About this role:Wells Fargo is seeking a seasoned senior Quant to join as the Senior Lead of Front Office PFE and XVA Modeling
In this role, you will:- Manage and develop a specialized team of front office Quants with focus on delivering PFE and XVA models
- Play an integral role on the trading floor
- Develop cutting-edge derivative pricing and risk models
- Identify opportunities and strategies for process improvement and risk control development
- Analyze exposures and participate in structuring transactions to meet client needs
- Lead Securities Quantitative Analytics team by making strategic decisions to resolve highly complex issues to meet higher risk deliverables
- Design and develop complex parallel computing architectures, trading tools, and advanced algorithm
- Interpret and develop range of policies and procedures for functions with moderate to higher complexity and risk
- Collaborate with and influence all levels of professionals, including senior leadership
- Manage allocation of people and financial resources for Securities Quantitative Analytics
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:- 6+ years of Securities Quantitative Analytic experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3+ years of management experience
Desired Qualifications:- 6+ years strong experience in Securities Quantitative Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, education
- 6+ years expertise in front office derivatives modeling in a sell side environment.
- 6+ years experience PFE and XVA modeling
- 3+ years managing a team of direct reports
- Programing skills in model implementation with C++
- Experience partnering with Trading and Sales partners
- PhD in mathematics or like discipline
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$173,300.00 - $359,900.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:29 Dec 2024
* Job posting may come down early due to volume of applicants. We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
