At a Glance
- Tasks: Design and implement cutting-edge FX pricing models while collaborating with traders.
- Company: Join Wells Fargo, a leader in financial services with a commitment to innovation.
- Benefits: Competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Be part of a collaborative team focused on solving complex financial challenges.
- Why this job: Make a real impact on trading strategies in a dynamic, fast-paced environment.
- Qualifications: Strong background in quantitative analytics and programming skills in C++/Java.
The predicted salary is between 81000 - 99000 £ per year.
Wells Fargo is seeking a Macro-FX Desk Quant (also known internally as a Senior Lead Securities Quantitative Analytics Specialist). As a Macro-FX Desk Quant you will assume a front office desk Quant role in London to closely support the Macro-FX trading desks as part of the global modelling team. This includes Foreign Exchange (“FX”) and cross FX/Rates products. In particular, you need to have experience in FX Spot and Options modelling in a front office delivery role on a trading floor, ideally combined with experience in Rates or FX/IR Hybrid derivatives.
This Quant would be working closely with the Macro-FX traders, and other quant team members in order to design, implement, support and deliver Option pricing and trading models, as well as their integration into Trading and Risk systems. You would be in close contact with other Quant team members, IT developers and the Control Groups globally to ensure best practice and coherent implementation.
In this role, you will:
- Design, implement, support, and deliver pricing and trading models, as well as their integration into Trading and Risk systems for the Macro-FX business.
- Work closely with Traders on short-term projects, as well as working within the Quant team on wider projects for the business.
- Participate in the analysis, design, implementation, testing, and delivery of derivative pricing and trading models for FX and FX/Rates products.
- Proactively understand business needs and market conventions, interact effectively with traders and/or management, and initiate possible solutions with clear and intuitive verbal and/or written communications and documentation.
- Perform core financial model analysis and development with a fundamental understanding of arbitrage, hedging, calibration and stochastic processes.
- Model implementation in C++ and Java with due care and attention and the incorporation of sanity checking.
- Participate in the model deployment and support of models in trading systems.
- Understand processes and work flows to make recommendations for process improvements. Bring closure to issues, questions and requests. Solve problems independently.
- Consistently learn new systems, applications, processes and techniques.
Required Qualifications:
- Experience in Securities Quantitative Analytics, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Expertise in exotic FX derivatives models such as Stochastic Local Vol and models for non-vanilla CSA. Expertise with stochastic rates and FX/IR hybrid models is a plus.
- Solid knowledge of financial mathematics, particularly, stochastic calculus, arbitrage, hedging, PDE, Monte-Carlo and other numerical methods.
- Significant experience working as a front office desk Quant for FX derivatives, ideally with exposure to exotics Rates derivatives and FX/IR hybrids.
- Hands on experience of C++/Java and Python.
- Post graduate qualification in quantitative field such as mathematics, statistics, engineering, physics or computer science, ideally a PhD.
- Deep knowledge of FX markets and conventions, hedging practices, and calibration issues. Knowledge of Rates markets is a plus.
- Team player, comfortable on a trading floor, with strong, clear and concise written and oral communication skills.
- Demonstrated experience with exchange-traded derivatives.
- Delivery focused with experience participating in the model deployment in the system.
- Ability to work on multiple projects, to problem solve, and to effectively organize tasks, manage time, set priorities and deadlines.
Desired Qualifications:
- Demonstrated experience in successfully collaborating with others in a change driven environment.
- Curious to keep up with market practices and recent developments on the pricing and regulatory fronts.
- Good intuitions on the models and the model results.
- Strong interest in financial markets and willingness to provide practical solutions for a trading desk.
- Experience of using AI coding tools.
Job Expectations:
- Play an integral role to the trading floor.
- Participate in moderately complex initiatives and deliverables within Securities Quantitative Analytics.
- Contribute to large-scale departmental planning.
- Combine mathematical programming and market expertise to build and generate systematic strategies for hedging.
- Review and analyze moderately complex business, operational, or technical challenges within Securities Quantitative Analytics that require an in-depth evaluation of variable factors.
- 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.
- Resolve moderately complex issues independently.
- Participate with the team to meet deliverables while leveraging solid understanding of Securities Quantitative Analytics policies, procedures, and compliance requirements.
- Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals.
- Help in projects, teams, or serve as a mentor for less experienced staff.
Executive Director, FX Options Desk Quant in London employer: WELLS FARGO BANK
Wells Fargo is an exceptional employer that prioritises employee growth and development, offering a dynamic work culture that fosters collaboration and innovation across the EMEA, APAC, and Canada regions. With a strong commitment to operational resilience and a focus on building robust customer relationships, employees are empowered to make impactful decisions while enjoying comprehensive benefits and support for work-life balance. The company's dedication to diversity and inclusion ensures a welcoming environment where all voices are valued, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Executive Director, FX Options Desk Quant in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like WELLS FARGO BANK. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from WELLS FARGO BANK.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like WELLS FARGO BANK. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Executive Director, FX Options Desk Quant in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in WELLS FARGO BANK and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show WELLS FARGO BANK how you can be a team player!
How to prepare for a job interview at WELLS FARGO BANK
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with WELLS FARGO BANK.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with WELLS FARGO BANK's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
