Front Office Muni Quant - Vice President

Hispanic Alliance for Career Enhancement; New York (NY); On-site; USD 144,000 - 300,000; Full time

Job summary

An established industry player is seeking a Lead Securities Quantitative Analytics Specialist to join their Corporate & Investment Banking team. This pivotal role involves developing and implementing cutting-edge quantitative models for Muni Derivatives and Cash risk management. The successful candidate will engage in collaborative efforts across trading and technology teams, ensuring model governance and high-quality deliverables. With a focus on innovation and optimization, this position offers a unique opportunity to contribute to a strategic initiative that enhances trading capabilities. Join a forward-thinking organization that values diversity and fosters a culture of inclusion.

Benefits

Health Benefits

401(k)

Paid Time Off

Disability Benefits

Insurance Options

Parental Leave

Tuition Reimbursement

Scholarships

Adoption Reimbursement

Qualifications

• 5+ years of experience in Securities Quantitative Analytics.
• Expertise in derivatives modeling, especially Muni products.

Responsibilities

• Design and implement quantitative models for risk management and trading.
• Collaborate with trading, risk oversight, and technology teams.

Skills

Securities Quantitative Analytics

C++ Programming

Python Programming

Financial Mathematics

Stochastic Calculus

Monte Carlo Methods

Derivatives Modeling

Team Collaboration

Education

PhD in Computer Science

PhD in Computational Finance

PhD in Mathematics

Job description

About this role:

Our Corporate & Investment Banking Front Office Quantitative Model Development Team is working on a strategic buildout initiative to enhance our partnership capabilities and service quality for trading and sales partners as our platform grows.

Wells Fargo is seeking candidates for the role of Lead Securities Quantitative Analytics Specialist, a Vice President level role within the Corporate & Investment Banking (CIB) organization. The successful candidate will develop and implement quantitative models and tools for Muni Derivatives and Cash risk management, trading, and pricing, focusing on forecasting, optimization, and risk mitigation. This role is part of a strategic initiative to build new models integrated into a holistic markets quantitative risk and trading platform, primarily led by the Front Office Muni quant group and integrated across asset classes within CIB.

The candidate will collaborate with front office trading, risk oversight, technology, and model governance teams, ensuring requirements are met and governance standards are maintained. Strong communication skills, both written and verbal, are essential for socializing approaches and highlighting progress or issues needing support.

Essential duties and responsibilities include:

1. Design, develop, and implement quantitative models for risk management, trading strategies, and pricing of muni products and hedges.
2. Develop, integrate, and deploy optimization-based curve construction in collaboration with other Quants, providing expertise in software design, implementation, and performance optimization.
3. Communicate effectively and partner with Business Stakeholders, other Quant Teams, Technology, and Project Management.
4. Deliver high-quality software and documentation following standardized planning and Agile SDLC processes.
5. Support the trading desk with questions about deployed models.

In this role, you will:

1. Participate proactively in complex software design and development activities within an Agile environment.
2. Contribute to large-scale project planning, balancing short- and long-term objectives.
3. Utilize quantitative and advanced technologies to solve complex business problems.
4. Meet deliverables while adhering to policies, procedures, and compliance standards.
5. Collaborate and consult with peers, colleagues, and project managers to resolve issues and achieve goals.
6. Communicate effectively and build consensus with all project stakeholders.

Required Qualifications:

• 5+ years of Securities Quantitative Analytics experience, demonstrated through work experience, training, military experience, or education.

Desired Qualifications:

• 5+ years of quantitative development experience.
• 4+ years of experience with tax-exempt/callable bonds, interest rates modeling, and model implementation.
• 4+ years of front office derivatives quant model experience.
• Strong communication skills and team collaboration.
• Expertise in derivatives modeling, especially Muni products.
• Experience working with Sales and Trading partners.
• Solid knowledge of financial mathematics, stochastic calculus, Monte Carlo, and numerical methods.
• Proficiency in C++ and Python programming, with experience deploying models within systems.
• Ability to manage multiple projects and prioritize effectively.
• Interest in financial markets and providing practical solutions.
• Experience with model documentation and validation.
• PhD 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

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, including health benefits, 401(k), paid time off, disability benefits, insurance options, parental leave, discounts, commuter benefits, tuition reimbursement, scholarships, and adoption reimbursement. For details, visit Benefits - Wells Fargo Jobs.

Posting End Date:

1 Jun 2025

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

We Value Diversity

We believe in diversity, equity, and inclusion, welcoming applications from all qualified candidates regardless of race, gender, age, religion, sexual orientation, gender identity, disability, veteran status, or other protected characteristics.

Employees support our focus on building strong customer relationships with a risk-mitigating and compliance-driven culture, adhering to all applicable policies and risk programs, and ensuring effective risk management and escalation.

Additional Information:

Applicants in the US will be considered without regard to protected characteristics. To request accommodations, visit Disability Inclusion at Wells Fargo. Wells Fargo maintains a drug-free workplace. See Drug and Alcohol Policy for details.