Lead Market Risk Quant

5 - 10 years

7 - 17 Lacs

Posted:2 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

About this role:

Wells Fargo is seeking a Lead Quantitative Analytics Specialist.

Market and Counterparty Risk Analytics (MCRA)

is responsible for developing models for MCRMs Corporate Market Risk Group, Enterprise Counterparty Risk Management, and Market and Counterparty Capital. MCRA also includes a model governance and quality assurance function, as well as a model management function that manages ongoing modeling activities for the supported business groups. The Market Risk Analytics team (RA) within the Market and Counterparty Risk Analytics (MCRA) is responsible for design and specification of market risk and capital models, such as General and Stressed VaR, Specific Risk and Incremental Risk Charge as well as supporting trading desk risk management, stress test system and scenario design and implementation. RA models are mainly used for trading desk risk oversight and regulatory capital reporting, and cover seven broad product categories: interest rates, structured credit products, credit, equities, foreign exchange, CVA and commodities. RA works collaboratively with Front Office model developers, market risk oversight officers, model validators and market risk technology to develop, implement, review, test and monitor these models in the whole model development and usage cycle.

In this role, you will:

  • Lead complex initiatives including creation, implementation, documentation, validation, articulation, and defense of highly statistical theory
  • Qualify monitor markets and forecast credit and operational risks
  • Strategize short and long-term objectives, and provide analytical support for a wide array of business initiatives
  • Utilize stochastic, structured securities, spread analysis, with the expertise in the theory and mathematics behind the analysis
  • Review and assess models inclusive of technical, audit, and market perspectives
  • Identify structure and scope of review
  • Enable decision making for product and marketing with broad impact and act as key participant to develop and document analytical models
  • Collaborate and consult with regulators and auditors
  • Present results of analysis and strategies

Required Qualifications:

  • 5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science

Desired Qualifications:

  • 5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science
  • Ph.D. in mathematics, statistics, engineering, physics, accounting, finance, economics, computer science or similar quantitative disciplines
  • 5+ years of experience in capital market modeling especially in Credit/Rates/FX area

Job Expectations:

  • Lead complex initiatives including creation, implementation, documentation, validation, articulation and defense, of market risk models
  • Strategize short and long-term objectives, and provide analytical support for a wide array of business initiatives
  • Utilize stochastic, structured securities, spread analysis, with expertise in the theory and mathematics behind the analysis
  • Review and assess models inclusive of technical, audit, and market perspectives
  • Enable decision making for product and marketing with broad impact and act as key participant to develop and document analytical models
  • Collaborate and consult with regulators and auditors
  • Present results of analysis and strategies

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Wells Fargo logo
Wells Fargo

Banking and Financial Services

San Francisco

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