Model Risk Audit Director

Wells Fargo & Company•New York, NY

1d•$215,000 - $355,000•Onsite

About The Position

Wells Fargo is seeking a Model Risk Audit Director (Quantitative Analytics Director) to lead the Model Risk Audit Team. This individual will provide leadership in the audit coverage of Wells Fargo's model risk management activities across the first and second lines of defense functions. The Model Risk Audit Director will be accountable for the strategy for, and execution of, auditing the firm's modeling related activities. In this role, you will: Manage a team of audit staff responsible for delivering against the annual Model Risk Audit Plan Assess associated risks and controls and complete engagements within the Model Risk Audit Plan Strategically evaluate and enhance the audit strategies related to model risk and the adoption of generative and agentic artificial intelligence across the organization Plan and organize work in an annual cycle, not just the project cycle Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance Represent the Model Audit team on the Internal Audit Artificial Intelligence Working Group Build and maintain a proficient team of auditors Provide timely feedback, coaching and monitoring of development plans Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies Manage allocation of people and financial resources for Audit Develop and guide a culture of talent development to meet business objectives and strategy

Requirements

8+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of management or leadership experience
3+ years of audit experience
Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science

Nice To Haves

Extensive experience with executing and/or providing audit coverage of model risk management activities within financial institutions
Strong understanding of model risk regulatory requirements/expectations, including SR26-2 and SR15-18
Familiarity with model risk and control expectations for generative and agentic artificial intelligence
Ability to identify and articulate verbally, and within written reports, gaps or deficiencies in the control environment, risks that need to be mitigated and why, and propose solutions for remediation
Experience managing direct reports to execute an annual audit plan
Solid knowledge and understanding of audit or risk methodologies and supporting tools
Strong understanding of financial regulatory environment
Certification in one or more of the following: CQF, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
Experience leading and providing feedback to staff on audit projects or engagements
Experience with Issue Validation and Remediation
Excellent verbal, written, and interpersonal communication skills

Responsibilities

Manage a team of audit staff responsible for delivering against the annual Model Risk Audit Plan
Assess associated risks and controls and complete engagements within the Model Risk Audit Plan
Strategically evaluate and enhance the audit strategies related to model risk and the adoption of generative and agentic artificial intelligence across the organization
Plan and organize work in an annual cycle, not just the project cycle
Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance
Represent the Model Audit team on the Internal Audit Artificial Intelligence Working Group
Build and maintain a proficient team of auditors
Provide timely feedback, coaching and monitoring of development plans
Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
Manage allocation of people and financial resources for Audit
Develop and guide a culture of talent development to meet business objectives and strategy