Senior Economist
About The Position
Wells Fargo is seeking a Senior Economist. As an Economist for the Wells Fargo Corporate Economics Group, the successful candidate will be responsible for researching, modeling, and forecasting economic conditions. The Economist will perform complex economic and statistical analysis and prepare reports and presentations for executives and senior level management. Specifically, the Economist would be expected to construct econometric models for forecasting purposes and draw inferences about alternative economic conditions in terms of their implication for output, inflation, interest rates, and asset prices. Expertise with economic models, data, and topics is required. Expertise with end-to-end model development and validation is preferred. The Wells Fargo Corporate Economics Group is responsible for developing economic forecast scenarios that provide the basis for important financial planning and risk management activities within Wells Fargo and Company. The team’s scenarios drive loan loss, net interest income, and securities portfolio valuation changes for financial reporting and stress testing including CCAR/DFAST, CECL processes. In this role, you will: Research, evaluate, and interpret complex economic conditions, trends and forecasts Develop economic scenarios and draw inferences about alternative economic conditions in terms of the implication for loan or credit loss, asset valuation, funding costs, and other bank relevant considerations Prioritize new developments in national and international economic trends Manage and assist the creation of forecasting models for macroeconomic and financial variables. Determine methodology and approach to complex research and analysis Interact with internal and external stakeholders, economists, and banking professionals
Requirements
- 4+ years of Economics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Expertise with economic models, data, and topics is required.
Nice To Haves
- Master's degree or higher in economic sub-fields closely related to macroeconomic modeling and economic forecasting
- Extensive experience utilizing analytical methods for statistical analysis, modeling, and forecasting
- Proficiency with using Python and related software for model development
- Extensive experience in use of statistical software (i.e. EViews, R, Python, Stata etc.)
- Experience evaluating the strengths and weaknesses of statistical models, documenting those findings, and making modifications as may be appropriate
- Experience with research, evaluation, and interpretation of highly complex economic conditions, trends, and forecasts
- Experience with banking forecasting processes for CCAR/DFAST & CECL analysis
- Ability to prepare and present updates on model validation, economic trends, and model output to stakeholders
- Expertise with end-to-end model development and validation is preferred.
Responsibilities
- Research, evaluate, and interpret complex economic conditions, trends and forecasts
- Develop economic scenarios and draw inferences about alternative economic conditions in terms of the implication for loan or credit loss, asset valuation, funding costs, and other bank relevant considerations
- Prioritize new developments in national and international economic trends
- Manage and assist the creation of forecasting models for macroeconomic and financial variables.
- Determine methodology and approach to complex research and analysis
- Interact with internal and external stakeholders, economists, and banking professionals
Benefits
- Wells Fargo maintains a drug free workplace.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
