VP- Model Monitoring

About this role:

Wells Fargo is seeking a Lead Quantitative Analytics Specialist.

In this role, you will:

• Lead complex initiatives including creation, implementation, documentation, validation, articulation, and defense of highly statistical theory

• Qualify monitor markets and forecast credit and operational risks

• Strategize short and long-term objectives, and provide analytical support for a wide array of business initiatives

• Utilize stochastic, structured securities, spread analysis, with the expertise in the theory and mathematics behind the analysis

• Review and assess models inclusive of technical, audit, and market perspectives

• Identify structure and scope of review

• Enable decision making for product and marketing with broad impact and act as key participant to develop and document analytical models

• Collaborate and consult with regulators and auditors

• Present results of analysis and strategies

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:

• 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:

• 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

• 5 + 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: 

22 May 2025

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

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.