML/DL algorithms, methodologies in the open source community and vendor solutions.
• Work with AI technology and production teams to operationalize models
• Ability to travel up to 10% of the time

Posting End Date: 

2 Jan 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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.