AVP - Risk Analytics Consultant

About this role:

Wells Fargo is seeking a Risk Analytics Consultant

In this role, you will:

• Participate in less complex analysis and modeling initiatives, and identify opportunity for process production, data reconciliation, and model documentation improvements within Risk Management
• Review and analyze programing models to extract data, and manipulate databases to provide statistical and financial modeling, and exercise independent judgment to guide new and existing projects with medium risk deliverables
• Coordinate and consolidate the production of monthly, quarterly, and annual performance reports for more experienced management
• Present recommendations for resolving data reconciliation, production, and database issues
• Exercise independent judgment while developing expertise in policy governance, risk projects, and regulatory requests
• Collaborate and consult with peers, managers, experienced managers, compliance, including various lines of business

Required Qualifications:

• 2+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 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 asset backed Trading products (Bonds ABS, CMBS, RMBS, and derivativesinterest rate swaps and credit derivatives) business and products, corresponding risk measures for the purposes of analyzing changes to P&L and providing explanation to the senior management and the regulators.

Job Expectations:

• Timely and accurate daily P&L reporting and general ledger reconciliations, primarily for the firms 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 firms 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.
• Experience working in global teams.
• Proficient working with complex data, especially associated with trading activities.
• Advanced 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 structured products trading 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.