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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 Technology sets IT strategy; enhances the design, development, and operations of our systems; optimizes the Wells Fargo infrastructure footprint; provides information security; and enables continuous banking access through in-store, online, ATM, and other channels to Wells Fargo's more than 70 million global customers.
This position is for a Java software developer concentrating on the pricing model aspects in the pricing model components described in the software stack below.
Area of Job Within the Company
The role is within the Quantitative Analytics team of the broader Capital Markets Risk Technology (CMRT) group. CMRT works with its business partners to identify, measure, aggregate and report firm-wide market risk. The Quantitative Analytics team is specifically responsible for building, enhancing, and maintaining the core risk analytics used for calculation of firm-wide market risk.
The core risk analytics software built and maintained by this group utilizes core Java, SQL Server, Autosys, IBM Platform Symphony, and Coherence and consists of the following:
A framework to integrate pricing models for valuing a broad spectrum of assets (equities, fixed income, commodities, foreign exchange, structured products) and their associated derivatives
Models to perform the valuations - Some models are built in-house, some are integrated 3rd party libraries, and some are integrated as calls to trading/valuation systems
Stress scenarios and stress testing framework to support internal stress testing and Comprehensive Capital Analysis and Review (CCAR)
Historical simulation engine to calculate Greeks, sensitivities, and simulated P&L vectors
A high performance distributed computation grid and in-memory cache
Candidates applying for this position should be prepared to work in this software environment with the following expectations:
Perform in the high level technical and analytics role as an individual contributor developing software for the various risk analytics processes
Work with font office technology partners to implement solutions to calculate market risk for many different products, including CMBS, ABS, RMBS, Bonds, Equity, FX and Commodities
Support portfolio stress testing and CCAR (Comprehensive Capital Analysis and Review) exercise
Work directly with business analysts, Market Risk Officers, and Quantitative Risk Analytics group (Quants) to understand requirements
Read and understand business specifications and create functional specifications from them
Create thorough designs - taking care to assure that designs integrate well into existing architecture
Write high quality code in the Java language using object oriented principals and design patterns as appropriate
Create/modify SQL Server database objects (tables, views, stored procedures, etc.) as needed
Perform high quality thorough unit testing and documentation of development activities
Work on complex problems where analysis of situations and/or data requires a solid grasp of both computing and business/risk domains
Work with large data sets requiring extreme attention to computational efficiency, parallelism, and scalability
Assure quality, maintainability, and extensibility for supported systems and risk applications
5+ years of application development experience
3+ years of securities industry experience
7+ years of Java experience
5+ years of Object Oriented experience
5+ years of SQL experience
Advanced experience in capital markets business and processes
Basic knowledge and understanding of mathematical modeling
Basic knowledge and understanding of SEC, FNRA, and international regulations for building technological solutions
Knowledge and understanding of technology platform development including large scale technology in a capital markets environment
Knowledge and understanding of risk measures and calculations ( dv01, delta, vega, gamma)
Knowledge and understanding of technology development: support of complex risk and pricing models
Knowledge and understanding of technology object oriented: analysis and design
NC-Charlotte: 1525 W Wt Harris Blvd - 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: 5545889
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