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Audit Manager - Model Risk Management

Company: Wells Fargo
Location: West Des Moines
Posted on: July 14, 2019

Job Description:

Job DescriptionAt Wells Fargo, we want to satisfy our customers financial needs and help them succeed financially. Were looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where youll 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.

Audit Services conducts audits and reports the results of our work to the Audit & Examinations Committee of the Board of Directors. We provide independent, objective assurance and consulting services delivered through a highly competent and diverse team. As a business partner, Audit Services helps the Company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Wells Fargo Audit Services is seeking a talented individual to fill an Audit Manager on the Model Risk Audit Team. This Individual will lead a team responsible for coverage and oversight of model risk management. Coverage is focused on oversight of model risk management and compliance with supervisory guidance and internal policy. The ideal candidate will demonstrate comprehensive knowledge and understanding of supervisory guidance, the model validation and governance processes within Wells Fargo, and a wide variety of financial model types and uses. This individual provides advice and offer credible challenge to business partners regarding the effectiveness of the control environment, business trends, issues, and operating and regulatory environment changes related to the development, validation, ongoing monitoring and use of models. The Model Risk Audit Team is part of the broader Corporate Risk and Capital Management team within Wells Fargo Audit Services.

A strong Model Risk Audit Manager candidate will demonstrate professionalism and organizational savvy during regular contact with key stakeholders including executive management, regulators, peers and professional organizations. As an Audit Manager on the Model Risk Audit Team, you will play an important and dynamic role in building and maintaining a high-performing team, connecting with our business partners, and executing the audit plan. You will monitor the business to identify key emerging risks and will support team member development and engagement.

Key functions of this position include the following:


  • Identify and manage effective risk-based audit coverage for model risk management activities
  • Work in a very dynamic, demanding, fast-paced environment and respond appropriately to rapid change sometimes based on imperfect information
  • Demonstrate subject matter expertise in the areas of model risk, capital markets trading, market risk, counterparty credit risk, financial crimes, fair lending, operational risk, wholesale and wealth & investment management
  • Work across organizational lines and model the "One Wells Fargo" mind set
  • Recruit, manage and retain a high performing geographically dispersed team of 1-3 individuals, while providing effective coaching and team member development
  • Consistently demonstrate the ability to go above and beyond expectations
  • Drive for superior results and quality
  • Evaluate and provide creative solutions for complex problems
  • Maintain a "no surprises" environment with business partners as well as with peers and WFAS management by fostering an environment of open communication
  • Display a sense of urgency while focusing on issues that truly make a difference
  • Demonstrate excellent leadership skills and the ability to assess risks and controls
  • Exhibit strong critical judgment regarding issue notification and escalation of issues to business partners and executive management
  • Provide appropriate credible challenge to management in escalating significant risks and issues in an objective, professional and unbiased manner
  • Understand and communicate highly technical issues to technical and non-technical stakeholders
  • Work closely and credibly with highly technical quantitative analysts in audit and in the business
  • Travel required: 10- 20%

    As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

    • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
    • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.


      Required Qualifications


      • 7+ years of experience in one or a combination of the following: audit, control testing, control and risk identification, or audit analysis
      • 2+ years of leadership experience




        Desired Qualifications


        • Audit experience at a large financial institution or auditing company.
        • A BS/BA degree or higher in accounting, finance, or business administration
        • Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
        • Leadership experience for professional auditors, risk management, or project leadership professionals
        • Solid knowledge and understanding of audit methodologies and tools that support audit processes
        • Excellent verbal, written, and interpersonal communication skills
        • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
        • Strong organizational, multi-tasking, and prioritizing skills




          Other Desired Qualifications


          • Corporate Risk, Wholesale or Wealth & Investment Management experience
          • Credit Risk, Consumer Banking, Payments Virtual Solutions & Innovation or Enterprise Finance experience
          • Demonstrated experience leading and enthusiastically motivating 1-3 individuals across the country to complete key audit deliverables timely with superior quality
          • Strong knowledge of model risk management, model validation process and SR11-7 guidance
          • Capable of attracting, mentoring, and retaining talented and productive staff
          • Proven skills as a strong risk advisor and respected business partner
          • Ability to provide real time feedback to business partners regarding internal controls and emerging risk


            Job Expectations


            • Ability to travel up to 20% of the time




              DisclaimerAll 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.

Keywords: Wells Fargo, West Des Moines , Audit Manager - Model Risk Management, Executive , West Des Moines, Iowa

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