Lead Quantitative Analytics Specialist, Wells Fargo

Wells Fargo

Location:
United States, Charlotte ▼
New York

Category:
Finance

Contract Type:
Employment contract

Salary:

159000.00 - 305000.00 USD / Year

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Job Description:

Wells Fargo Internal Audit is seeking a skilled Lead Quantitative Analytics Specialist to provide audit coverage of models used to support the trading, investment, and mortgage servicing right portfolios (and associated risk management activities) across the organization. This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as mortgage banking, market risk, trading products, counterparty credit risk, and wealth & investment management.

Job Responsibility:

Execute model audit engagements and technical audit reviews of models
Provide credible challenge within the third line of defense auditing of modeling practices in the company. This includes evaluation of development documentation, validation activities, ongoing monitoring
Serve as subject matter expert to Wells Fargo Internal Audit staff, senior management, and business partners on regulatory expectations, model risk policy, and current industry modeling practices
Produce quality deliverables suitable for senior management and external distribution
Communicate testing findings and conclusions verbally and in writing to key stakeholders
Build and maintain relationships with internal and external model stakeholders
Understand model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise
Develop an understanding of Wells Fargo audit methodology and policy
Develop business knowledge of capital market related modeling areas
Work effectively independently and within a team
Champion opportunities and recommendations for process improvement

Requirements:

5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science

Nice to have:

A PhD in a quantitative discipline
4+ years of experience in the development, validation, or auditing of interest rates, derivative pricing, market risk, or counterparty risk models in the financial services industry, preferably with a large bank
Capital markets and derivatives: knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS), capital market structures, market risk management practices, and general derivative pricing theories
Quantitative and numerical methods skills: solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies
Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel – FRTB
Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Strong organizational, multitasking, and prioritizing skills
Good analytical skills with high attention to detail and accuracy
Excellent verbal, and written communication skills, ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background
Demonstrated ability to lead junior team members
Strong work and professional ethics
Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS

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:
September 11, 2025

Expiration:
September 15, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Lead Quantitative Analytics Specialist