Dec 18, 2020

Quantitative Analytics Specialist 4 - Front Office C++ Financial Engineer

  • Wells Fargo
  • McLean, VA, USA

Job Description

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
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.
Consumer Banking is an industry leader in supporting homeowners and consumers in addition to operating one of the most extensive banking franchises in the country. We serve customers through approximately 6,000 branches and 13,000 ATMs in 39 states and the District of Columbia. We serve mass market, affluent, and small business customers; as well as provide home and personal lending. Our focus is on delivering an exceptional experience for our customers through financial advice and guidance coupled with providing the products and services that will help them realize their financial hopes and dreams. We've built our team of top professionals by rewarding their accomplishments and ensuring they have what's needed to succeed.
Our Capital Markets team manages the interest rate and operational risks associated with the origination, sale and servicing of mortgage loans, and provides liquidity for the mortgage assets originated by Wells Fargo. All quantitative modeling related to market and interest rate risk on the bank's mortgage products is concentrated in the Mortgage Modeling Center of Excellence. This group does not only support the consumer banking mortgage activities, but also the bank's trading activities and investment portfolio positions in mortgage products.
The front office financial engineer will be involved in the implementation of interest rate models, mortgage prepayment models, mortgage default models, derivative valuation models, hedging strategies, and horizon forecast models to support various mortgage business in Wells Fargo. Depending on experience and background, the candidate may focus on a subset of these areas.
Key duties and responsibilities of this position include, but may not be limited to:
  • Implement and enhance the firm's proprietary quantitative library in C++
  • Generate, test, implement, and deploy ideas to improve system performance or team productivity
  • Improve the safety and reliability of the library
  • Work constructively in collaboration with business, model development, model validation, and IT

Required Qualifications
  • 4+ years of experience in an advanced scientific or mathematical field
  • A master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science

Other Desired Qualifications
  • Strong design, coding, testing and debugging skills
  • Experience in advanced and modern cpp features/techniques/libraries: templates, c++1x, std, boost etc.
  • Experience with large scale library development
  • Versed in software engineering principles
  • Experience with multi-threading and asynchronous event-driven programming
  • Experience in software development cycle and agile technologies
  • Proficiency in SQL and VBA
  • Intermediate ability in Java, C#, or Python
  • Knowledge of Derivatives valuation
  • Experience in Mortgage analytics
  • Experience in Vendor model, solution or platform - Polypaths, ADCo, Intex, QRM, Bloomberg, Yieldbook
  • Excellent verbal, written, and interpersonal communication skills
  • General knowledge of applied math
  • General knowledge of statistical methods

Job Expectations
  • Ability to travel up to 5% of the time


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.



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