Wells Fargo

Model Risk Audit Director

Wells Fargo$215K — $355K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years of quantitative analytical experience in relevant fields
  • 4+ years of management or leadership experience
  • 3+ years of audit experience
  • Master's degree or higher in a quantitative discipline

Responsibilities

  • Manage the Model Risk Audit Team and ensure effective execution of the annual audit plan
  • Assess risks and controls associated with model risk and complete audit engagements
  • Enhance audit strategies for model risk in light of AI developments
  • Organize and plan audit work on an annual basis
  • Ensure audits adhere to Internal Audit policies and risk-based standards
  • Represent the audit team in AI working groups within the organization
  • Develop and maintain strong relationships with stakeholders including regulatory agencies

Benefits

  • Comprehensive health benefits
  • 401(k) plan
  • Paid time off
  • Disability benefits and life insurance
  • Parental leave and critical caregiving leave
  • Tuition reimbursement and scholarships for dependent children
  • Adoption reimbursement
  • Commuter benefits
Full Job Description

About this role:

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


Required Qualifications:

  • 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


Desired Qualifications:

  • 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


Job Expectations:

  • Ability to travel up to 10%

  • This position is not eligible for Visa sponsorship

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

$215,000.00 - $355,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit for an overview of the following benefit plans and programs offered to employees.

  • Health benefits
  • 401(k) Plan
  • Paid time off
  • Disability benefits
  • Life insurance, critical illness insurance, and accident insurance
  • Parental leave
  • Critical caregiving leave
  • Discounts and savings
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement

Posting End Date:

16 Jul 2026

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

About Wells Fargo

Wells Fargo Careers

Joining Wells Fargo means becoming part of a distinguished financial institution that has been a cornerstone of innovation and leadership in the banking industry. At Wells Fargo, we offer a plethora of job opportunities designed to empower your career growth and development in a diverse and inclusive environment.

Work You’ll Do

At Wells Fargo, you will be part of a team that values diversity and is committed to fostering an inclusive culture. We are looking for professionals who are eager to drive innovation and lead with integrity. Our employees are our greatest asset, and we invest in their professional growth through comprehensive leadership and diversity training programs that are recognized industry-wide.

Explore a Multitude of Career Paths

Whether you're interested in a position in finance, IT, customer service, or management, Wells Fargo has career opportunities in various fields. Our team members benefit from job stability, competitive benefits, and a culture that values and rewards performance and dedication.

Internship Programs

Kickstart your career with a Wells Fargo internship. Our programs provide invaluable industry exposure, professional skills development, and networking opportunities that often lead to full-time employment offers. Interns at Wells Fargo work on real projects, solve actual challenges, and gain the mentorship of seasoned professionals.

Professional Growth and Development

We believe in nurturing the potential of our employees. Wells Fargo offers robust training programs and resources to help every team member excel in their current roles and prepare for future challenges. Growth at Wells Fargo is not just about climbing the career ladder but expanding your skills and expertise to add value to our team and customers.

Benefits and Rewards

Wells Fargo is committed to the well-being of our team members. We offer a comprehensive benefits package that includes health care, retirement plans, and generous paid time off. Additionally, we provide unique perks like employee discounts, adoption assistance, and tuition reimbursement.

Join Our Team

Discover the opportunities waiting for you at Wells Fargo by exploring open positions that match your skills and interests. We are continuously hiring and looking for individuals who bring creativity, passion, and a drive to serve our customers.

Stay Connected

Keep up to date with the latest from Wells Fargo Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and get insider tips on crafting the perfect resume and acing your interview.

Networking and Innovation

At Wells Fargo, networking and innovation go hand in hand. We encourage our employees to connect across departments and roles to foster new ideas and strategies that lead to groundbreaking solutions.

Empower Your Career

Step into a role at Wells Fargo where your skills will be honed, your achievements recognized, and your career can flourish. We're not just filling positions; we're building leaders who are equipped to navigate the complexities of the financial world. Join Wells Fargo today and be part of a team that’s redefining the future of banking.
Learn more about Wells Fargo
Size
246,577 employees
Market Cap
$155.2 billion
Industry
Net Income
$3.3 billion
Founded
1852
5 Year Trend
-5.9%
NASDAQ

More Jobs at Wells Fargo

More Finance & Insurance Jobs

Find similar Model Risk Audit Director jobs: