About this role:

Wells Fargo is seeking a Senior Securities Quantitative Analytics Specialist who is responsible for performing complex activities related to the design, development, validation, implementation, documentation, and on-going maintenance of securities quantitative models for Pricing/Risk that offer insights and recommendations on portfolio performance for the front office team.  Utilizes advanced mathematical skills and programming to create and validate analysis.

Department Overview

Corporate & Investment Banking (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. The Markets vertical is an integral part of CIB. The Model Development and Maintenance (MDM) team is an extension of the US Front Office team, and works with the global quants team to develop and monitor models. The team works in various asset classes like Interest Rate, Credit, Equity, Commodity, FX and XVA on models that are used for pricing, risk management and stress testing

In this role, you will:

Lead or participate in moderately complex initiatives and deliverables within Securities Quantitative Analytics

Contribute to large-scale departmental planning

Combine mathematical programming and market expertise to build and generate systematic strategies

Review and analyze moderately complex business, operational, or technical challenges within Securities Quantitative Analytics that require an in-depth evaluation of variable factors

Use quantitative and technological techniques to solve complex business problems

Conduct research on trading cost models, liquidity models, risk models, portfolio construction methodology, and signal generation

Resolve moderately complex issues independently

Lead team to meet deliverables while leveraging solid understanding of Securities Quantitative Analytics policies, procedures, and compliance requirements

Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals

Lead projects, teams, or serve as a mentor for less experienced staff

Play an integral role to the trading floor

Required Qualifications:

4+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Partner with the trading desk in daily tasks such as model calibration and pricing/risk management issues and strategies

Work in our quant library, contributing to our modeling efforts, and providing expertise on implementation issues

Produce high quality model documents that satisfy model validation and regulatory requests

Collaborate with and support Front office Trading, Technology Partners, and Model Validation/Governance teams.

Participate in model development and deployment

Testing and testing documentation

Participating in unit testing, large scale Quant testing, pre-integration testing, integration testing, regression testing, UAT

Checking the consistency and accuracy of quantitative models

Testing tools and testing (partial) automation

Developing testing scripts and automation scripts, e.g., for the Quant testing framework

Participation in issue resolution

Debugging case preparation (to produce isolated cases to demonstrate the issues) for the US Quants or the traders

Debug and conclude data issues/model input issues

Produce high quality model documentation

Participating in the creation, execution and development of Front Office test plans

Participation in the creation, execution and development of model monitoring plans

Writing code (in Python, C++ etc.) and refactoring code

Actively participating and contributing in team discussions on project specific areas/assignments

Maintaining proper documentation of all processes and keeping the code up to date

Answering ad hoc questions from various stakeholders including US Front Office Quants, populating templates or creating new reports/extracts as requested by stakeholders

Play an integral role to the trading floor

Job Expectations:

A Master’s or PhD in a quantitative field such as math, statistics, engineering, physics, economics, computer sciences, etc with exposure to stochastic calculus.

4+ years of experience in Securities Quantitative Analytics model development in any one asset class (FX,Rates,Equity,Commodity,CVA,Credit ) , or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Good verbal, written, presentation and interpersonal communication skills

Hands-on experience in programming in, e.g., Python or C++

Knowledge or experience in derivatives Quant models for, e.g., interest rate derivatives or commodities derivatives or equity or FX or Credit derivatives or XVA

Ability to learn quickly and work collaboratively within a team in a dynamic and fast paced environment with multiple responsibilities but still following strict deadlines

Good writing skills for technical/mathematical documents, e.g., LaTeX and other word processing programs

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.