Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
About Wells Fargo India
- Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Independent Risk Management (IRM) is a key component of WFEGS. Consumer Credit Risk Management within IRM brings a Team Member-based approach to the international talent pool focusing on analytical requirements. It encompasses roles that deliver insights and analysis based on skills, experience and judgment. Team Members exercise this judgment under general direction versus rule-driven processing. Processes and services performed in this area tend to be based on skills, domain knowledge and intellectual capability.
About the Role:
The Small Business Lending Credit Risk team oversees the credit policy and risk management activities for Small Business Lending portfolio. Small Business Lending Credit Risk is looking for an experienced credit risk professional to specifically support analysis and reporting across different products. The Consumer Credit Senior Assosiate will be a part of Small Business Lending team that is geographically split between the US & India and will be responsible for monitoring and analyzing trends for analyzing transaction fraud trends in SBL (Small Business Lending) portfolio and on updating the daily/weekly/monthly reports. Role will also require to find solutions to mitigate fraud risk by proposing new rules and work on getting rules implemented in the system. Apply analytics to support risk management regarding data requirement, credit performance, fraud analytics, business analysis.
Qualified candidates must have excellent communication skills, high degree of initiative, strong partnering and interpersonal skills, solid project/process management skills, as well as critical analytical thinking and SAS coding skills. Qualified candidates must also possess a results driven attitude committed to quality work.
Responsibilities include, but are not limited to:
Developing and maintaining reports to monitor new originations via digital channel for Small Business Lending. Providing insights for improvements in fraud strategy for accounts booked via digital channel.
Identifying emerging trends and conducting deep dive analysis to determine drivers
Monitoring originations volume and performance of conforming loans that were booked within the credit policy vs those booked as an exception to credit policy
Effectively navigating multiple data sources and analyzing and interpreting large data sets
Providing ad-hoc reporting and data mining support
Communicating analytical findings to management
Effectively leverage analytical tools such as SAS
Supporting recurring and ad hoc reporting packages for management
Market Skills and Certifications
Over all experience around 4+ years in similar role with at least 2 years of unsecured lending experience in reporting or analytic functions
Bachelor's degree or higher in a quantitative fields such as applied mathematics, statistics, engineering, finance, economics, econometrics or computer sciences
Strong knowledge of Excel/VBA/MS Office Products
Expertise in SAS, macros, SPSS or R
Understanding of credit risk or data analytics domain
Direct experience building and automating production, and/or performance reports
Strong analytical skills with high attention to detail and accuracy
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Good verbal, written, and interpersonal communication skills
Ability to develop partnerships and collaborate with other business and functional areas
Experience determining root cause analysis
A credit risk management analyst with at least 4 years of increasing responsibility within consumer lending
Advanced degree in Statistics/Finance/Engineering/other quantitative disciplines
Understanding of analytic/scored decisioning environment
Demonstrated excellence at developing sound credit processes and enhancing existing processes
Proficiency in Advanced SAS and SAS macros; Tableau or BI/automation tools
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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