About this role:
Wells Fargo is seeking a Senior Risk Analytics Consultant
In this role, you will:
- Lead or participate in moderately complex initiatives, and delivering insight and decision strategies within analytics and reporting, and contribute to large-scale planning related to Risk Analytics
- Review and analyze moderately complex data aggregation, forecasting, reporting, and programming models
- Be responsible for process production, data reconciliation, and model documentation in alignment with policy governance
- Resolve data, production, business modeling, and lead team to meet Risk Analytics deliverables while leveraging solid understanding of risk reporting policies, modeling strategies, procedures, regulatory requests, and compliance requirements
- Collaborate and consult with peers, experienced managers, compliance, and technology to resolve modeling, forecasting, and production issues, and achieve analytic and reporting goals
- Lead projects, teams, and mentor less experienced staff
- Partner with cross enterprise risk analysts in development of common modeling strategies
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- 4+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- CA/CFA/FRM degree or higher in Finance, Accounting, Economics or Business.
- Experience in one or a combination of the following: analytics, reporting, finance, or accounting.
- Experience with Product Control function at a large bank.
- Solid understanding of Cash, Derivatives products within Markets (Equities, Fixed Income or Credit) business with exposure to structured / exotic derivative products, corresponding risk measures for the purposes of analyzing changes to P&L and providing explanation to the senior management and the regulators.
- Experience working in global teams.
- Proficient working with complex data, especially associated with trading activities.
- Advanced desktop skills in MS Office products especially MS Excel and MS Access and tools like SQL, Tableau, Alteryx, Power BI
- Essbase (database with GL and org hierarchy info)
- Experience supporting other Equities businesses.
- Experience researching and resolving P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies - using both Finance and Front Office systems.
- Strong interpersonal skills to effectively build and maintain partnership with key stakeholders and partners.
- Outstanding problem solving skills.
- Ability to be agile, flexible and adjust plans quickly to meet changing business needs
- Ability to perform well under pressure.
- Drive P&L production re-engineering and controls enhancements.
- Liaison with desk, middle office, and back office to resolve trade and P&L exceptions.
- Timely and accurate daily P&L reporting and general ledger reconciliations, primarily for the firm's trading activities. P&L production will include both Comprehensive P&L and clean (risk-based) P&L;
• Research and identify P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies;
• Month-end close for P&L, and substantiation of balance sheet at a detailed level;
• Must have strong attention to detail and ability to identify and escalate issues as needed;
• This role will require close and efficient communication with various groups, including Front Office, Middle Office, Market and Credit Risk, and Group Controllers;
• Utilize the firm's P&L attribution to validate the reported P&L;
• Track daily asset usage by Legal Entity and LoB;
• Produce and analyze Volcker metrics, where appropriate, to ensure accurate reporting and compliance with this rule;
• Prepare weekly/monthly management reports/financial highlights.
• Provide high quality commentary on P&L and balance sheet drivers;
• Analyze monthly expense trends and prepare analytics.
• Develop a solid understanding of the legal entities on which trading activities are conducted, and ensure the P&L is reported accurately on each entity.
• Prepare material to support internal/external audit examinations/queries.
• Ensure compliance with internal guidelines (e.g. COSO controls), and internal and external audit recommendations.
• Develop and improve upon internal controls through critical evaluation of current environment, with the goal of implementing consistent, industry best practices across the enterprise;
• Maintain accurate policies and procedures that are up to date and can be easily followed by internal and external audit groups. - • Troubleshoot any PnL related queries or issues for other team members and act as aa SME for the overall Equities PC team
24 Dec 2024
*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.