Front Office FX Quant, Wells Fargo

Wells Fargo

Location:
United States, New York ▼
Charlotte

Category:
Finance

Contract Type:
Employment contract

Salary:

144400.00 - 300000.00 USD / Year

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Job Description:

Our Corporate & Investment Banking Front Office Quantitative Model Development Team is working on a strategic buildout initiative. This strategic initiative will enhance our ability to partner and deliver excellent quality and service to our trading and sales partners as our platform continues to grow. Wells Fargo is seeking candidates for the role of Senior Lead Securities Quantitative Analytics Specialist, which is a Vice President level role within the Corporate & Investment Banking organization (CIB). The successful candidate will be part of a team responsible for developing and implementing quantitative models and tools for Foreign Exchange (“FX”) and Non-USD Rates risk management, trading, and pricing with focus on areas like forecasting, optimization, and risk mitigation. This is part of a strategic initiative to build new models that will be integrated into a holistic markets quantitative risk and trading platform. Specific work will be spearheaded by the Front Office FX and Non-USD Rates Quant group but will be integrated into a cross asset-class platform within CIB.

Job Responsibility:

Design, development, and implementation of quantitative models for FX and Non-USD Rates risk management, trading strategies, and pricing of FX and Non-USD Rates products
Participate in the analysis, design, implementation, testing, and delivery of derivative pricing and trading models for FX and Rates products, providing expertise in relevant software design, implementation, and performance optimization
Effectively communicate and partner with Business Stakeholders, other Quant Teams, Technology, Risk, and Project Management
Deliver high-quality software and documentation
Work closely with the trading desk on short-term projects and support of existing models, as well as working within the Quant team on wider projects for the business
Proactively participate in complex software design & development activities within an Agile environment
Contribute to large-scale project planning, balancing short and long-term objectives
Use quantitative and advanced technologies to solve complex business problems
Meet deliverables while adhering to policies, procedures, and compliance requirements
Collaborate and consult with peers, colleagues, trading desks, and project managers to resolve issues and achieve goals
Effectively communicate with and build consensus with all project stakeholders
Serve as a mentor for less experienced staff

Requirements:

5+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
5+ years of hands-on coding experience, C++ and Java are most relevant, with an emphasis on numerical optimization
4+ year experience working as a front office desk Quant for FX derivatives, ideally with exposure to exotics Rates derivatives and FX-IR hybrids
Deep knowledge of FX markets and conventions, hedging practices, and calibration issues. Knowledge of Rates markets is a plus
Solid knowledge of financial mathematics, particularly, stochastic calculus, arbitrage, hedging, PDE, Monte-Carlo and other numerical methods
Team player, comfortable on a trading floor, with strong, clear and concise written and oral communication skills
Masters or PhD in quantitative field such as mathematics, statistics, engineering, physics or computer science

Nice to have:

Demonstrated experience in successfully collaborating with others in a change driven environment
Curious to keep up with market practices and recent developments on the pricing and regulatory fronts
Good intuitions on the models and the model results
Strong interest in financial markets and willingness to provide practical solutions for a trading desk

What we offer:

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

Additional Information:

Job Posted:
April 26, 2025

Expiration:
June 13, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Front Office FX Quant