Model Risk Management (MRM): Model Risk Management is responsible for validating and monitoring models, independently overseeing the management of model risk exposures across the enterprise, including governing, monitoring, and reporting on aggregate model risk exposures. This oversight extends to all phases of a model's life cycle, including model identification, development, validation, implementation, resolution of model risk findings, model usage, performance monitoring, documentation, and retirement.
Business Planning team: This team oversees model risk in business planning models across all lines of business to make decisions including staffing, capacity planning, revenue and expense forecasting, optimization of operations, inventory management, recovery resolution and planning. The responsibilities of this team include end-to-end model risk management over the entire model lifecycle adhering to guidance and goals set by the Group Model Risk Officer (GMRO).
This highly visible position requires strong risk management and technical expertise, along with the ability to build strategic partnerships across the enterprise. Effective communication with technical staff, senior management, auditors, and regulators is crucial. The role operates in a fast-paced environment, necessitating multitasking and meeting strict deadlines to ensure policy adherence and effective model risk management.
In this role, you will:
- Manage and develop a team with oversight and strategic direction of enterprise risk, governance and reporting programs and engage stakeholders and internal partners associated with the Enterprise Risk
- Identify, support and recommend opportunities for process improvement and risk control development of companywide risk based programs
- Utilize knowledge of risk and regulatory for one or more risk, product or front line areas with moderate risk and complexity
- Guide and direct in the interpretation of policies and guidelines
- Make decisions and resolve issues regarding resources, objectives and operations of functional area and team to meet business objectives, interpret and develop policies and procedures for enterprise risk with low to moderate complexity within scope of responsibility
- Manage direction setting, monitoring and credible challenge for risk reporting , escalation and timely remediation of issues, deficiencies or regulatory matters regarding covered compliance
- Collaborate with and consult with peers, colleagues and multiple level managers, interact directly with external customers
- Manage communication and collaboration with business heads, Legal, Audit, and regulators on risk related topics
- Manage allocation of people and financial resources for Enterprise Risk
- Mentor and guide talent development of direct reports and assist in hiring talent
- 5+ years of Risk Management experience (Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk, IT Systems Security, Business Process Management) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 2+ years of Leadership experience
- 5+ years of quantitative analytical experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 2+ years of management or leadership experience
- Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
- Knowledge of regulatory requirements: SR 11-7, industry standards on model validation, model governance, extensive expertise and keen insight on the model risk management process and future directions, expertise in defining model performance metrics and risk reduction techniques
- Previous model development or validation experience in business planning in large financial firms
- Excellent oral, written, and interpersonal communication skills, with an ability to communicate to non-technical audiences and senior leaders
- Strong organizational skills, attention to detail, ability to work as a member of a broader team, and ability to adhere to strict deadlines in a fast-paced environment
- Demonstrated ability to actively lead projects and discussions, work through problems and reach decisions that are in the best interest of the function and the Company
- A wide knowledge of modeling and statistical techniques and uses, and strong familiarity with AI and ML methodologies
- Strong computing and programming experience
- Manage and develop teams responsible for the creation, implementation of complex financial and statistical models
- Analyze and manage risks to enable decision making for businesses for staffing, planning, forecasting or other functional areas related to business operations
- Provide expert opinion on models for business operations and support overall business process and risk management
- Perform various compliance with corporate and regulatory reporting, involving finance and capitalization requirements
- Determine scope and prioritization of work
- Perform key input in the development of strategy, policies, procedures, and organizational controls
- Interface with internal and external audit or regulators
- Manage one or more teams of highly skilled quantitative analysts or managers
- Manage allocation of people and financial resources for quantitative analytics
- Develop and guide a culture of talent development to meet business objectives and strategy
28 Apr 2026
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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 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.
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