Vice President, Front Office Quant PFE Specialist

The Corporate & Investment Bank (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.

Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading.

About this role:

Wells Fargo is seeking a Vice President, Lead Securities Quantitative Analytics Specialist in Corporate & Investment Banking as part of Markets specifically in the Counterparty Risk Model Development team. Learn more about the career areas and lines of business at wellsfargojobs.com .

The Counterparty Risk Model Development team responsible for developing and implementing quantitative models and tools for counterparty credit risk management, with a focus on Potential Future Exposure (PFE) forecasting, derivative pricing, optimization, and risk mitigation. This role supports a strategic initiative to build next‑generation models integrated into a holistic markets quantitative risk and trading platform. This opportunity will collaborate closely with Front Office Trading, Risk Oversight, Technology, and Model Governance functions to ensure business requirements are met and governance standards are upheld. Strong written and verbal communication skills are required to effectively socialize modeling approaches, communicate progress, and escalate issues requiring support.

In this role, you will:

• Lead complex initiatives involving the creation, implementation, documentation, validation, and defense of counterparty credit risk models.
• Design, develop, and implement quantitative models for Potential Future Exposure (PFE) for OTC interest rate and foreign exchange products.
• Develop, integrate, and deploy optimization‑based curve construction and product pricing solutions in collaboration with other quantitative teams, contributing to methodology design, implementation, and performance optimization.
• Support model development activities related to counterparty credit stress testing and default loss estimation related to client and central clearing counterparty (CCP) portfolios.
• Communicate and collaborate effectively with business stakeholders, quantitative teams, technology partners, Model Risk Management, and project management to resolve issues and achieve objectives.
• Deliver high‑quality results while adhering to internal policies, procedures, and regulatory compliance requirements.
• Contribute to large‑scale project planning, balancing short‑term deliverables with long‑term strategic objectives.
• Apply expertise in stochastic modeling, structured securities, and spread analysis to propose and drive model development strategies, enabling informed decision‑making for products and business initiatives with broad impact.

Required Qualifications:

• 5+ years of Securities Quantitative Analytics experience, or equivalent demonstrated through a combination of work experience, training, military experience, or education.

Desired Qualifications:

• Ph.D. in mathematics, statistics, engineering, physics, finance, computer science, or a related quantitative field.
• 5+ years of quantitative model development experience.
• 3+ years of experience in capital markets modeling, particularly in Potential Future Exposure (PFE) or CVA modeling. Experience in counterparty default loss and CCP modeling is a plus.
• Strong derivatives modeling and implementation experience, especially in Rates or FX products.
• Solid foundation in financial mathematics, including stochastic calculus, Monte Carlo simulation, and numerical methods.
• Strong hands‑on programming skills in C++ and Python, with demonstrated experience in production‑quality model implementation.
• Delivery‑focused mindset with experience partnering closely with technology teams to deploy models within enterprise systems.
• Excellent verbal, written, and interpersonal communication skills, with the ability to collaborate effectively across functions.
• Proven ability to manage multiple projects, prioritize tasks, meet deadlines, and perform in a fast‑paced, change‑driven environment.
• Strong interest in financial markets and a practical, solution‑oriented approach to meeting business needs.

Job Expectations:

• Visa sponsorship is not available
• 10% of travel
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Posting Location:

• 500 West 33rd St. - New York, New York 10001

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.