Securities Quantitative Analytics Associate (#002143)
About The Position
Wells Fargo Bank N.A. seeks a Securities Quantitative Analytics Associate in Charlotte, NC. This role involves participating in initiatives, identifying opportunities for process improvements, and developing automated trading algorithms or cutting-edge derivative pricing models and empirical models to provide insight into market behavior. The associate will combine mathematical programming and market expertise to build and generate systematic strategies. Responsibilities include reviewing and analyzing basic business, operational, or technical assignments, exercising independent judgment to guide medium risk deliverables, and using quantitative and technological techniques to solve complex business problems. The role also entails conducting research on trading cost models, liquidity models, risk models, portfolio construction methodology, and signal generation, and presenting recommendations for resolving complex situations. The associate will develop expertise in Securities Quantitative Analytics, collaborate with colleagues and stakeholders, and play an integral role on the trading floor. Telecommuting is permitted up to 2 days a week, but the position requires in-person presence at the work address. Travel is not required.
Requirements
- Master's degree in Statistics, Mathematics, Physics, Engineering, Computer Science, Economics, or related quantitative discipline OR PhD in Statistics, Mathematics, Physics, Engineering, Computer Science, Economics, or related quantitative discipline.
- 2 years of experience in the job offered or in a related securities quantitative analytics role OR zero (0) years of experience required.
- Experience in at least 4 of the following: Programming languages used for statistical analysis and data programming including C++, Java, Python; Linux and Unix Operating Systems; Stochastic Modeling, Optimization, Simulation, Computational Statistics, and Machine Learning; Statistical model development/validation; Documenting and presenting detailed model development and validation outcomes and results; Utilizing best modeling practices and methodologies in the areas of data processing, sampling, model design/specification, model performance assessment, and evaluation testing; Application of analytical, statistical, and forecasting methods with focus on the theory and mathematics behind the analyses; Working within the regulatory framework for financial institutions and interfacing with regulators and auditors.
Responsibilities
- Participate in initiatives and identify opportunities for process improvements within Securities Quantitative Analytics.
- Develop automated trading algorithms or create cutting-edge derivative pricing models and empirical models to provide insight into market behavior.
- Combine mathematical programming and market expertise to build and generate systematic strategies.
- Review and analyze basic business, operational, or technical assignments or challenges that require evaluation, and a selection of alternatives.
- Exercise independent judgment to guide medium risk deliverables.
- Use quantitative and technological techniques to solve complex business problems.
- Conduct research on trading cost models, liquidity models, risk models, portfolio construction methodology, and signal generation.
- Present recommendations for resolving more complex situations.
- Exercise independent judgment while developing expertise in the Securities Quantitative Analytics.
- Collaborate and consult with colleagues, internal partners, and stakeholders.
- Play an integral role to the trading floor.
Benefits
- Wells Fargo is an equal opportunity employer.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
