Quantitative Analytics Associate null

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 role 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.

Functional responsibilities

Duties include, but are not limited to:

• Participating in the creation, execution, and development of Front Office test plans
• Participation in the creation, execution, and development of model monitoring plans
• Checking the consistency and accuracy of quantitative models
• Performing an extensive set of tests 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
• Writing code (Python, VBA, C++, etc.) and refactoring code after receiving approval to do so
• Compiling and presenting results
• Participating in the production of formal summary and analysis documentation and reporting
• Actively participating and contributing to team discussions on project-specific areas/assignments
• Maintaining proper documentation of all processes and keeping the code up to date
• Answering ad hoc questions from various stakeholders including US Front Office Quants, populating templates, or creating new reports/extracts as requested by stakeholders

Essential qualifications/ market skill set

• A Master’s or Ph.D. in a quantitative field such as math, statistics, engineering, physics, economics, computer sciences, etc.
• Computer programing skills (Python, VBA, C++, or other programming languages)
• 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

Preferred Skills & Abilities

• 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, VBA, C++, R, and SQL
• Eagerness to contribute collaboratively on projects and discussions