Portfolio Analytics Consultant 4

Wells Fargo Las Vegas , NV 89134

Posted 1 week ago

Job Description:

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our nine major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

The Wells Fargo Investment Portfolio ("IP") comprises public and private investments for the Credit Investment Portfolio ("CIP") and public investments for the Macro Investment Portfolio ("MIP"). With dual reporting to Wholesale (CIP) and Treasury (MIP), IP manages the portfolio of AFS and HTM investments.

The Credit Investment Portfolio (CIP), a division of Wholesale Banking, is responsible for the evaluation of credit-driven investment opportunities across a broad spectrum of corporate bonds, notes, loans, Municipal bonds, CLOs and other asset backed securities. With a view towards long term holds, CIP focuses on relative risk/reward by purchasing (and selling) at prices that enhance shareholder value and improve Wells Fargo's risk adjusted return on capital. As an extension of Wholesale's lending platform, CIP applies the same depth of credit due diligence that other Wholesale lending divisions have historically applied to loan products. Accordingly, each investment is underwritten from the bottom up with thorough credit, structural, and legal analysis then monitored continuously until final repayment of principal.

The Macro Investment Portfolio (MIP), a division of Corporate Finance, is responsible for maintaining a portfolio of fixed income investments to achieve liquidity, interest rate risk management, and capital management objectives on behalf of Corporate ALCO. MIP invests in high quality, highly liquid and readily marketable securities that are primarily U.S. Treasury and government agency securities. Other investment asset classes include corporate bonds, municipal bonds, asset-backed and commercial mortgage-backed securities. With a view towards longer term investing, MIP's asset appetite is discretionary at the direction of ALCO to deploy a portion of the Company's excess deposits in a safe and sound manner. MIP relies on the Credit Investment Portfolio (CIP) to analyze and monitor most credit sensitive individual investments.

The IP Portfolio Strategy & Analytics team binds a collection of groups whose core functions are associated with investment analysis or reporting on WFC's Investment Portfolios (AFS and HTM). The team focuses on process integration, analytics, and reporting on key areas pertinent to the Investment Portfolio. We are hiring a Portfolio Analytics Consultant 4 in Charlotte.

We are seeking a skilled and experienced Portfolio Analytics Consultant 4 (PAC4) to sit in Charlotte and drive mortgage and prepayment modeling in partnership with the Mortgage Modeling Center of Excellence for use in the Investment Portfolio. The PAC4 hired into this role will be responsible for performing highly complex activities related to mortgage products, business analysis and risk modeling. A successful candidate must have strong expertise as a prepayment modeler, be familiar with Agency and Non-Agency Databases and be familiar with Residential Mortgage-Backed Securities (RMBS) valuation, OAS framework and risk analysis.

Responsibilities:

  • Assist in the design, estimation, implementation, testing, documentation and maintenance of statistical models for prepayment, default, loss severity forecasting, HPI forecasting of agency and non-agency mortgages

  • Assess implications and impact of models and methodologies on Investment Portfolio forecasts, valuations and risk metrics, including Stress Test/CCAR, Liquidity and Interest Rate Risk measures.

  • Coordinate model development, deployment, analysis, and uses across PSA, MIP and Mortgage Modeling COE

  • Partner with MIP to conduct deep dives and conduct thorough analysis on risk and key drivers of prepayment behavior within the Investment Portfolio and potential investment opportunities

  • Conducting model performance monitoring for statistical back tests or P&L explanation analysis

  • Help develop and mentor the junior talent pool within the PSA and IP teams

  • The ideal candidate has sharp analytical skills, demonstrated attention to detail, sound critical thinking, and solid problem-solving capabilities. We are looking for a self-motivated person who learns quickly and thrives in a challenging environment.

  • Ability to work independently, prioritize multiple tasks, and take on new challenges is crucial.

Team members 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.

Required Qualifications

  • 5+ years of experience in portfolio management, or finance
  • 2+ years of leadership experience

Other Desired Qualifications

  • A master's degree or higher in a quantitative field such as finance, mathematics, statistics, or economics

  • 5+ years of experience analyzing Agency MBS in a strategy, trading or quantitative modeling role

  • 2+ years of quantitative model development experience

  • Demonstrated experience in handling Agency and Non-Agency databases (loan level and pool level) and as well as perfect command of mortgage data software (1010/embs/loan performance corelogic)

  • Strong experience in using, developing and building prepayment and default models

  • Solid understanding of financial mathematics and models including, OAS framework, Monte Carlo simulation, LMM model, (exotic) interest rate derivatives models and mortgage analytics

  • Programming ability in Python, R and familiarity with data science

  • A demonstrated ability to collaborate and work across multiple groups and with internal business partners within Wells Fargo

  • Ability to communicate across multiple audiences (Technology, Quants, Senior Management)

  • Demonstrated ability to work through business challenges consistently and effectively through collaboration and transparency

  • An impeccable reputation for integrity, accuracy, consistency, big picture orientation and business acumen

  • Highly self-motivated with a working knowledge of risk management fundamentals and policy creation

Job Expectations

  • Ability to travel up to 20% of the time

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

WHOLESALE BANKING0157900 WHOLESALE BANKING


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Portfolio Analytics Consultant 4

Wells Fargo