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Wells Fargo is seeking a Lead Securities Quantitative Analytics Specialist, a Vice President position, to fill the role within the Corporate & Investment Banking (CIB) Market and Counterparty Risk Model Development team within our (CCMA) Counterparty Cross-Margining Analytics team. This position will cover researching, developing, implementing, testing, analyzing, monitoring, and documentation of market and counterparty risk management and regulatory capital models, with a focus on Prime Brokerage business and Cross-Margining initiative. The successful candidate will collaborate closely with stakeholders across risk management, model validation, and technology functions to deliver robust and effective risk analytics solutions.
Job Responsibility:
Lead complex initiatives with broad impact and act as key participant in large-scale planning for Securities Quantitative Analytics
Develop automated trading algorithms, create cutting-edge derivative pricing models and empirical models, to provide insight into market behavior
Review and analyze complex multi-faceted, larger scale or longer-term business, operational, or technical challenges that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
Use quantitative and technological techniques to solve complex business problems
Conduct research on trading cost models, liquidity models, risk models, portfolio construction methodology, and signal generation
Resolve issues and achieve goals
Make decisions on complex and multi-faceted situations requiring understanding of Securities Quantitative Analytics, policies, procedures, and compliance requirements
Influence and lead the broader work team to meet deliverables and drive new initiatives
Lead projects, teams, or serve as a peer mentor
Collaborate and consult with peers, colleagues, and mid-level to senior managers
Play an integral role to the trading floor
Applying advanced mathematical expertise in stochastic modeling and OTC derivatives to formulate, implement, and enhance quantitative model development strategies, supporting rigorous analysis and data-driven decision-making for products and business initiatives with significant organizational impact
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
PhD degree or equivalent in mathematics, physics, engineering, computer science, economics, finance or quantitative field
Extensive experience in OTC products pricing and risk model development, implementation, testing, documentation, validation, and maintenance
Experience with Equities, Rates, Credit, model development for counterparty cross margin risk
Extensive hands-on coding experience in Python, C++ and SQL with strength in AI auto coding models
Excellent verbal, written, and interpersonal communication skills and sense of urgency
Provide guidance, support, and mentorship to junior team members to foster their professional growth and ensure successful onboarding and skill development
Solid knowledge of regulatory guidelines for counterparty credit risk management and regulatory requirements for market risk, e.g. Basel 2.5 and FRTB
Strong financial modeling knowledge in financial mathematics, particularly in stochastic calculus and numerical methods
Delivery focused with extensive experience partnering with technology to deploy models in the system
Ability to work on multiple projects and effectively organize tasks, manage time, set priorities, work under pressure, meet deadlines, and deliver results with speed and agility
Demonstrated experience in successfully collaborating with others in a change driven and dynamic environment and across all organizational levels, where flexibility, collaboration, and adaptability are important