About this role:
Wells Fargo is seeking a Quantitative Analytics specialist.
In this Role, you will:
- Develop, implement, and calibrate various analytical models
- Perform highly complex activities related to financial products, business analysis and modeling
- Perform basic statistical and mathematical models using Python, R, SAS, C++ and SQL
- Perform analytical support and provide insights regarding a wide array of business initiatives
- Provide solutions to business needs and analyze workflow processes to make recommendations for process improvement in risk management
- Collaborate and consult with peers, colleagues, managers, and regulators to resolve issues and achieve goals
Required Qualifications:
- 2+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
Desired Qualifications:
- Ph.D. in economics, statistics, finance, math, engineering or similar quantitative disciplines
- 1+ years of experience in Fraud Risk Model development or Fraud detection strategies
- 2+ years of scorecard development, credit or fraud risk analytics experience, or a combination of both.
- Master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science
- 2+ years of programming experience in SAS, Python or R
- Experience in credit and/or fraud risk model development and/or monitoring
- Excellent verbal and written communication skills
- Experience in producing high quality technical documentation with tools such as Excel, Word, PowerPoint
- Exposure to machine learning techniques (Random Forest, XG Boost, Light GBM, Neural Networks, and so on)
- Developed Fraud Risk Model using Python
- Familiarity with Credit Bureau Data
- Excellent problem-solving skills and ability to connect dots, see big picture and find solutions and articulate in a clear manner.
- Understanding of process, methodologies used in credit/fraud scoring model development, implementation, validation and monitoring
- Ability to effectively manage multiple assignments with challenging timelines
- Experience in statistical modeling techniques
Job Expectations:
- Develop best-in-class transactional and application fraud risk models leveraging cutting-edge advanced AI/ML techniques
- Analyze and explore predictive patterns using big data translating into enhanced strategies/rules leading to minimized fraud loss
- Use Python to build end to end Machine Learning models starting from data processing to feature engineering to model estimation.
- Lead and participate in critical debugging, testing and performance tuning for machine learning and/or statistical models written in python code
- Conduct ad-hoc analysis and reporting as required
- Responsible for documenting and presenting detailed model development processes and results, suitable for a variety of audiences
- Lead and participate intensive team discussions, interactions with cross-functional teams, and dialogues with internal reviewers (Model Validation and Internal Audit)
- Collaborate with key business model users to ensure models are business driven, properly implemented and executed
- Respond to ongoing analytical requests from auditors and regulatory reviewers in timely manner
- Develop and/or Monitor best in class Fraud Detection Models
- Work closely with the Lines of Businesses
- Show high level of ownership and eye for detail
- Collaborate and consult with validators, auditors and individuals that are technically oriented and have excellent communication skills
Posting End Date:
7 Apr 2025
*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.
Top Skills
Wells Fargo Hyderabad, Telangana, IND Office
: C9FH+X2J, Divyasree Orion Rd, Madhura Nagar Colony, Gachibowli, Hyderabad, Telangana, India, 500032
