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Senior Securities Quantitative Analytics Specialist

About this role:

Wells Fargo is seeking a Senior Securities Quantitative Analytics Specialist (Senior Associate Vice President) to join the Mortgage Modeling Development Center within the Investment Portfolio.

The Lead Securities Quant hired into this role will be responsible for developing pricing models for agency and non-agency mortgages. The team will support the RMBS Trading Desk, Investment Portfolio and the Mortgage Servicing business. This includes ongoing monitoring and research related to mortgage model performance and the all end implementation and testing of and research into the group’s internal and vendor pricing models.

A successful candidate must have strong expertise in the development of mortgage pricing and risk models, be familiar with Residential Mortgage-Backed Securities (RMBS) valuation, OAS framework and risk analysis and the interaction between prepayments and these models. The ideal candidate will have at least 2 years of hands-on and recent experience in mortgage model development, including supporting a Wall Street trading desk.


In this role, you will:

  • Serve as an expert advisor to senior leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business and technical needs across Securities Quantitative Analytics
  • Lead the strategy, implementation, and resolution of highly complex and unique challenges requiring in-depth evaluation across multiple areas companywide
  • Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
  • Use quantitative and technological techniques to solve complex business problems
  • Create cutting-edge mortgage pricing models and empirical models, to provide insight into market behavior
  • Work constructively in collaboration with business, model development, model validation, and information technology


Required Qualifications:

  • 2+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

  • A master's degree or PhD in a quantitative discipline 
  • Experience working with mortgage pricing models, prepayment models, or large data sets is a plus
  • Knowledge and understanding of mortgage analytics
  • Experience in programming languages and statistical software (C++, C#, VBA, R, Python), as well as understanding of SQL and relational databases
  • Experience using valuation/risk management systems (e.g. QRM, MIAC, Yield Book, PolyPaths, Algorithmics, etc.)
  • Excellent analytical, interpersonal, oral and written communication skills with a strong attention to detail across multiple audiences (Technology, Quants, Senior Management)
  • Ability to thrive in a deadline-oriented environment with a demanding workload
  • Ability to work through business challenges consistently, effectively, with a sense of urgency through collaboration, transparency, and leading to results 
  • An impeccable reputation for integrity, accuracy, consistency, big picture orientation and business acumen
  • Self-motivated with a working knowledge of risk management fundamentals and policy creation
  • Possess exceptionally strong thought leadership with a proven ability to engage and influence Executive Management 


Job Expectations:

  • Hybrid work arrangement

  • Ability to travel up to 10% of the time

Pay Range

$120,400.00 - $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:

18 Jul 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.


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