• Job Description

  Req#: R-290472

  About this role

  Wells Fargo is seeking talent to join the Quantitative Analytics Program. Learn more about the career areas and lines of business at wellsfargojobs.com

  Program Overview

  The Quantitative Analytics Program is aimed at Masters and PhD graduates. It provides participants with a 12-month introduction to STEM at Wells Fargo and an opportunity to gain comprehensive professional industry experience. Utilizing a combination of mentoring, classroom training, and actual project work, we provide an exciting and diverse environment where you will have the ability to tackle interesting and challenging real world STEM problems. Fellows will work under the supervision of a senior team member to learn how to develop, implement, calibrate, or validate quantitative models for use across Wells Fargo lines of businesses, operations or products. Program participants have the opportunity to influence risk management strategies, interact with senior leaders, excel through individual coaching and mentoring, and participate in team building activities.

  The Capital Markets track deals with mathematical models for pricing, hedging and risking complex financial instruments. Wells Fargo trading portfolios include products in all traded asset classes such as credit, commodity, Equity, FX, Rate, Mortgages, and Asset-Backed Finance.

  Placement group includes:

  • Traded Products Model Development
  • Market and Counterparty Risk Analytics
  • Mortgage Model Development
  • Corporate Model Risk

  In this role you will:

  • Use Python, R, C++, SAS, SQL or other programming languages as well as mathematical/statistical packages for model development and validation (risk assessment)
  • Perform mathematical model development and validation under the direction of experienced team members
  • Produce required documentation to evidence model development or validation
  • Understand business needs and providing possible solutions through clear verbal and written communications to management and fellow team members
  • Stay up to speed on industry challenges and new and innovative modeling techniques used across Wells Fargo to solve business problems or enhance business capabilities.
  • Participate in model related projects for varying purposes, methodologies and relevant lines of business
  • Provide solutions to business needs and analyze work flow processes to make recommendations for process improvement in risk management
  • Collaborate and consult with peers, colleagues, managers and regulators to resolve issues and achieve goals

  Program Start Date: July 2024

  Program Length: 12 Months (Two, six month rotations)

  Required Qualifications:

  • 2+ 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 statistics, mathematics, physics, engineering, computer science, economics, or quantitative field

  Desired Qualifications:

  • Enrolled in a PhD program with an expected graduation date in December 2023 - May/June 2024 with emphasis on Statistics, Applied or Computational Mathematics, Computer Science, Economics, Physics, Quantitative Finance, Operations Research, Data Science, Engineering, or related quantitative field
  • Excellent computer programing skills and use of statistical software packages such as Python, R, SAS, SQL, Java, Spark, and C++
  • Strong verbal, written communication and interpersonal skills
  • Experience and demonstrated knowledge in mathematical and numerical methods including Monte Carlo methods, differential equations, linear algebra, applied probability, and statistics

  Program Location: Charlotte, NC; Additional locations may be added based on business needs.

  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, age, 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.

  Drug and Alcohol Policy

  Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

• About the company

  Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco.

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