Wells Fargo
Nationwide banking and financial services
Quantitative Analytics Intern - Risk Analytics and Decision Sciences
The internship runs in Charlotte, North Carolina, with an offsite induction week.
About the job
- At least 2 years of work experience, or equivalent demonstrated through work experience, training, military experience, or education.
- Currently pursuing a PhD in Statistics, Data Science, Mathematics, Econometrics, Computer Science, Engineering, or a related quantitative field, with an expected graduation date after December 2027.
- Programming proficiency in at least one of Python, R, SQL, Spark, or Java for data and statistical analysis applications.
- Strong quantitative and analytical skills, including data analysis, modeling, visualization, statistics, research, and generative artificial intelligence.
- Ability to apply data and software engineering skills to design, develop, and deliver scalable solutions.
- Strong communication skills and the ability to work collaboratively in analytical settings.
- Business acumen and commitment to supporting data-informed business outcomes.
- Ability to support risk assessments and apply risk controls in a disciplined, data-driven environment.
- Present authorization to work for any employer in the United States without requiring work visa sponsorship from Wells Fargo now or in the future.
- Forecast loss and revenue for credit card loan portfolios.
- Develop credit scorecards for consumer decisioning strategies.
- Build models to identify money laundering patterns across large transaction databases.
- Predict operational losses using statistical and machine learning modeling.
- Apply statistical and quantitative techniques to validate model design, calibration, and implementation.
- Contribute to strategic business goals through on-the-job project experiences.
- Support applicable risk and compliance programs, including credit, market, financial crimes, operational, and regulatory compliance programs.
- Follow applicable company policies and procedures, fulfill risk and compliance obligations, and escalate and remediate issues appropriately.
- Participate in proactive monitoring, governance, risk identification and escalation, and sound risk decision-making.
- Ability to execute with urgency, adapt quickly, and drive operational excellence with strong data management and an enterprise mindset.
- Ability to foster an inclusive environment and actively seek, apply, and respond to feedback.
- Strong business acumen and commitment to providing excellent service.
About the company
Wells Fargo provides banking, investment, and payment services to individuals, businesses, and institutions. Its products include checking and savings accounts, loans, credit cards, wealth management, and payments, accessible through branches, online and mobile platforms, and full payment rails. The company combines a wide national footprint with a long history and a business model that integrates banking, investment, and payments, supported by a large network of branches and ATMs. Its goal is to help customers manage money, grow wealth, and move funds safely and reliably.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
1851
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Simplify's Take
What believers are saying
- June 2025 asset-cap removal and September 2026 prime-rate hike improve lending flexibility and NII.
- Bloomberg reported August 27, 2026 adviser recruiting added $17 billion in assets this year.
- September 22, 2026 Get Money Ready broadens low-cost customer acquisition and financial engagement.
What critics are saying
- September 17, 2026 layoffs in West Des Moines show AI still shrinks headcount.
- CFPB remediation and OCC oversight continue draining management time and capital through 2026.
- A major controls failure would reopen growth restrictions and cap Wells Fargo's franchise recovery.
What makes Wells Fargo unique
- Wells Fargo combines national consumer banking, commercial banking, and wealth under one franchise.
- Its 2026 tokenized deposits launch targets corporate payments, differentiating through regulated blockchain settlement.
- Advisor Gateway and independent-adviser recruitment deepen wealth distribution after five years of rebuilding.
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Benefits
Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Parental Leave
Disability Insurance
Life Insurance
Tuition Reimbursement
Commuter Benefits
Adoption Assistance
Company News
The Federal Reserve raised interest rates by 25 basis points to 3.75–4% on 16 September 2026, its first increase since July 2023. The move could support Wells Fargo's net interest income (NII), as higher rates typically allow banks to earn greater yields on loans and interest-earning assets. Wells Fargo's NII rose 5.2% year-over-year in the first half of 2026, driven by lower deposit costs and stronger loan balances. The Fed's removal of the bank's asset cap in June 2025 has given Wells Fargo additional flexibility to expand lending. However, higher deposit costs and potential credit demand weakness may limit gains. Wells Fargo expects 2026 NII of $50 billion.
Snorkel AI has raised $350 million at a $3.5 billion valuation, nearly triple its $1.3 billion valuation from May 2023. The San Francisco-based data startup's annualized revenue has surged to $350 million from roughly $20 million a year earlier, driven by its data-as-a-service business launched in September 2023. Founded in 2019 by Stanford AI lab researchers, Snorkel shifted from selling software to supplying finished datasets and reinforcement-learning environments for AI training. The company uses an "agentic data development platform" combining human experts with specialised AI models to create and verify training data across fields including coding, law and medicine. Led by Insight Partners and S32, the funding round included Addition, Greylock and Wells Fargo. Snorkel will use the capital to hire researchers and engineers whilst expanding enterprise and government operations. The company expects to reach profitability this year.
Form Energy has closed a $270 million credit facility to support its energy storage technology development. The facility comprises a revolving credit facility and a tax credit advance facility linked to Section 45X Advanced Manufacturing Production Credit. An accordion feature allows the facility to expand to $1 billion. Barclays served as sole structuring bank, with Citi, Jefferies, JPMorgan Chase, RBC Capital Markets, Societe Generale, Stifel, and Wells Fargo participating in the lending syndicate. The financing follows Form Energy's $750 million Series G funding round in August, bringing total equity raised to over $2 billion. Proceeds will fund manufacturing scale-up and working capital as the company produces iron-air battery systems at its Weirton, West Virginia facility.
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