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Lead Quantitative Analytics Specialist

About this role:

Wells Fargo is seeking a Lead Quantitative Analytics Specialist. This position will be part of the Mortgage Model Development Center (MMDC) that will focus on mathematical concepts and programming.  The MMDC manages all quantitative modeling related to market and interest rate risk on the bank’s mortgage products including consumer banking mortgage activities, trading activities and investment portfolio positions in mortgage products.

In this role you will:

  • Implement interest rate models, mortgage prepayment models, mortgage default models, derivative valuation models, hedging strategies, and horizon forecast models to support various mortgage business in Wells Fargo.

  • Implement and enhance the firm’s proprietary quantitative library in C++

  • Generate, test, implement, and deploy ideas to improve system performance or team productivity

  • Improve the safety and reliability of the library

  • Partner constructively in collaboration with business, model development, model validation, and IT

Required Qualifications:

  • 5+ 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:

  • 2+ years of C++ experience

  • Strong design, coding, testing, and debugging skills.

  • 2+ yrs experience applying advanced mathematics in problem solving

  • Experience with large scale library development

  • Versed in software engineering principles

  • Experience with multi-threading and asynchronous event-driven programming

  • Experience in software development cycle and agile technologies

  • Experience with computer programs including, SQL and VBA

  • Knowledge and understanding of interest rate derivatives models and mortgage analytics

  • Experience in vendor model, solution, or platform - Polypaths, ADCo, Intex, QRM, Bloomberg, Yieldbook

  • Knowledge of Derivatives valuation

  • Excellent verbal, written, and interpersonal communication skills

Job Expectations:

  • Ability to travel up to 10% of the time

Job posting may come down early due to volume of applicants.

  • Pay Range:

  • New York, NY: $144,400 - $300,000 Annually

Posting End Date: 

26 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.

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.

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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