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At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
The applicant will join the Securities Division Quantitative Strategies Quant Team to help advance Macro RatesFX Derivatives Modeling. In particular we are looking for candidates with programming/development background to support the modeling libraries, with a specific focus on yield curves, both in the context of single and cross currency derivatives.
The successful candidate will:
Revamp curve analytics in our Quant libraries, from Class Structure to implementation details (bootstrapping, data model, serialization)
Work with Technology teams to facilitate curve publishing using our libraries
Work with Technology teams consuming our curves in all aspects of integration, with special focus on Vasara, our strategic risk platform.
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
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.
5+ years of experience in capital markets, industry experience within the specific sector of the position, or a combination of both
5+ years of quantitative development experience
Master s degree or higher in a quantitative field such as applied math, statistics, engineering, physics, economics, econometrics, computer sciences, or business, social and behavioral sciences with a quantitative emphasis
3+ years of C++ experience
Excellent verbal, written, and interpersonal communication skills
Knowledge of financial mathematics, such as stochastic calculus
Knowledge of capital market and derivatives products
1+ year of Java experience
Knowledge and understanding of financial products and associated mathematical concepts
Strong, clear and concise written and oral communication skills
Other Desired Qualifications
Experience in building yields curves with different, modern methods (Jacobian projections, Bootstrapping, Minimizing).
Experience in linear products: Swaps (single and cross currency), Bonds, Futures
Knowledge of different markets (Dollar, Non-Dollar, etc)
The salary range displayed below is based on a Full-time 40 hour a week schedule.
NY-New York: 30 Hudson Yards - New York, NY NC-Charlotte: 550 S Tryon St - Charlotte, NC CA-SF-Financial District: 333 Market St - San Francisco, CA
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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