Economics Executive

Wells Fargo Corporate Economics Group

The Wells Fargo Corporate Economics Group is a team of 10 professionals 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 are essential to loan loss, net interest income, securities portfolio valuation and other key metrics for financial reporting and risk management, including regulatory stress testing.

Position and Responsibilities

We are seeking a proven, experienced Economist to lead this dynamic team. As the Chief Economist for the Wells Fargo Corporate Economics Group, the successful candidate will be responsible for leading a team of economists. This entails supervision of their research, model development, forecasting, and presentation of economic and financial conditions.

The Chief Economist will set the research agenda, adjudicate competing priorities, advise management at the most senior levels of the Corporation, and collaborate with financial professionals in risk management and financial planning functions. This individual should demonstrate thought leadership, especially at the nexus of banking and economic conditions, and enjoy a strong reputation in the community of professional forecasters.

The position is very team-oriented and will require extensive interaction with other economists and banking professionals engaged in analysis, forecasting and risk management purposes. Though directly reporting to the Chief Investment Officer, the successful candidate will operate with complete independence. 

Responsibilities include the following:

• Provide vision and set direction for the Economics function
• Provide thought leadership on timely economic and financial issues of importance to the organization
• Consult with management and risk personnel on economic issues and modeling techniques for companywide planning and risk management
• Perform highly complex economic research to determine long-term financial plans and policies
• Consult with management on economic conditions and trends and provide guidance on strategy development
• Collaborate with leadership in development of enterprise governance
• Act as the enterprise spokesperson as it relates to economic conditions and prospects
• Interact with regulators specific to enterprise trends and potential impact on the organization
• Manage allocation of people and financial resources for Economics
• Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications

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

Desired Qualifications

• A Masters degree or higher in a quantitative discipline

• PhD is preferred

• Ability to present technical concepts to senior leaders

• Knowledge and understanding of analytical methods used in: statistical analysis, modeling, and forecasting
• Proficiency with statistical software (i.e. Eviews, RATS, R, Excel, etc.)

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs 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

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• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

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.

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.