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|Enterprise Risk Officer - Liquidity & Asset Liability Management Model Validation|
Company: Wells Fargo
Location: Phoenix, AZ
Employment Type: Full Time
Date Posted: 08/14/2020
Expire Date: 10/17/2020
Job Categories: Accounting/Auditing, Banking, Finance/Economics, Financial Services, Information Technology, Insurance, Law Enforcement, and Security, Legal, Military, Quality Control, Research & Development, Writing/Authoring
Enterprise Risk Officer - Liquidity & Asset Liability Management Model Validation|
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.Â In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Corporate Model Risk:Â 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.
Qualitative Model Validation:Â The Qualitative Model Validation group is responsible for validating and approving all qualitative models used across Wells Fargo including Credit, Liquidity, Market, Operational, Pre-Provision Net Revenue (PPNR), Finance, Balance Sheet, and Financial Crimes to name a few. The team's responsibilities include performing model validations (independent reviews, writing validation reports, and approving model usage), annual reviews, performance monitoring, and issue management. The team works closely with model users, developers, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process.
The Role:Â The Qualitative Model Validator will be responsible for the quality and completion of model validation to support business activities across several areas. This role is specifically for one of the following: Liquidity Risk Model validation, Treasury Cash Flow Forecasting, Liquidity Stress Testing, Asset Liability Management or Credit Risk and Loss Forecasting.
Specifically this individual will have responsibility to:
The Candidate:Â This validator will have substantial experience in his/her area of specialty to facilitate credible challenge of the processes/models and to develop the skills of the junior validation team.
Other Desired Qualifications
AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ