Lead Economist

About this role:

Wells Fargo is seeking a Lead 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:

• Provide thought leadership on highly 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 relevant bank considerations
• Manage and create forecasting models for macroeconomic and financial variables.
• Communicate complex economic and financial concepts to audiences with a broad range of technical sophistication
• Interact with internal and external stakeholders, economists, regulators, and banking professionals

Required Qualifications:

• 5+ years of Economics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 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.)
• Extensive experience evaluating the strengths and weaknesses of statistical models, documenting those findings, and making modifications 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

Posting End Date:

*Job posting may come down early due to volume of applicants.

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.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.