Trade Surveillance Model Governance & Analytics Lead
Wells Fargo
Charlotte, NCPosted over 1 year agoDiscoveredMatch locked
5+ years expBusiness Operations
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In this role, you will
- Be responsible for engagement with MRM function and lead regular recertification and Target Scope Validation processes to support ongoing development of Surveillance models, performing regular performance testing in line Model Risk Management policy, report on model's performance and material changes to model's design
- Support the model threshold calibration exercise
- Manage vendor relationship and participate in discussions to enhance existing Surveillance capabilities in line with regulatory and industry standards.
- Partner with Control team, Business Heads, Technology, Compliance and relevant Support teams to build out robust surveillance scenarios.
- Interrogate a database system for investigation, analysis, and preparation of statistical reports to understand alert triggers and trading behavior.
- Perform deep dives into data sets, understand how patterns of data may be associated with market abuse.
- Identify opportunities for process improvement and risk control development by participating in different Trade Surveillance activities.
Crucial to this role is a sense of urgency, passion for results, and personal accountability for achievement. Successful candidates will have a quantitative background, extensive knowledge of financial products and Market Abuse Regulations.
Required Qualifications, US
- 5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 5+ years of Surveillance Model Risk Management, Product Management, Technology, Data Science
Desired Qualifications
- Strong analytical skills with high attention to detail and accuracy
- Experience working on quantitative models
- Demonstrated direct or indirect experience with Trade Surveillance in either First Line or Second Line roles
- Experience with Market Conduct, Market abuse controls and Supervisory review processes
- Prior experience at Market Oversight including any regulatory or government agencies
- Prior experience in process improvement, automation of control processes
- Understanding of Corporate and Investment Banking business operations, processes, products and customer interactions and associated risk manifestation
- Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
- Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner to senior leadership, testing functions and regulators
- Professionalism, adaptability and strong collaboration skills
- Ability to translate technical language into plain business language, and to translate business requirements into technology initiatives
- Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
- Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks
Job Expectations
- Ability to travel up to 10%
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$111,100.00 - $237,100.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees. • Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date
3 Apr 2025
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.
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.
Not included in the source posting: about the role, what you'll do.
Skills
product-management
Who can apply
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