At a Glance
- Tasks: Support model governance and compliance for AI and traditional models at Wells Fargo.
- Company: Join Wells Fargo, a leader in financial services with a commitment to risk management.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Why this job: Make an impact in risk management while working with innovative technologies.
- Qualifications: Experience in Risk Management or related fields; strong communication skills required.
- Other info: Flexible support across various risk activities and excellent career advancement opportunities.
The predicted salary is between 28800 - 48000 £ per year.
Wells Fargo is seeking an Enterprise Risk Specialist to support model governance activities within Wells Fargo's International Independent Risk Management (IRM) function, ensuring robust oversight and compliance across the firm's expanding model landscape, including AI models. This role is critical in driving governance initiatives forward and maintaining adherence to Model Risk Management standards and will be responsible for model onboarding, model risk appetite monitoring, model risk reporting, audit and testing engagement as well as model risk change related activities. The role may also require occasional support with other Enterprise Risk activities within IRM, such as ICARA (Internal Capital and Risk Assessment), legal entity risk strategy reviews and reputational risk reporting, amongst other items.
In this role, you will:
- Support the governance and oversight of the international model landscape, including traditional and AI/ML models, ensuring alignment with Wells Fargo's Model Risk Management standards.
- Lead and contribute to key model governance activities, including model onboarding, risk appetite monitoring, periodic assessments, and model lifecycle change processes.
- Develop, produce, and enhance model risk reporting, providing clear insights to senior stakeholders across International Independent Risk Management (IRM) and relevant governance committees.
- Engage with internal audit, testing & validation teams, coordinating reviews, facilitating evidence requests, and tracking remediation activities to completion.
- Assess and challenge model-related risks, reviewing documentation, governance artefacts, and business processes to ensure effective control environments and regulatory compliance.
- Contribute to the strengthening of model governance frameworks, supporting the design, implementation, and continuous improvement of international risk governance processes and standards.
- Collaborate closely with risk partners and front-line teams, acting as a subject-matter resource on model governance expectations, policy requirements, and emerging risk themes.
- Identify, develop, and deliver training materials to enhance risk awareness and support consistent application of model risk standards across international jurisdictions.
- Provide flexible support across broader IRM activities when required, including contributions to ICARA, legal entity risk strategy reviews, and reputational risk reporting.
Required Qualifications:
- Experience in Risk Management (Credit Risk, Market Risk, Operational Risk, Stress Testing) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Excellent communication and stakeholder‑management skills, with the ability to work well with specialists and non-specialists across the organisation.
Desired Qualifications:
- Experience in Model Risk Management or Model Governance, ideally within a financial services or regulated environment.
- Experience interpreting and applying risk policies, governance frameworks, or regulatory requirements, particularly those relating to enterprise risk or prudential risk management.
- Experience interpreting information for senior leadership reporting and training materials.
- Understanding of broader Enterprise Risk disciplines, such as ICARA, reputational risk, or legal entity governance.
We Value Equal Opportunity. Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Enterprise Risk Specialist employer: Wells Fargo & Company
Contact Detail:
Wells Fargo & Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Enterprise Risk Specialist
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Wells Fargo on LinkedIn. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of model governance and risk management. We want to show that we’re not just familiar with the terms, but we can also discuss how they apply in real-world scenarios.
✨Tip Number 3
Practice common interview questions related to risk management. We can role-play with a friend or use online resources to get comfortable articulating our thoughts clearly and confidently.
✨Tip Number 4
Don’t forget to follow up after the interview! A quick thank-you email can keep us fresh in their minds and shows our enthusiasm for the role. Plus, it’s a great chance to reiterate why we’re the perfect fit!
We think you need these skills to ace Enterprise Risk Specialist
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in Risk Management and Model Governance. We want to see how your skills align with the specific requirements of the Enterprise Risk Specialist role.
Showcase Your Communication Skills: Since this role involves engaging with various stakeholders, it’s crucial to demonstrate your excellent communication abilities. Use clear and concise language in your application to reflect this skill.
Highlight Relevant Experience: Don’t forget to emphasise any previous experience you have in model risk management or related fields. We’re looking for candidates who can hit the ground running, so make sure to showcase your relevant background.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it’s super easy to do!
How to prepare for a job interview at Wells Fargo & Company
✨Know Your Models
Familiarise yourself with the different types of models, especially AI and ML models, that Wells Fargo uses. Be prepared to discuss how these models fit into the broader risk management framework and demonstrate your understanding of model governance.
✨Showcase Your Communication Skills
Since this role involves engaging with various stakeholders, practice articulating complex risk concepts in a clear and concise manner. Use examples from your past experiences to illustrate how you've effectively communicated with both specialists and non-specialists.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle model-related risks and compliance issues. Think of specific scenarios where you had to challenge model risks or improve governance frameworks, and be ready to explain your thought process and actions.
✨Demonstrate Continuous Improvement Mindset
Wells Fargo values ongoing enhancement of risk governance processes. Be ready to discuss how you've contributed to improving risk management practices in previous roles, and share ideas on how you could bring that mindset to their team.