Lead initiatives in market risk and capital modeling, forecast risks, review models, and collaborate with regulators. Requires 5+ years in quantitative analytics and a Master's degree.
About this role:
Wells Fargo is seeking a Lead Quantitative Analytics Specialist. Market and Counterparty Risk Analytics (MCRA) is responsible for developing models for MCRM's Corporate Market Risk Group, Enterprise Counterparty Risk Management, and Market and Counterparty Capital. MCRA also includes a model governance and quality assurance function, as well as a model management function that manages ongoing modeling activities for the supported business groups. The Market Risk Analytics team (RA) within the Market and Counterparty Risk Analytics (MCRA) is responsible for design and specification of market risk and capital models, such as General and Stressed VaR, Specific Risk and Incremental Risk Charge as well as supporting trading desk risk management, stress test system and scenario design and implementation. RA models are mainly used for trading desk risk oversight and regulatory capital reporting, and cover seven broad product categories: interest rates, structured credit products, credit, equities, foreign exchange, CVA and commodities. RA works collaboratively with Front Office model developers, market risk oversight officers, model validators and market risk technology to develop, implement, review, test and monitor these models in the whole model development and usage cycle.
In this role, you will:
30 Jul 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.
Wells Fargo is seeking a Lead Quantitative Analytics Specialist. Market and Counterparty Risk Analytics (MCRA) is responsible for developing models for MCRM's Corporate Market Risk Group, Enterprise Counterparty Risk Management, and Market and Counterparty Capital. MCRA also includes a model governance and quality assurance function, as well as a model management function that manages ongoing modeling activities for the supported business groups. The Market Risk Analytics team (RA) within the Market and Counterparty Risk Analytics (MCRA) is responsible for design and specification of market risk and capital models, such as General and Stressed VaR, Specific Risk and Incremental Risk Charge as well as supporting trading desk risk management, stress test system and scenario design and implementation. RA models are mainly used for trading desk risk oversight and regulatory capital reporting, and cover seven broad product categories: interest rates, structured credit products, credit, equities, foreign exchange, CVA and commodities. RA works collaboratively with Front Office model developers, market risk oversight officers, model validators and market risk technology to develop, implement, review, test and monitor these models in the whole model development and usage cycle.
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
- 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
- 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 field such as mathematics, statistics, engineering, physics, economics, or computer science
- Ph.D. in mathematics, statistics, engineering, physics, accounting, finance, economics, computer science or similar quantitative disciplines
- 5+ years of experience in capital market modeling especially in Credit/Rates/FX area
- Lead complex initiatives including creation, implementation, documentation, validation, articulation and defense, of market risk models
- Strategize short and long-term objectives, and provide analytical support for a wide array of business initiatives
- Utilize stochastic, structured securities, spread analysis, with expertise in the theory and mathematics behind the analysis
- Review and assess models inclusive of technical, audit, and market perspectives
- 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
30 Jul 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.
Top Skills
Programming In Quantitative Disciplines
Statistical Analysis
Stochastic Modeling
Structured Securities
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