Front Office Muni Quant - Vice President

WELLS FARGO BANK; New York (NY); On-site; USD 144,000 - 300,000; Full time

Job summary

A leading financial institution is seeking a Lead Securities Quantitative Analytics Specialist at the Vice President level. This role involves developing quantitative models for Muni Derivatives and Cash risk management, requiring collaboration with trading and technology teams. Candidates should possess strong programming skills in C++ and Python, along with a PhD in a relevant field. The position offers a competitive salary range, comprehensive benefits, and opportunities for professional growth.

Benefits

401(k) Plan

Paid time off

Disability benefits

Life insurance

Parental leave

Qualifications

• 5+ years of Securities Quantitative Analytics experience required.
• Strong experience in derivatives modeling and implementation.

Responsibilities

• Design and implement quantitative models for risk management and pricing.
• Collaborate with front office trading and technology teams.

Skills

Communication

Teamwork

Financial Mathematics

Programming

Education

PhD in Computer Science

PhD in Computational Finance

PhD in Mathematics

Tools

C++

Python

Job description

Our Corporate & Investment Banking Front Office Quantitative Model Development Team is working on a strategic buildout initiative. This strategic initiative will enhance our ability to partner and deliver excellent quality and service to our trading and sales partners as our platform continues to grow.

Wells Fargo is seeking candidates for the role of Lead Securities Quantitative Analytics Specialist, which is a Vice President level role within the Corporate & Investment Banking organization (CIB). The successful candidate will be part of a team responsible for developing and implementing quantitative models and tools for Muni Derivatives and Cash risk management, trading, and pricing with focus on areas like forecasting, optimization, and risk mitigation. This is part of a strategic initiative to build new models that will be integrated into a holistic markets quantitative risk and trading platform. Specific work will be spearheaded by the Front Office Muni quant group but will be integrated into a cross asset-class platform within CIB.

The candidate will have to collaborate with front office trading, risk oversight, technology, and model governance functions ensuring requirements are met and governance is adhered to. He / she will possess high quality communications skills both written and verbal in order to socialize the approaches and highlight progress and issues in need of support.

Essential duties and responsibilities include :

• Design, development, and implementation of quantitative models for risk management, trading strategies, and pricing of muni products and hedges.
• Develop, integrate, and deploy optimization-based curve construction in collaboration with other Quants, providing expertise in relevant software design, implementation and performance optimization.
• Effectively communicate and partner with Business Stakeholders, other Quant Teams, Technology and Project Management
• Deliver high-quality software and documentation following our standardized planning and Agile-based SDLC process.
• Support the trading desk with questions about deployed models.

In this role, you will :

• Proactively participate in complex software design & development activities within an Agile environment
• Contribute to large-scale project planning, balancing short and long-term objectives
• Use quantitative and advanced technologies to solve complex business problems
• Meet deliverables while adhering to policies, procedures, and compliance requirements
• Collaborate and consult with peers, colleagues, and project managers to resolve issues and achieve goals
• Effectively communicate with and build consensus with all project stakeholders

Required Qualifications :

• 5+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following : work experience, training, military experience, education

Desired Qualifications :

• 5+ years of quantitative development experience
• 4+ years tax exempt / callable bond / interest rates modeling and model implementation.
• 4+ years of front office derivatives Quant model experience
• Team player with excellent verbal and written and interpersonal communication skills
• Strong experience in derivatives modeling and implementation, especially Muni products and models.
• Experience working with Sales and Trading partners as a front office quant
• Solid knowledge of financial mathematics, particularly, stochastic calculus, Monte-Carlo and other numerical methods.
• Strong hands-on programming skills in C++ and Python, and proficient in the model implementation.
• Delivery focused with experience partnering with technology to deploy models within a system.
• Ability to work on multiple projects and effectively organize tasks, manage time, set priorities and meet deadlines.
• Strong interest in financial markets and willingness to provide practical solutions for the business stakeholders.
• Experience with model documentation and model validation.
• Demonstrated experience in successfully collaborating with others in a change driven environment.
• PhD degree or equivalent in computer science, computational finance or mathematics

Job Expectations : Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

144,400.00 - $300,000.00

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings

Posting End Date : 1 Jun 2025

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

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.

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Vice President • NEW YORK, New York, United States of America