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Head of Front Office Market Data Quantitative Analysis - Wells Fargo Sec Banker

Company: Wells Fargo
Location: Charlotte
Posted on: September 17, 2020

Job Description:

ALERT - To ensure we continue to fulfill our role as a provider of vital services to the public, we are still hiring and continue to recruit top talent to Wells Fargo. However, we have adjusted our hiring practices due to the COVID-19 situation and the related social distancing guidelines. As a result, throughout your application process, you may be asked to connect with us virtually. We encourage you to check our job postings regularly for updates and additions.

Learn what Wells Fargo is doing during the COVID-19 crisis to support our employees and protect our customers through enhanced cleaning, social distancing in bank branches, remote work arrangements, benefit changes, and more.

Head of Front Office Market Data Quantitative Analysis - Wells Fargo Sec Banker Job Description

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.

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, insurance, investments, mortgage, and consumer and commercial finance through more than 8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wholesale Banking

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses

Corporate and Investment Bank (CIB)

CIB delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

Within CIB, Financial Resource Management (FRM) is the group responsible for helping CIB meet its financial return objectives. FRM plays an important role in effectively managing credit and credit-related risk as well as optimizing and allocating balance sheet, capital, funding and liquidity resources to meet CIBs client and return objectives. Specific areas of focus for FRM include:

Improving financial performance measurement for CIB businesses

Understanding and communicating critical financial resource constraints to CIB businesses

Structuring and allocating secured funding resources for client funding needs

Partnering with COO/Finance/Risk/Businesses to optimize capital usage and funding and liquidity management for CIB

Partnering with Corporate Treasury on funds transfer pricing initiatives

Standardization and efficiency of the loan portfolio management function across CIB, including partnering with CIB’s Senior Credit Officers to implement a more robust “top-down” loan portfolio stress and capital analysis approach

As part of the FRM team, Capital and Returns (C&R) works directly with CIB business leaders, the COO organization, Finance, Risk, Technology, Operations, Corporate Treasury and other key partners to understand and rationalize capital usage and improve overall returns for CIB. One key aspect for our success is our ability to manage market data, a major component of our capital models.

The Role

This role within C&R will be responsible for:

Individual Responsibilities

Provides leadership and oversight over the market data quantitative analysis team in Front Office, consisting of quantitative staff with strong product knowledge (subject matter experts per asset class)

Proposes and oversees the implementation of strategic improvements to quantitative market data methodologies to measure quality of data so it be fit for use in Front Office pricing models as well as Market, Counterparty and Capital Models

Oversees analytical and quantitative approaches to analyze and process data

Provides leadership and serves as an escalation point in interactions with stakeholders across Front Office, Front Office and Risk Analytics Quantitative Teams and Technology on various market data related topics, including: Daily market data quantitative analysis

Data quality remediation efforts (e.g., designing quantitative key performance indicators so as to measure quality of data, or, quantitative approaches to fill missing data, working with Front Office desks on obtaining trader marks so that the platform can report risk appropriately)

Communicates market data quality issues to downstream users

Requests for new market data (e.g., participating in new product approval process, interacting with vendor procurement teams)

Business owner of Market data system of record

Represents Front Office Market Data Quantitative Analysis team in governance forums and senior leadership discussions

Ensures team adheres to firm-wide policies for data governance and controls

Team members 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.

As a Team Member Manager , you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.

Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

Required Qualifications

8+ years of experience in capital markets, industry experience within the specific sector of the position, or a combination of both

3+ years of management experience

Desired Qualifications

A Master's degree or higher

Other Desired Qualifications

• Experience building efficient large scale and complex market data operations / end to end market data engineering processes in a sales and trading environment

• Experience working with quant teams developing market data management systems which allow for efficient data retrieving so as to optimize modeling approaches

• Experience leading large teams/multiple business partners, overseeing business as usual market data operations with strong governance processes and controls

• Knowledge and understanding of traded derivative and cash products across all asset classes to effectively have discussions with Front Office traders, Market Risk Officers, and Risk Analytics team

• Experience overseeing the development and implementation of quantitative methods for data quality checks and remediation techniques including statistical data filling methods and proxying

• Understanding of how market data impacts the following downstream uses:

o Market risk VaR

o Counterparty credit risk and CVA

o IPV, etc.

• Understanding of the following:

o Major market data sources (e.g., Bloomberg, Reuters, Markit)

o Market data object construction methods for curves and volatility surfaces

o Risk factor types across asset classes

o Market data related regulatory requirements (e.g., BCBS 239, FRTB)

• Experience interacting with senior leadership across Front Office, Risk, and Technology

• 12+ yrs experience in quantitative or complex data management field

• Experience working with large scale and complex data management systems

• Proficient in Python and SQL (reading and writing queries)

• Understanding of Wells Fargo technology systems and culture

Job Expectations

Ability to travel up to 25% of the time

Street Address

NC-Charlotte: 550 S Tryon St - Charlotte, NC

NY-New York: 30 Hudson Yards - New York, NY

Disclaimer

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.

How has Wells Fargo's leadership team reacted to the Coronavirus pandemic?

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Wells Fargo is committed to hiring and retaining diverse team members including Military Veterans, Veterans with disabilities, and transitioning Military personnel. We are working to increase diverse representation throughout the company and create an inclusive environment for all team members. When recruiting, we work with talent resources that focus on diversity and Veterans. We attend Veteran-focused job fairs and identify Military Veteran job seekers through resources like Military.com, Recruit Military.com, Hire Vets First, our internal Veterans’ Team Member Network and others. We invite you to use our Military Skills Translator to search for career opportunities here at Wells Fargo that match your military skills and experience.

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.

Keywords: Wells Fargo, Charlotte , Head of Front Office Market Data Quantitative Analysis - Wells Fargo Sec Banker, Other , Charlotte, North Carolina

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