Senior Quantitative Analytics Specialist

About this role:

Wells Fargo is seeking a Senior Quantitative Analytics Specialist.

The role involves working with an industry leading Corporate and Investment Bank in the CIB Markets support team which is part of the Front Office. Specifically, this team does Model Development and Maintenance (MDM) work supporting the Quantitative strategy team. The MDM team is an extension of the US Front Office team. 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. Work activities include but will not be limited to the data and code preparation, data analysis, model testing and documentation of assigned model

In this role, you will:

• Perform highly complex activities related to creation, implementation, and documentation

• Use highly complex statistical theory to quantify, analyze and manage markets

• Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives

• Utilize structured securities and provide expertise on theory and mathematics behind the data

• Manage market, credit, and operational risks to forecast losses and compute capital requirements

• Participate in the discussion related to analytical strategies, modeling and forecasting methods

• Identify structure to influence global assessments, inclusive of technical, audit and market perspectives

• Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills

Required Qualifications:

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

• Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science

Desired Qualifications:

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

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

• Checking the consistency and accuracy of quantitative models

• Performing an extensive set of tests to ensure that Front Office models are robust, consistent and well-behaved under current and distressed market conditions. These activities are formally part of the model development process, and should not be confused with testing that is performed as part of the independent model validation process

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

• Support the Trading Desk if required on any quant related issues

• Compiling and presenting results

• Participating in the production of formal summary and analysis documentation and reporting

• 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

• A Master’s or PhD in a quantitative field such as math, statistics, engineering, physics, economics, computer sciences, etc.

• 4+ Years of experience in Quantitative Analytics and Derivative Pricing

• Computer programing skills (Python, VBA, C++ or other programming languages)

• Writing documents using Microsoft Office tools, LaTeX or other word processing programs

• 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

Job Expectations:

• Strong mathematical, statistical, analytical and computational skills

• Good knowledge of financial mathematics and financial models

• Good verbal, written, presentation and interpersonal communication skills

• Strong programing skills and use of software packages such as Python, VBA, C++

• Eagerness to contribute collaboratively on projects and discussions

Posting End Date: 

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

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.