Job Information
Wells Fargo Equities Trade Derivatives Model Quant - Vice President in NEW YORK, New York
About this role:
The applicant will join the CIB Quant Development team to help advance the Equities modeling capabilities. Additionally, we are looking for candidates with programming/development background to support the modeling libraries and work closely with technology to integrate and support them into production.
They will:
Develop Equities quantitative models, implement these models in a cross asset model library, and 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
In this role, you will:
Lead or participate in moderately complex initiatives and deliverables within Securities Quantitative Analytics
Contribute to large-scale departmental planning
Combine mathematical programming and market expertise to build and generate systematic strategies
Review and analyze moderately complex business, operational, or technical challenges within Securities Quantitative Analytics that require an in-depth evaluation of variable 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 moderately complex issues independently
Lead team to meet deliverables while leveraging solid understanding of Securities Quantitative Analytics policies, procedures, and compliance requirements
Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals
Lead projects, teams, or serve as a mentor for less experienced staff
Play an integral role to the trading floor
Required Qualifications, US:
- 4+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Preferred Qualifications:
A PhD degree in a quantitative/computing discipline, eg Mathematics, Physics, Statistics, Computer Science, or similar.
Front office Derivatives Quant modeling experience, or comparable buy-side quantitative experience in derivatives modeling (preferably in Equity Derivatives).
Applied knowledge and understanding of stochastic calculus, stochastic processes, and derivatives valuation (preferably as used in Equity Derivatives modeling).
Applied knowledge and understanding of derivative products numerical solution methods such as; binomial trees, Monte Carlo, and finite difference methods.
Applied knowledge/experience in C++ and coding in a model library environment with multiple contributors.
Good verbal, written, interpersonal communication skills, and rapid synthesis of information.
Other Desired Qualifications:
Applied knowledge/experience in Python.
An advanced degree such as Masters or PhD in a quantitative/computing discipline, eg Mathematics, Physics, Statistics, Computer Science, or similar.
Applied knowledge/experience in modeling for Equity Derivatives Structured/Exotic Products.
Highly driven to take ownership of projects from start to finish.
Job Expextations:
- The base salary range for this role in NY, NY is $138,500-$250,000
Pay Range
$138,500.00 - $287,600.00
Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement
Posting End Date:
3 May 2024
* Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Company: WELLS FARGO BANK
Req Number: R-330809
Updated: Sun Mar 31 00:00:00 UTC 2024
Location: NEW YORK,New York