Wells Fargo
Senior Quantitative Analytics Specialist - Market Risk
Wells Fargo, Charlotte, North Carolina, United States, 28202
Senior Quantitative Analytics Specialist
Wells Fargo is seeking a Senior Quantitative Analytics Specialist to fill the role within the Market & Counterparty Risk Analytics (MCRA) team. This position will cover researching, developing, testing, analyzing, monitoring, tool-building, and documentation of market risk VaR model in CVA and credit products. In this role, you will: Lead complex initiatives including creation, implementation, documentation, validation, articulation and defense, of market risk model. Perform highly complex activities related to financial products, business analysis and modeling Perform advanced mathematical models using Python, C++ and SQL Use highly complex statistical theory to quantify, analyze and manage markets Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives Utilize structured securities and provide expertise on theory and mathematics behind the data Manage market, credit, and operational risks to forecast losses and compute capital requirements Participate in the discussion related to analytical strategies, modeling and forecasting methods Identify structure to influence global assessments, inclusive of technical, audit and market perspectives Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills Required Qualifications: 4+ 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 Desired Qualifications: Knowledge and experience in market risk VaR models for derivative products PhD in statistics, mathematics, physics, engineering, computer science, economics, or quantitative field; or a master's degree Strong analytical skills with Python programming and C++ programming expertise in model development. Strong financial modeling knowledge in stochastic calculus and numerical computation Strong analytical/quantitative problem-solving skills. Knowledge and understanding of financial products and financial modeling Strong time management skills and ability to meet deadlines Ability to deliver results with speed and agility Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important Excellent verbal, written, and interpersonal communication skills Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment Job Expectations: This position offers a hybrid work schedule. Willingness to work on-site at stated location on the job opening. We Value Equal Opportunity Wells Fargo is an equal opportunity employer. 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. 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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo. Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more. Wells Fargo Recruitment and Hiring Requirements: Third-Party recordings are prohibited unless authorized by Wells Fargo. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Wells Fargo is seeking a Senior Quantitative Analytics Specialist to fill the role within the Market & Counterparty Risk Analytics (MCRA) team. This position will cover researching, developing, testing, analyzing, monitoring, tool-building, and documentation of market risk VaR model in CVA and credit products. In this role, you will: Lead complex initiatives including creation, implementation, documentation, validation, articulation and defense, of market risk model. Perform highly complex activities related to financial products, business analysis and modeling Perform advanced mathematical models using Python, C++ and SQL Use highly complex statistical theory to quantify, analyze and manage markets Forecast losses and compute capital requirements providing insights, regarding a wide array of business initiatives Utilize structured securities and provide expertise on theory and mathematics behind the data Manage market, credit, and operational risks to forecast losses and compute capital requirements Participate in the discussion related to analytical strategies, modeling and forecasting methods Identify structure to influence global assessments, inclusive of technical, audit and market perspectives Collaborate and consult with regulators, auditors and individuals that are technically oriented and have excellent communication skills Required Qualifications: 4+ 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 Desired Qualifications: Knowledge and experience in market risk VaR models for derivative products PhD in statistics, mathematics, physics, engineering, computer science, economics, or quantitative field; or a master's degree Strong analytical skills with Python programming and C++ programming expertise in model development. Strong financial modeling knowledge in stochastic calculus and numerical computation Strong analytical/quantitative problem-solving skills. Knowledge and understanding of financial products and financial modeling Strong time management skills and ability to meet deadlines Ability to deliver results with speed and agility Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important Excellent verbal, written, and interpersonal communication skills Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment Job Expectations: This position offers a hybrid work schedule. Willingness to work on-site at stated location on the job opening. We Value Equal Opportunity Wells Fargo is an equal opportunity employer. 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. 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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo. Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more. Wells Fargo Recruitment and Hiring Requirements: Third-Party recordings are prohibited unless authorized by Wells Fargo. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.