Wells Fargo

Job Category:

Risk/Compliance

Location:

San Francisco, California

Country:

US

Approximate Salary:

Not Specified

Position Type:

Full Time

Phone:

415) 820-7800

Credit Risk Analytics Consultant 2 (Forecasting)

Wells Fargo - San Francisco, California

Posted: 11/3/2018

Job Description

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. 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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

The Consumer Unsecured Credit Risk organization supports the Credit Cards, Retail Services, Education Financial Services, and Personal Lines and Loans portfolios. We are seeking a talented individual for Business, Allowance and Comprehensive Capital Analysis & Review (CCAR) loss forecasting for the Co-Brand partnership portfolios.

  • This loss forecasting analyst would drive the analysis, reporting and enhancement of the loss forecast output. Candidate would also drive monthly/quarterly production of loss forecast by running the qualitative vintage roll rate models and other tools. The analyst will analyze the trends of the actual credit performance of the portfolio, output of primary and confirming quantitative models (provided by the modeling group), output of the qualitative models and other tools to provide deep insights to the LOB, Finance and other Risk Partners.
  • Candidate would collect and analyze data to identify credit risk (delinquency, roll rate and loss) trends and drive insights to further strengthen loss forecasting analytics. Provide leadership with analytical insight that assists senior management with fact based decision making.
  • Develop new qualitative models to further augment existing models and tools on forecast accuracy, process efficiency and efficacy.
  • Draft and manage all relevant qualitative model development documentation pertaining to the Co-Brand loss forecast process.
  • The successful candidate MUST be data savvy and be capable of leveraging all available resources efficiently. Proficiency in SQL/ SAS and ability to develop moderately complex queries.
  • Strong communication skills and ability to partner effectively is a requirement.
  • Strong analytic skills, able to track and manipulate multiple sources of data. Advanced Excel, Word and Power Point developer.
  • The candidate must be able to field requests, elicit requirements, acquire and transform data to information and skillfully deliver. Ability to digest data and understand the business context is a requirement. Solid problem-solving/troubleshooting skills.
  • Highly organized and proactive. Should be able to manage multiple tasks in a dynamic environment and deal with multiple priorities. Self-starter and team player.
  • Ability to engage appropriate resources, internal or external to deliver a complete resolution, including analytics, implementation of tools and processes, communications and results tracking
  • Serve as change agent, identify opportunities to enhance existing processes, remove obstacles and create efficiencies.
  • Experience navigating a complex organization and effectively engaging key stakeholders; building effective relationships with internal customers; partnering with teams to implement solutions

**May be open to other locations

Required Qualifications

  • 5+ years of risk reporting experience, risk analytics experience, or a combination of both; or a Master s degree or higher in a quantitative field such as mathematics, economics, or engineering and 3+ years of risk reporting experience
  • 3+ years of credit risk experience
  • 2+ years of experience creating macros and pivot tables in Excel
Desired Qualifications

  • A BS/BA degree or higher in a quantitative discipline
  • Microsoft Excel spreadsheets experience importing, exporting, and manipulating data
Other Desired Qualifications
  • Experience in loss forecasting for a CCAR bank and experience in stress testing submissions and building materials for challenge reviews.
  • Good SAS skills in performing complex data manipulation and modeling in SAS.
  • Good at exercising independent judgment and applying prudent credit risk management principles
  • Excellent analytical ability in interpreting data, analytical results to draw insights to provide accurate loss forecasts and help business manage the credit risk effectively.
  • Excellent problem solving skills and ability to connect dots, see big picture and find solutions
  • Good verbal communication, written documentation and presentation skills.
  • Understanding of process, methodologies used for business loss forecast and stress test loss forecast submissions.
Disclaimer

  • All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

    Relevant military experience is considered for veterans and transitioning service men and women.
    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Apply Now