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Wells Fargo Wells Fargo Securities Associate in Charlotte, North Carolina

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

Wells Fargo Bank N.A. seeks a Wells Fargo Securities Associate (Multiple Openings) in Charlotte, NC.

Job Role and Responsibility: Develop, validate and maintain quantitative models used by the equity derivatives trading desks using appropriate financial math theory and also literature of derivatives modeling. Write the model implementation in code using C++ in the in-house model library; perform back-testing of models typically using Python scripts. Support the derivatives trading desks in the usage and troubleshooting of the quantitative models. Collaborate with Technology teams in integration of models into risk platforms and testing. Work with validation teams, market and counterparty risk management, and various internal departments to push new models or model changes through validation process, produce documentation and testing as needed. Contribute to or support as needed: market risk, credit risk and capital related initiatives such as CCAR, CVA, PFE, and Basel calculations such as FRTB. Multiple positions available.

Travel required: None

Required Qualifications : PhD in Applied Mathematics, Physics, Computer Science, or related quantitative field plus one (1) year of experience in the job offered or a related advanced scientific or mathematical field. Experience can be gained concurrently with graduate level education.

Specific skills required:

  • 1 year of quantitative modeling experience in capital markets;

  • 1 year of coding experience in C++;

  • Financial mathematics, including probability theories, stochastic calculus, stochastic differential equations (SDEs) and risk neutral pricing;

  • Numerical methods, including Monte-Carlo simulation, numerical solution of partial differential equations (PDEs);

  • Methods of modeling volatility including local volatility model and associated calibration issues;

  • Pricing and risk analysis of vanilla and complex equity derivatives products, including European/American style vanillas, volatility derivatives like variance swaps and VIX derivatives;

  • C++ programming language for implementing models and complex numerical methods into quantitative model libraries, and Python for data management and backtesting; and

  • Experience in a multi-developer environment using commercially available version control software.

Qualified applicants send resume to: recruiter_inbox@wellsfargo.com and reference Requisition #000833 in the subject line.

Team members 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.

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.

Company: Wells Fargo

Req Number: R-166578

Updated: Wed May 25 06:09:27 GMT 2022

Location: Charlotte,North Carolina

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