Quant Equities at Wells Fargo in New York, New York

Posted in Other 3 days ago.





Job Description:

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

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. Note: Additional OCC language is required to be added to Wholesale job openings. This language should be added at the bottom of the job description.

The applicant will join the Securities Division Quantitative Strategies Quant Team to help advance Equity Derivatives Modeling. Additionally, we are looking for candidates with programming/development background to support the modeling libraries and work closely with technology to integrate and support them into production.

Responsibilities for this position include, but are not limited to:
  • Develop Equities quantitative models, implement these models in a cross asset model library, and 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.

 

Required Qualifications

  • 7+ years of experience in capital markets, industry experience within the specific sector of the position, or a combination of both
  • 7+ years of quantitative development experience
  • 5+ years of derivatives experience
  • 3+ years of front office derivatives Quant model experience
  • 3+ years of C++ 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

Desired Qualifications

  • Strong analytical and quantitative skills
  • Effective organizational, multi tasking, and prioritizing skills
  • 5+ years of C++ experience
  • Knowledge and understanding of stochastic calculus, stochastic processes, and derivatives valuation
  • Knowledge and understanding of derivative products: pricing methodologies such as; trees, Monte Carlo, and finite difference methods
  • Knowledge of capital market and derivatives products
  • Good verbal, written, and interpersonal communication skills
  • Knowledge and understanding of Python

Other Desired Qualifications
  • Equity Derivatives modeling experience
  • Python development experience
  • C++ 11 development experience

Job Expectations

  • Ability to work outside of regular business hours

Salary Information

To be determined

Street Address

NY-New York: 30 Hudson Yards - New York, NY

Disclaimer

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.

Benefits Summary

Benefits
 

Visit https://www.wellsfargo.com/about/careers/benefits  for benefits information.