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About the Role

This role is a front office desk Quant position in London, supporting Macro-FX trading desks within the global modelling team. The focus is on Foreign Exchange (FX) and cross FX/Rates products, specifically requiring experience in FX Spot and Options modelling in a front office delivery role. The Quant will collaborate with traders, quant team members, and IT developers to design, implement, and deliver Option pricing and trading models and their integration into Trading and Risk systems.

Responsibilities

Design, implement, support, and deliver pricing and trading models, as well as their integration into Trading and Risk systems for the Macro-FX business.
Work closely with Traders on short-term projects, as well as working within the Quant team on wider projects for the business.
Participate in the analysis, design, implementation, testing, and delivery of derivative pricing and trading models for FX and FX/Rates products.
Proactively understand business needs and market conventions, interact effectively with traders and/or management, and initiate possible solutions with clear and intuitive verbal and/or written communications and documentation.
Perform core financial model analysis and development with a fundamental understanding of arbitrage, hedging, calibration and stochastic processes.
Model implementation in C++ and Java with due care and attention and the incorporation of sanity checking.
Participate in the model deployment and support of models in trading systems.
Understand processes and work flows to make recommendations for process improvements.
Bring closure to issues, questions and requests.
Solve problems independently.
Consistently learn new systems, applications, processes and techniques.
Play an integral role to the trading floor.
Participate in moderately complex initiatives and deliverables within Securities Quantitative Analytics.
Contribute to large-scale departmental planning.
Combine mathematical programming and market expertise to build and generate systematic strategies for hedging.
Review and analyze moderately complex business, operational, or technical challenges within Securities Quantitative Analytics that require an in-depth evaluation of variable factors.
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.
Resolve moderately complex issues independently.
Participate with the team to meet deliverables while leveraging solid understanding of Securities Quantitative Analytics policies, procedures, and compliance requirements.
Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals.
Help in projects, teams, or serve as a mentor for less experienced staff.

Requirements

Experience in Securities Quantitative Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Expertise in exotic FX derivatives models such as Stochastic Local Vol and models for non-vanilla CSA.
Expertise with stochastic rates and FX/IR hybrid models is a plus.
Solid knowledge of financial mathematics, particularly, stochastic calculus, arbitrage, hedging, PDE, Monte-Carlo and other numerical methods.
Significant experience working as a front office desk Quant for FX derivatives, ideally with exposure to exotics Rates derivatives and FX/IR hybrids.
Hands on experience of C++/Java and Python.
Deep knowledge of FX markets and conventions, hedging practices, and calibration issues.
Knowledge of Rates markets is a plus.
Team player, comfortable on a trading floor, with strong, clear and concise written and oral communication skills.
Demonstrated experience with exchange-traded derivatives.
Delivery focused with experience participating in the model deployment in the system.
Ability to work on multiple projects, to problem solve, and to effectively organize tasks, manage time, set priorities and deadlines.
Demonstrated experience in successfully collaborating with others in a change driven environment.
Curious to keep up with market practices and recent developments on the pricing and regulatory fronts.
Good intuitions on the models and the model results.
Strong interest in financial markets and willingness to provide practical solutions for a trading desk.
Experience of using AI coding tools.

Skills

FX Spot and Options modelling
FX and cross FX/Rates products
C++
Java
Python
Stochastic calculus
Arbitrage
Hedging
PDE
Monte-Carlo
Numerical methods
Model deployment
Quantitative analysis
Mathematical programming
Trading strategies
Risk models
Portfolio construction
Signal generation
AI coding tools

Location

London

Work Type

Front office
Full-time

Experience Level

Senior Lead

Education Level

Post graduate qualification in quantitative field such as mathematics, statistics, engineering, physics or computer science, ideally a PhD.

About the Company

Wells Fargo is an equal opportunity employer.
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.

Equal Opportunity

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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Wells Fargo maintains a drug free workplace.
Third-Party recordings are prohibited unless authorized by Wells Fargo.
Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.