Macro Quant Developer

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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.

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.

Required Qualifications

• 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

Desired Qualifications

• 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)

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

NY-New York: Min: $122,500 Mid: $175,000 Max: $227,500
NC-Charlotte: Min: $122,500 Mid: $175,000 Max: $227,500
CA-SF-Financial District: Min: $122,500 Mid: $175,000 Max: $227,500

Street Address

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

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

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