Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when 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 not only supports the consumer banking mortgage activities, but also the bank's trading activities and investment portfolio positions in mortgage products.
The Front Office Financial Engineer will be involved in the implementation of interest rate models, mortgage prepayment models, mortgage default models, derivative valuation models, 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 in C++
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, model development, model validation, and IT
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 C++ experience
Other Desired Qualifications
Strong design, coding, testing, and debugging skills
Experience in advanced and modern cpp features/techniques/libraries: templates, c++1x, std, boost, etc.
Versed in software engineering principles
Experience with multi-threading and asynchronous event-driven programming
Experience in software development cycle and agile technologies
Proficiency in SQL and VBA
Intermediate ability in Java, C#, or Python
Knowledge of Derivatives valuation
Experience in Mortgage analytics
Experience in Vendor model, solution or platform - Polypaths, ADCo, Intex, QRM, Bloomberg, Yieldbook
Excellent verbal, written, and interpersonal communication skills
General knowledge of applied math
General knowledge of statistical methods
Ability to travel up to 5% of the time
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.
Internal Number: 5546482-1
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo