Quantitative Analytics Spec 3 - Front Office/Java Financial Engineer

    • New York, NY

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 prior to 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.
Wells Fargo Home Lending is the largest home mortgage lender and servicer in the U.S., funding one of every nine loans and servicing one of every seven loans. In 2018, we helped 582,000 homeowners purchase or refinance their homes, and we provide mortgage servicing for more than 8 million customers. NeighborhoodLIFT, CityLIFT, and HomeLIFT are distinct programs that complement each other with a common purpose to create sustainable homeownership. In recent years, Wells Fargo has announced diverse lending commitments to increase homeownership in the African American and Hispanic communities.
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/Java Financial Engineer will be involved in the implementation of interest rate models, mortgage prepayment models, mortgage default models, fixed income instrument pricers, 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
  • 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 users, model development, model validation, and IT

Required Qualifications
  • 2+ 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
  • 2+ years of Java experience

Other Desired Qualifications
Strongly Preferred:
  • Preferred educational background to include a BS in Computer Science
  • Self-motivated and proactive attitude to problem solving and learning
  • Strong design, coding, testing and debugging skills
  • Expert knowledge in core Java and unit testing
  • Experience in widely used Java technologies/frameworks/libraries, for example, Spring/Hadoop/Kubernetes
  • Versed in software engineering principles (design patterns)
  • Experience with concurrent and asynchronous event-driven programming
  • Experience in software development cycle and DevOps tools
  • Proficiency in SQL, VBA
  • Intermediate ability in C++ or Python
  • Knolwedge of Derivatives valuation
  • Knowledge in Mortgage analytics
  • 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

Street Address
NY-New York: 100 Park Ave - New York, NY
NC-Charlotte: 401 S Tryon St - Charlotte, NC


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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