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Quant CVA

Wells Fargo | New York NY 10292 USA | Full Time | Posted: 12/06/2019

Job Descriptiontop

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally.  Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital.  We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

The applicant will join the Securities Division Quantitative Strategies Quant Team to participate in CVA (Credit Value Adjustment) modeling. 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 CVA 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

Team members 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.



Required Qualifications

  • 5+ years of experience in capital markets, industry experience within the specific sector of the position, or a combination of both
  • 5+ years of quantitative development experience
  • 5+ years of derivatives experience
  • 3+ years of front office derivatives Quant model experience
  • Master s degree or higher in a quantitative field such as applied math, statistics, engineering, physics, economics, econometrics, computer sciences, or business, social and behavioral sciences with a quantitative emphasis
  • 3+ years of C++ experience



Desired Qualifications

  • Excellent verbal, written, and interpersonal communication skills
  • Good verbal, written, and interpersonal communication skills
  • Knowledge of financial mathematics, such as stochastic calculus
  • Knowledge of capital market and derivatives products





Disclaimer


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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Location New York, NY, 10292, United States
Categories Accounting/Bookkeeping/Finance

Location Maptop

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Job Code 5512888-1
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