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Quantitative Analytics Consultant 3

Job Description

Consumer Lending is an industry leader in supporting homeowners and consumers. We put customers at the center of all that we do. We make every decision - and design every product and service - with our customers in mind.

It starts with you. We must attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

The Consumer Lending team includes Home Lending, Personal Lending, and Dealer Services, including the professional services teams that partner with these businesses and other key partners.

The Team

The Quantitative Analytic Consultant 3 (QAC3) will report directly to Dick Boswinkel, SVP/Non-Evaluated Manager within Wells Fargo’s Capital Markets Group.

The Role

The Capital Markets Model Development team is seeking a skilled and experienced Quantitative Analytics Consultant 3 (QAC3). The QAC3 hired into this role will be responsible for performing highly complex activities related to complex financial products, business analysis and/or risk modeling.

The QAC3 may utilize stochastic, structured securities, option adjusted spread analyses, etc. S/he must have expertise on the theory and mathematics behind the analyses.

Key duties and responsibilities of this position include, but may not be limited to:

  • Developing analytical strategies for real time decisioning and/or long term objectives
  • Performing analytical support and/or modeling
  • Providing insights regarding a wide array of business initiatives
  • Working independently on development, testing, and implementation of OAS valuation, Risk Management and Statistical models for Mortgage Servicing Rights, Mortgage Backed Securities and Vanilla and Exotic Interest Rate Derivatives using Polypaths and C++
  • Conducting ongoing maintenance and research on models for risk management of mortgage and fixed-income products
  • Collaborating and partnering with internal and external quantitative communities including the academic community to keep abreast with the latest developments and practices in quantitative risk and mortgage modeling as well as industry changes in general
  • Interacting with regulators on high visibility models in order to resolve regulatory MRAs
  • Work with senior management in WFHL Capital Markets to develop a vision on new model development, so that WFHL can stay ahead of industry changes and the developments at its competitors.
  • Developing model performance metrics like statistical back tests or P&L explanation analysis
  • Conducting periodic reporting and analysis of model performance
  • Maintaining up-to-date model documentation
  • Guide junior staff in project work

** NOTE: Qualified candidates located at/in proximity to a Wells Fargo hub location may be considered.

Required Qualifications

  • 6+ 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

Other Desired Qualifications
  • A PhD in a quantitative discipline
  • Current/prior mortgage banking environment experience
  • Current/prior experience working with the LMM model and mortgage valuation models
  • Solid understanding of (exotic) interest rate derivatives models and mortgage analytics
  • Extensive experience in statistical analysis of financial problems
  • Experience in programming languages and statistical software (C++, C#, VBA, R)
  • Knowledge of SQL and relational databases
  • Experience using valuation/risk management systems (e.g. QRM, MIAC, Yield Book, Polypaths, Algorithmics, etc.)
  • Excellent/demonstrated analytical, interpersonal, oral and written communication skills with a strong attention to detail
  • Ability to communicate across multiple audiences (Technology, Quants, Senior Management)
  • Ability to thrive in a deadline-oriented environment with a demanding workload
  • Possessing a strong sense of urgency and results orientation, with outstanding ability to motivate teams and mobilize the resources to set high goals and accomplish them
  • Demonstrated passion and commitment to excellence without becoming personally attached to outcomes
  • Demonstrated ability to work through business challenges consistently and effectively through collaboration and transparency
  • An impeccable reputation for integrity, accuracy, consistency, big picture orientation and business acumen
  • Highly self-motivated with a working knowledge of risk management fundamentals and policy creation
  • Possessing exceptionally strong thought leadership with a proven ability to engage and influence Executive Management
  • Possessing "Organizational Awareness," i.e., having and using knowledge of systems, situations, pressures and culture within the company to identify potential organizational problems and opportunities and perceiving the impact and the implications of decisions on other components of the company as well as the impact on investors, customers, and clients
  • Ability to travel up to 5% or more of the time
Job Expectations

  • This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.


    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.