About I & P
Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics, Modeling and Quants. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview

Corporate & Investment Banking (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

About the Role

The roles involves working with an industry leading Corporate and Investment Bank in the CIB Markets support team which is part of the Front Office. Specifically, this team does Model Development and Maintenance (MDM) work supporting the Quantitative strategy team. The MDM team is an extension of the US Front Office team. The team works in various asset classes like Interest Rate, Credit, Equity, Commodity, FX and XVA on models that are used for pricing, risk management and stress testing. Work activities include but will not be limited to the data and code preparation, data analysis, model testing and documentation of assigned models. We are looking for Lead Quantitative Analytics Specialist (Vice President) for this team.

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
• Experience in Quantitative Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Strong mathematical, statistical, analytical and computational skills
• Good knowledge of financial mathematics and financial models
• Good verbal, written, presentation and interpersonal communication skills
• Strong programing skills and use of software packages such as Python, C++
• Eagerness to contribute collaboratively on projects and discussions

Job Expectations:

As a Lead Quantitative Analytics Specialist (Vice President) the duties would include, but would not be limited to:

• Performing an extensive set of tests (including model performance monitoring) to ensure that Front Office models are robust, consistent and well-behaved under current and distressed market conditions. These activities are formally part of the model development process and should not be confused with testing that is performed as part of the independent model validation process.
• Work with front office IT team and trading team to resolve issue related to the front office libraries used in the pricing.
• Writing code (Python, C++) and refactoring code and unit test cases for quant library. Maintaining proper documentation of all processes and keeping the code up to date.

• Compiling and presenting results in a document which will be submitted to model risk teams for review.
• Participating in the production of formal summary and analysis documentation and reporting.
• Actively participating and contributing in team discussions on project specific areas/assignments
• Answering ad-hoc questions from various stakeholders including US Front Office Quants, Risk, Model Governance etc. by populating templates or creating new reports/extracts as requested by stakeholders.
• A Master's or PhD in a quantitative field such as math, statistics, engineering, physics, economics, computer sciences, etc

• 10 + years of experience in similar role with relevant skillset
• Computer programing skills (Python, VBA, C++)
• Writing documents using Microsoft Office tools, LaTeX or other word processing programs
• Ability to learn quickly and work collaboratively within a team in a dynamic and fast paced environment with multiple responsibilities but still following strict deadlines

Posting End Date:
4 Oct 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.

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