Credit Risk Associate Manager Job Vacancy in Wells Fargo Bengaluru, Karnataka – Updated today
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Company Name : Wells Fargo
Location : Bengaluru, Karnataka
Position :
Job Description : About this role:
Wells Fargo is seeking a Risk Analytics Associate Manager…
In this role, you will:
Manage team of less experienced associates in research and modeling tasks and processes to ensure timely completion, quality, and compliance in Risk Analytics
Identify opportunities for process improvement, modeling, data, and risk control development in less complex products
Make daily analytical decisions and resolve issues related to product performance, development of team, and analysis of trends under direction of Risk management
Leverage interpretation of policies, procedures, and compliance requirements
Collaborate with and consult with peers, managers, and other business units
Manage allocation of people and financial resources for Risk Analytics
Mentor and guide talent development of direct reports and assist in hiring talent
Required Qualifications:
Over all experience of around 10-14 years in Risk Analytics, Credit Risk modeling and Model Validation roles
Bachelor’s degree or higher in a quantitative fields such as applied mathematics, statistics, engineering, finance, economics, econometrics or computer sciences
1+ years of Leadership experience
Strong technical skills and problem solving skills
Advanced programming expertise in SAS or Python
Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Excellent verbal, written, and interpersonal communication skills
S trong ability to develop partnerships and collaborate with other business and functional areas
Desired Qualifications:
Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities
Understanding of bank regulatory requirements, regulatory reporting and governance requirements
Ability to research and report on a variety of issues using problem solving skills
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Knowledge and understanding of issues or change management processes
Experience determining root cause analysis
Job Expectations:
Lead and act as a subject matter expert on Commercial portfolio models.
Lead data preparation, model development and model analytics for regulatory models such as CCAR stress testing models, Current Expected Credit Loss (CECL) / IFRS9 models, Basel models, Valuation, etc.
Manage multiple stakeholder relationships and project engagements across credit risk organization.
Lead the team on data preparation, model development and recalibration of credit scoring models. Present model summary across credit committees.
Lead teams and build analytical capabilities, manage modeling, forecasting, reporting and data distribution tools and processes requiring significant technical complexity in the analytics.
Lead the design and development / enhancement of dynamic dashboards; analyze key risk parameters to help understand changes in business, product groups, vintages, concentration limits, risk ratings etc.
Identify opportunities for strategic and infrastructure projects. Design and deliver process improvements, standardization, rationalization and automations. Enhance and standardize performance analysis, reporting packages and business loss forecast processes
Lead the team to support credit risk data migrations, system transitions, data-mapping, data lineage, data reconciliation and documentation in alignment to policy and governance
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, or status as a protected veteran.
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.
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