Lead Quantitative Analytics Specialist, Wells Fargo

Wells Fargo

Location:
United States, Charlotte

Category:
Finance

Contract Type:
Employment contract

Salary:

159000.00 - 254000.00 USD / Year

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Job Description:

Lead Quantitative Analytics Specialist (VP) in Model Risk Management, Trading and Markets Risk Models division responsible for validation, performance monitoring and oversight of models used in trading, market and counterparty risk management

Job Responsibility:

Perform model validations and clearly documenting narrative of validation perspective
Provide effective challenge to models developed in the lines of business
Develop alternative benchmarking models or replicating LOB models
Reduce model risks to meet or exceed regulatory and industry standards
Identify conceptual weaknesses in a model and understanding tradeoffs with other approaches
Communicate model issues and limitations to key stakeholders
Contribute to improvement of model building and use practices
Provide leadership and consultation to less experienced validators
Provide analytical support and offer insights regarding a wide array of business initiatives
Interact with senior management and regulators on key modeling issues
Manage relationships with key model stakeholders

Requirements:

6+ years of Quantitative Analytics experience
Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
PhD in quantitative fields such as Mathematics, Statistics, Engineering, Physics, Economics or Computer Science
Relevant experience in model development, research, or validation in the areas of computational mathematics
Hands-on object-oriented coding experience (Python, C++ and Java)
Knowledge of stochastic processes, stochastic calculus, Monte Carlo methods, numerical methods (finite differences, optimization)
Knowledge of derivatives products and related market risk management process
Experience as quantitative analyst of financial models
Excellent understanding of derivatives pricing theory and hands-on experience in development, validation or research in derivatives pricing models
Electronic and Algo trading, Equities market microstructure and trading workflows
Knowledge of regulatory requirements and industry practices of model risk management under SR 11-7

Nice to have:

PhD in quantitative fields
Electronic and Algo trading experience
Equities market microstructure knowledge
Trading workflows experience
Order execution algorithms knowledge
Market signal events with statistical analysis and machine learning
Trade cost analysis tools

What we offer:

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

Additional Information:

Job Posted:
August 19, 2025

Expiration:
August 24, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Lead Quantitative Analytics Specialist