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About the Role

Wells Fargo is seeking a Senior Lead Securities Quantitative Analytics Specialist (Executive Director) to lead the development, enhancement, implementation, and production readiness of regulatory Value at Risk (VaR) and related market risk models for Structured Products. This role requires deep quantitative finance expertise, structured products modeling knowledge, and strong software engineering discipline to deliver regulator-defensible, scalable, and high-performance analytics.

Responsibilities

Lead the design, development, implementation, back testing, benchmarking, and ongoing enhancement of regulatory VaR models and related risk analytics for structured products.
Develop and enhance pricing, OAS, prepayment, default, spread, volatility, scenario, and risk sensitivity analytics that support VaR, stress testing, P&L attribution, model monitoring, and risk measurement.
Analyze market data, pricing inputs, outliers, valuation uncertainty, risk factor coverage, proxy methodologies, model limitations, and back testing results to support defensible, structured products VaR models.
Translate regulatory, model risk, and business requirements into quantitative specifications, model documentation, validation evidence, production controls, and monitoring frameworks.
Partner with front office quants, Structured Products Trading Desks, Market Risk, Investment Portfolio, Mortgage Servicing, Model Risk Management, Finance, Technology, Audit, and senior leadership to deliver transparent, production-ready, and regulator-defensible modeling solutions.
Serve as a senior technical advisor and thought leader on complex securities quantitative analytics, guiding model design choices, implementation priorities, issue resolution, long-term architecture, and communication of model assumptions, limitations, and results to senior stakeholders and regulators.

Requirements

7+ years of Securities Quantitative Analytics, Quantitative Analytics, market risk model development, structured products analytics, financial engineering, or equivalent experience.
7+ years of experience developing, implementing, or enhancing regulatory VaR models and related market risk analytics for fixed income, mortgages, securitized products, or derivatives, with demonstrated understanding of Basel 2.5, Basel III / Basel 3.0, FRTB, back testing, P&L attribution, and model governance expectations.
7+ years of programming capability in Python, C++, or comparable production-oriented quantitative programming languages.

Skills

Structured products analytics
Pricing
OAS
Prepayment
Default
Spread
Volatility
Scenario analysis
Risk sensitivity analytics
VaR modeling
Stress testing
P&L attribution
Model monitoring
Risk measurement
Market data analysis
Valuation uncertainty analysis
Risk factor coverage
Proxy methodologies
Model limitations analysis
Back testing
Quantitative specifications
Model documentation
Validation evidence
Production controls
Monitoring frameworks
Python
C++
Basel 2.5
Basel III / Basel 3.0
FRTB
Model governance
Expected shortfall
Empirical calibration
Risk factor modeling
Model performance monitoring
Communication skills
Documentation skills
Leadership skills

Location

150 E 42nd St. New York, NY 10017
Additional Wells Fargo core/hub locations may be considered

Work Type

On-site
Full-time

Experience Level

Senior Lead
Executive Director
7+ years of experience

Education Level

Master’s degree or PhD in mathematics, statistics, engineering, physics, economics, finance, computer science, or a related quantitative discipline

Salary/Compensations

$215,000.00 - $355,000.00

Benefits

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

About the Company

Wells Fargo Investment Portfolio (IP) manages the Company’s Available-For-Sale (AFS) and Held-To-Maturity (HTM) securities and loan portfolios, and the Reinsurance and Bank Owned Life Insurance (BOLI) businesses as part of the Finance group. IP also provides strategic and analytical balance sheet support to the bank, as well as a centralized, street-facing trade execution and hedging function and centralized mortgage modeling for the enterprise.
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

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.
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.