Associate, Front Office QIS Equities Quant
Wells Fargo Corporate & Investment Banking (CIB) delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients globally. The Markets division provides solutions to manage exposure through derivatives, lending, and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, and Credit Sales & Trading.
About the role
Wells Fargo is seeking an Associate for the QIS desk quant role within Corporate & Investment Banking's Global Markets. Our Front Office Quantitative Model Development Team is undergoing a strategic buildout to elevate capabilities and support trading and sales partners. This initiative offers a unique opportunity to shape a next-generation quantitative platform in a growing markets business. The successful candidate will join a collaborative team focused on developing and implementing advanced quantitative models and tools for Equities trading, pricing, and risk management. This role involves working on cutting-edge problems in forecasting, optimization, and risk mitigation, contributing to a unified, cross-asset quantitative platform within CIB. While anchored in Front Office Equities, the impact will extend across asset classes and business lines.
Responsibilities
- Participate in initiatives and identify opportunities for process improvements within Securities Quantitative Analytics, focusing on the QIS business.
- Develop automated trading algorithms or create cutting-edge derivative pricing models and empirical models to provide insight into market behavior.
- Combine mathematical programming and market expertise to build and generate systematic strategies.
- Review and analyze business, operational, or technical assignments requiring evaluation and selection of alternatives.
- Exercise independent judgment to guide medium-risk deliverables.
- Use quantitative and technological techniques to solve complex business problems.
- Conduct research on trading cost models, liquidity models, risk models, portfolio construction methodology, and signal generation.
- Present recommendations for resolving complex situations.
- Exercise independent judgment while developing expertise in Securities Quantitative Analytics.
- Collaborate and consult with colleagues, internal partners, and stakeholders.
- Play an integral role on the trading floor.
Requirements
- 2+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through work experience, training, military experience, or education.
Qualifications
- 2+ years working as a front office desk quant with an emphasis on equities model development.
- 2+ years of hands-on programming experience, with strong proficiency in C++ and/or Java, particularly in numerical optimization contexts.
- Strong experience with equity or cross-asset Quantitative Investment Strategies (QIS).
- Strong communication skills with the ability to translate complex quantitative concepts into clear, business-relevant insights.
- Experience working with volatility surfaces and curve construction (rates, borrow, dividends), ideally implemented in C++.
- Proven experience partnering directly with Sales and Trading teams in a Front Office quant capacity.
- PhD or equivalent advanced degree in Computer Science, Mathematics, Computational Finance, or a related quantitative discipline.
Job Expectations
- Specific compliance policies may apply regarding outside activities or personal investing; affected employees must provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements.
- This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. Individuals subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
- Successful candidates must meet and comply with ongoing regulatory obligations, including periodic screening and mandatory reporting of certain incidents.
Pay
The base pay range for this position is $143,000.00 - $224,000.00. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement