Executive Director, Model Risk Management for Financial Crimes, Fair Lending & Compliance

About the Company

Successful multinational financial services company

Industry Financial Services

Type Public Company

Founded 1852

Employees 10,001+

Categories

Financial Services Banking & Mortgages Asset Management Insurance Investment Banking Investment Management Consulting & Professional Services Bachelor's Degree Programs Banking Banking Services Banks and Institutions Business Charlotte Customer Service Desserts Economics Finance Home Page Investing Log in North Carolina Sign in Sign on View Accounts Wellsfargo.com Business Development FinTech Payments

Specialties

business banking wholesale banking mortgage consumer finance and commercial finance

Business Classifications

B2B B2C

About the Role

The Company is in search of a Quantitative Analytics Director / Model Risk Officer to oversee models in the financial crimes, fair lending, and compliance risk areas. The successful candidate will be responsible for the end-to-end model risk management process, including model validation, performance monitoring, and governance. This role requires the management of a team of experienced model risk professionals and the formulation of structures and processes to enhance model risk management functions. The candidate will also be expected to develop and maintain model risk management frameworks, policies, and procedures, and to advocate for industry best practices in model development and validation. Collaboration with various stakeholders, including model development teams, model users, and regulatory bodies, is a key aspect of the position.

Applicants for this role at the company should have a minimum of 8 years' of quantitative analytical experience, with at least 4 years' in a management or leadership capacity. A Master's degree or higher in a quantitative discipline is required, with a preference for candidates holding a Ph.D. in a related field. The ideal candidate will have a strong background in financial crimes, fair lending, and compliance models, as well as in AI and ML methodologies. In-depth knowledge of regulatory requirements and industry standards in model validation and governance is essential. The role demands excellent communication skills, the ability to work in a fast-paced environment, and a proven track record of leading projects and making sound decisions in the best interest of the function and the company.

Hiring Manager Title Group Model Risk Officer

Travel Percent 10%

Functions

Non-Profit Management Finance