Securities Quantitative Analytics Associate (Req #001903)

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

Wells Fargo Bank N.A. seeks a Securities Quantitative Analytics Associate in New York, NY.

Job Role and Responsibility: Develop, implement, and maintain quantitative models and analytical frameworks to support valuation, risk measurement, and capital calculations for derivatives portfolios, including valuation adjustments (XVA) and counterparty credit risk. Perform quantitative analysis of financial instruments by applying mathematical, statistical, and financial theory to assess pricing, sensitivities, and risk exposures under various market conditions. Design and enhance analytical methodologies used in stress testing, scenario analysis, and regulatory capital exercises by incorporating market data, model assumptions, and portfolio characteristics. Collaborate with trading, risk management, and technology teams to translate business requirements into quantitative solutions and to ensure consistent implementation of models in production systems. Conduct peer reviews and model impact assessments by evaluating quantitative changes, documenting rationale, and supporting internal governance and control processes. Maintain comprehensive model and process documentation to support transparency, auditability, and regulatory review, ensuring alignment with internal model risk management standards. Telecommuting is permitted up to 2 days a week. Position must appear in person to the location listed as the work address.

Travel required:  None

Required Qualifications: PhD in Physics, Statistics, Mathematics, Operations Research, or a related quantitative field plus 1 year of experience in the job offered or in a related quantitative analytics role.

Specific skills required:

• Strong foundation in quantitative finance, statistics, probability theory, and linear algebra, with demonstrated application to securities pricing, risk modeling, and portfolio analytics.

• Extensive hands-on programming experience in C++ and Python for the development of performance sensitive quantitative models.

• In depth knowledge of financial markets and instruments, including equities, fixed income securities, derivatives (options, futures, swaps), and structured products.

• Demonstrated experience in quantitative modeling for financial markets, including the development, implementation, and validation of pricing models (e.g., Black Scholes, binomial tree methods, Monte Carlo simulation) and risk measurement frameworks.

• Experience applying time series analysis, regression techniques, and statistical inference to complex market data.

• Proficiency in SQL and relational database systems for extracting, manipulating, and analyzing large scale financial datasets.

• Ability to translate quantitative analyses into clear, actionable insights for trading, risk management, and senior stakeholders.

• Familiarity with version control systems (e.g., Git) and collaborative software development practices in a quantitative research environment.

Salary: $143,000 - $224,000

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

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

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.