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.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Wells Fargo Bank N.A. seeks a Securities Quantitative Analytics Associate in McLean, VA.
Job Role and Responsibility: Work independently on the development, testing, and implementation of cutting-edge mortgage valuation and empirical models for the valuation and risk management of mortgage and fixed-income products; Lead complex initiatives and deliverables within mortgage quantitative analytics and modeling; Combine mathematical, programming, and market expertise to provide quantitative strategies to stakeholders to solve complex business problems including capital market business, investment portfolio management, and home lending; Create cutting-edge mortgage valuation and risk models and empirical models to provide key quantitative decision support to identify and quantify the drivers in mortgage securities' market value change for the efficient risk management of large scale mortgage security portfolio. Telecommuting is permitted up to 2 days a week. Position must appear in person to the location listed as the work address.
Travel required: None
Required Qualifications: Master's degree in Finance, Statistics, Mathematics, or related quantitative field. Position requires 2 years of experience in the job offered or in a related quantitative analytics role.
Specific skills required:
2 years of hands-on experience in model design and integration with cloud server, version control, deployment automation, and data warehousing
2 years of experience in fixed income analytics systems including Polypaths, Intex Solutions, and QRM
2 years of experience in developing mortgage-backed securities and interest rate derivative models using stochastic process, probability theory, time-series, and machine learning techniques
2 years of experience in developing RMBS and CMO pricing model using OAS framework
2 years of experience in manipulating large-scale datasets using SQL, Matlab, and R
2 years of experience in working with model validation group to prove the model's conceptual soundness and documenting the model's design, specification, testing outcomes, performance, and monitoring results
2 years of experience with MBS modeling topics including sophisticated term structure model SOFR market model, prepayment/loss model, current coupon model, and primary-secondary spread model
2 years of experience in object-oriented programming language including Python and C++
2 years of experience in optimizing code using multi-core CPU parallel processing for large scale computational work
2 years of experience in SAS, R, C++, Matlab, NoSQL, Linux and Unix operating systems, stochastic modeling, statistical model development, model design and performance, and evaluation testing
2 years of experience using BI tools such as Tableau or PowerBI to present analysis to non-technical- teams
Qualified applicants send resume to: recruiter_inbox@wellsfargo.com and reference Requisition #001826 in the subject line.
Pay Range $0.00 - $0.00 Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement
Posting End Date: 2 May 2024 * 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.
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.