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Senior Quantitative Analytics Specialist

AT Wells Fargo
Wells Fargo

Senior Quantitative Analytics Specialist

Bangalore, India

About this role:

Wells Fargo is seeking a Senior Quantitative Analytics Specialist.

In this role, you will:

  • Perform highly complex activities related to creation, implementation, and documentation
  • Use highly complex statistical theory to quantify, analyze and manage markets
  • Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives
  • Utilize structured securities and provide expertise on theory and mathematics behind the data
  • Manage market, credit, and operational risks to forecast losses and compute capital requirements
  • Participate in the discussion related to analytical strategies, modeling and forecasting methods
  • Identify structure to influence global assessments, inclusive of technical, audit and market perspectives
  • Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills
  • Senior Quantitative Analytics Specialists an individual contributor role in the Decision Science and Artificial Intelligence (DSAI) Validation team within CMoR. In this role, the team member is responsible for validating and approving all marketing, retail credit scoring, commercial credit scoring, financial crimes, fair lending, and other artificial intelligence and machine-learning models.
  • A Senior Quantitative Analytics Specialist should have a deep academic knowledge, broad based approach to solutioning business problems. He/she should approach the problem agnostic of analytic technique, tool or process. Ability to think outside the box and provide ensemble solutions should set them apart to be a high performing team member.
Required Qualifications:

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  • 4+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 4+ years of experience with minimum Masters/Phd in a quantitative field such as applied math, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis.
  • Strong mathematical, statistical, analytical and computational skills.
  • Strong communication skills for a variety of audiences (other technical staff, senior management and regulators) both verbally and in writing.
  • Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions.
  • Ability to work independently on complex model validations from start to finish.
  • Skill in managing relationships with key model stakeholders
  • Eagerness to contribute collaboratively on projects and discussions
  • Perpetual interest in learning something new, but being comfortable with not knowing the all the answers
  • Attention to detail in both analytics and documentation
  • Aptitude for synthesizing data to 'form a story' and align information to contrast/compare to industry perspective
  • Intellectually curious, who enjoy solving problems.
Desired Skills:
  • Hands on industry experience in building large scale end-to-end machine learning systems using a combination of big data tools and programming languages like Scala, Java and/or Python
  • Knowledge of parallel and distributed computing frameworks such as Hadoop, Spark, MPI, using GPUs
  • Experience in machine learning areas such as recommender systems, NLP, pattern recognition, predictive modeling, Artificial Intelligence.
  • Experience implementing machine learning algorithms such as support vector machines, decision trees, logistic regression, clustering, neural networks, graphical models etc
  • Data exploration and preparation using SAS, Spark, Python ,SQL or R or any statistical tool
  • Working experience in financial model validation team would be added advantage
  • Prepare detailed documentations for projects for both internal and external that complies regulatory and internal audit requirements
  • Keep updated with the latest in the Data Science community and leverage new capability for the bank
  • Knowledge of banking industry, terminologies and products in at least one of the LOB such as credit cards, mortgage, deposits, loans or wealth management etc.
  • Knowledge of any functional area such as risk, marketing, operations or supply chain in banking industry.
  • Instrumental in bringing new approaches to the table, create white papers and present in conferences
Posting End Date:
6 Oct 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.

Client-provided location(s): Bengaluru, Karnataka, India
Job ID: WellsFargo-R-403295
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • FSA
    • HSA
    • Mental Health Benefits
    • Short-Term Disability
    • Long-Term Disability
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Return-to-Work Program
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Performance Bonus
    • Stock Purchase Program
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Internship Program
    • Associate or Rotational Training Program
    • Promote From Within
    • Mentor Program
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program
    • Unconscious Bias Training

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