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Quantitative Analytics Specialist- Capital Markets

Company: Wells Fargo
Location: Saint Louis
Posted on: August 7, 2022

Job Description:

Job Description SummaryQuantitative Analytics: Covers jobs responsible for performing highly complex activities related to the design, development, validation, implementation, documentation, and on-going maintenance of quantitative models that offer insights to a wide range of product, business or risk mitigation initiatives. Utilizes advanced mathematical skills and programming to create and validate analytic models About this role: Wells Fargo Internal Audit has a challenging opportunity on the highly-visible Quantitative Model Risk Audit Team within Corporate Risk and Capital Market (CRCM). We are looking for an individual with quantitative education and experience to provide audit coverage of analytical models used at the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach with the team. In this role, you will:

  • Develop, implement, and calibrate various analytical models
  • Perform highly complex activities related to financial products, business analysis and modeling
  • Perform basic statistical and mathematical models using Python, R, SAS, C++ and SQL
  • Perform analytical support and provide insights regarding a wide array of business initiatives
  • Provide solutions to business needs and analyze workflow 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 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 fieldDesired Qualifications:
      • A PhD degree in mathematics, physics, engineering, computer science, Mathematical finance, or other quantitative field.
      • 4+ years of experience in model development, model validation, or model risk auditing of market risk, trading products, counterparty credit risk, and wealth & investment management in the financial services industry, preferably with a large bank.
      • Capital markets and derivatives: knowledge of financial derivatives (futures, swaps, vanilla options, exotic options, or asset back securities including RMBS), capital market structures, market risk management practices, and general derivative pricing theories.
      • Quantitative and numerical methods skills: solid background in mathematical techniques such as numerical methods, finite difference methods for PDE, stochastic calculus, Monte Carlo simulation, optimization, or other statistical methodologies.
      • Excellent verbal and written communication skills, ability to summarize, document, and communicate critical information and ability to convey results to diverse audiences, of either technical or non-technical background.
      • Working knowledge of SR 11-7, SR15-18, OCC 2011-12 supervisory guidance, and Basel - FRTB
      • Strong work and professional ethics
      • Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills
      • Excellent verbal, written, and interpersonal communication skills.
      • Strong organizational, multitasking, and prioritizing skills.
      • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
      • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities.
      • Solid problem-solving skills
      • Good analytical skills with high attention to detail and accuracy.
      • Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS Job Expectations:
        • Ability to travel up to 10% of the time. IMPORTANT NOTE: This role is not open to telecommute. Candidate must reside within a reasonable commute to one of the addresses listed in the posting. Locations: Charlotte, NC; West Des Moines, IA; Chandler, AZ; Minneapolis, MN; Addison, TX; San Antonio, TX; Denver, CO; New York, NY; Saint Louis, MO; Wilmington, DE: Philadelphia, PA Note: Job posting may come down early due to volume of applicants. Pay Range
          • $96,600.00 - $171,800.00 AnnualPay Range$96,600.00 - $171,800.00 AnnualBenefits
            • Information about Wells Fargo's employee benefits 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.

Keywords: Wells Fargo, St. Louis , Quantitative Analytics Specialist- Capital Markets, Accounting, Auditing , Saint Louis, Missouri

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