Quant / Strat Director - New Enterprise Risk Platform - Product Owner - Front Office Capital Markets - Military Veterans

at Wells Fargo

Charlotte, North Carolina

About this role:

Wells Fargo is seeking a Quant/Strats Lead.

A successful applicant will be a senior Quant in the Quantitative Strategies Team in the CIB, with a focus on Vasara development. Vasara is the next generation risk platform for the bank. It is an ambitious, green field initiative to tackle the bank's risk computation challenges within capital markets, from ticking risk for trading desks to market risk and capital calculations such as FRTB and CCAR.

This is a leadership role in the Front-office Quant Team building out the bank's strategic enterprise risk platform. Utilize quant experience and front-to-back business knowledge in planning and driving deliveries in collaboration with desk quants, senior business stakeholders and Technology.

Vasara is a joint venture between Quants and Technology, and you will be working within the Quant organization, with a focus on specific risk management solutions for our trading partners. The solutions will be tailored to practical needs, but expected to be asset agnostic, so that we achieve maximum consistency and re-usability.

Essential duties and responsibilities include:

  • Driving development of risk and PnL calculation engines, as well as customization for individual desks

  • Development of tools to facilitate Market Risk calculations such as VaR and CCAR

  • Integration/migration of pricing models from our Quant libraries

  • Understand front-to-back requirements and lead the design, development and testing activities to deliver high-quality maintainable code in an Agile environment

  • Communicate effectively with team members and partners in different areas, both within and beyond Vasara:  Front Office Quants and Trading, Technology, Market Risk

In this role, you will:

  • Lead complex initiatives and deliverables for the Vasara project within an Agile process
  • Contribute to platform-wide planning
  • Combine quantitative and markets expertise to devise front-to-back solutions for the development team to implement
  • Review and analyze business, operational, and quantitative challenges from first principles
  • Collaborate with senior Trades, Business Heads, Market Risk Officers and Technology to achieve goals
  • Lead team to meet deliverables while leveraging solid understanding of Securities Quantitative Analytics policies, procedures, and compliance requirements
  • Play an integral role to the trading floor

Required Qualifications, US:

  • 5+ years of Front-office or Risk Quant experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

  • Deep experience in one of: Rates, FX, Credit or Market Risk (VaR)
  • 5+ years of model implementation experience in C++ or Java
  • 5+ years in a leadership role in Capital Markets
  • Experience in a product ownership or strats role
  • 5+ years of derivatives experience
  • 5+ years of quantitative development experience
  • Excellent verbal, written, and interpersonal communication skills
  • Master's degree or higher in finance/mathematics

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, or status as a protected veteran.

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.

Charlotte, North Carolina

At Wells Fargo, we’ve been proudly supporting military veterans and their families for more than 170 years.

We value the leadership, discipline, and skills you’ve gained through your service to our country and recognize the contributions our veteran team members bring to the table. We’re committed to hiring and retaining military veterans, veterans with disabilities, National Guard, Reservists, and Military Spouses.

As a Wells Fargo employee, you’ll find a work culture that is team-oriented, collaborative, structured, and challenging. We support veterans transitioning from military service with a variety of job options, confidential resources, educational information, and career guidance. You may choose to join our Veteran’s Connection Employee Resource Group, a group of thousands who share an interest in veterans’ matters, and that promotes greater awareness and job development within the veteran community. To learn more about opportunities at our company, please visit wellsfargojobs.com/military. Let’s talk about turning your military experience into a great civilian career.

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