Vacancy expired!
About this role:The Mortgage Modeling Development Center (MMDC) is seeking a Senior Securities Quantitative Analytics Specialist who will oversee designing and executing ongoing model monitoring, portfolio testing, enhancement of testing and monitoring framework, and execution of key strategic initiatives.This role is in a high quantitative fast-paced team supporting various Mortgage trading desks and a successful candidate must be familiar with Residential Mortgage-Backed Securities (RMBS), Mortgage Servicing Rights (MSR), OAS framework, and Risk analysis. The incumbent in this role will be conversant with regulatory model risk guidelines.In this role, you will:
Lead or participate in moderately complex strategic development initiatives and deliverables within the Mortgage Model Development Center
Combine mathematical skills, programming, and market expertise to develop and implement tools which provide insight into market behavior of mortgage securities products.
Conduct ongoing maintenance, testing, and research for models used for risk management of mortgage and fixed income products.
Develop key model performance metrics like statistical back tests or P&L explanation analysis.
Research and resolve model risk findings.
Collaborate and consult with peers, and managers to achieve strategic mortgage development goals.
Lead projects or serve as a mentor for less experienced staff.
Play an integral role in supporting various Mortgage trading desks.
Required Qualifications:
4+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
Masters in a Quantitative field (Mathematics, Physics, Computational Finance, Statistics, Computer Science, etc.)
Experience in mortgage pricing models, Intex, empirical duration models, Value at Risk
Experience working with PolyPaths, Yieldbook, and Bloomberg.
Experience in developing and tuning prepayment and default models
Experience in Power BI, Tableau, Datawatch, and other visualization tools
Demonstrated experience in handling mortgage database (1010/embs/loan performance/core logic)
Solid understanding of statistics, financial mathematics and models including, OAS framework, Monte Carlo simulation, LMM model, (exotic) interest rate derivatives models and mortgage analytics
Excellent demonstrated experience with Python/R and working knowledge of SAS or SQL and relational databases.
Knowledge of and experience with C, C# and / or Java.
Ability to communicate across multiple audiences (Quants, Trading desks, Senior Management, Technology)
Job Expectations:
Willingness to work on-site at stated location on the job opening
Ability to travel up to 10% of the time
Pay Range$138,500.00 - $287,600.00 AnnualBenefits
Information about Wells Fargo's employee benefits
We Value DiversityAt 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.Company: WELLS FARGO BANKReq Number: R-258935-1Updated: Sun Mar 26 00:00:00 UTC 2023Location: NEW YORK,New York
Vacancy expired!