Wells Fargo Audit Manager - VP 

India, Karnataka, Bengaluru 

188377424

About this Role:

This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as operational risk, financial crimes, etc (experience of model validation in other areas like market risk, trading products, credit risk, counterparty risk, treasury, PPNR, home lending, and wealth & investment management, will also be considered positively). The individual will play an instrumental role in the audit of the models used to meet the regulatory requirements of Financial Crimes compliance / Banking Secrecy Act (BSA) / Anti Money Laundering (AML) / Sanctions / Anti Bribery and Corruption (ABC).

In this role, you will:

Responsibilities for this role include, but are not limited, to the following:

• Providing credible challenge of modeling practices in the company, including performing replication analyses with data mining and coding.
• Executing technical audit reviews of models, including model development quality, validation effectiveness, and model risk governance processes (especially models in Financial Crimes Compliance / Financial Crimes Risk management function).
• Providing support on technical model questions, model risk policy, and regulatory requirements to Wells Fargo Internal Audit staff, and business partners.
• Producing quality deliverables and communicating testing findings and conclusions verbally and in writing to key stakeholders.
• Building and maintaining relationships with model stakeholders.
• Developing an understanding of model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in an area of expertise.
• Developing an understanding of Wells Fargo audit methodology and policy.
• Developing business knowledge of focus modeling areas.
• Work effectively independently and within a team.
• Championing opportunities and recommendations for process improvement.
• Developing business knowledge of focus modeling areas.
• Training, mentoring, and providing direction to junior team members and supporting their development.
• Work effectively independently and within a team.
• Championing opportunities and recommendations for process Improvement.

Required Qualifications:

• 5+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• A IIT or PhD in statistics, mathematics, physics, engineering, computer science, economics, or quantitative field; or a Master’s degree in the above areas with 4-8 years of experience in one or a combination of the mentioned fields above.
• 4-8 years of experience in model development, model validation in the financial services industry, preferably with a large bank
• At least 2 years of Auditing (model risk auditing) in the financial services industry, preferably with a large bank
• Working knowledge of SR 11-7 and OCC 2011-12 supervisory guidance
• Strong work and professional ethics
• Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills
• Strong technical, non-technical, and executive verbal and written communication skills
• Having knowledge of AML / Sanctions tools (like Actimize, Fircosoft, GSMOS, etc) will be an added advantage
• 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

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.