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Software Engineer

Develop scalable risk data processing solutions for enterprise-wide financial risk analysis
New York
Mid-Level
$37 – 70 USD / hour
yesterday
Wells Fargo

Wells Fargo

A multinational financial services company offering banking, investment, mortgage, and consumer and commercial finance products and services.

Software Engineer

Wells Fargo is seeking a Software Engineer as part of Commercial and Corporate & Investment Banking Technology, Capital Markets Risk Technology Team. The Capital Markets Risk Technology Data Strategy Team (CMRTDS) provides business solutions to support Enterprise Market and Counterparty Risk (MCRM) and other Risk teams. CMRTDS works with its business partners in identification, measurement, aggregation and reporting of Financial Risk across the firm. The department works closely with the lines of business to ensure that risks are being appropriately managed within the defined risk appetite for the firm. The Risk systems perform valuation, simulation, aggregation and reporting of risk metrics and models on all simple (bonds) and complex (structured products, derivatives) security products. Team members will work with advanced mathematical models, theoretical pricing, statistical and stochastic models, VaR (Value at Risk), PFE (Potential Future Exposure), IMM (Internal Model Methodology), and stress. The Risk systems are comprised of intraday and overnight batch processes that handle staging for all trading position data and market data required for risk modeling as well as making this data available to the various risk valuation systems. Quantitative models and reporting support trading activities as well as regulatory and business reporting requirements.

In this role, you will:

  • Participate in analysis, design, and development of risk platform enhancements aligned to the data strategy and target state architecture.
  • Analyze/interpret the Data Modernization strategy across impacted disciplines, and develop and implement best-of-class data solutions.
  • Partner with Business and Technology in support of formalization of business requirements, translation of business requirements into detailed technical requirements, and participation in Agile-based workstreams via use of Jira.
  • Assure quality, security and compliance for supported systems and applications.
  • Review and evaluate user needs and determine requirements.
  • Assist with refinement, and adherence to, Wells Fargo Agile Adoption Methodology.
  • Understand and participate to ensure compliance and risk management requirements for supported area are met and work with stakeholders to implement key risk initiatives.
  • Conduct research and resolve problems in relation to processes and recommend solutions and process improvements.
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
  • Support implementation of solutions spanning multiple teams for multiple product or capability domains.
  • Ensure compliance and risk management requirements for supported areas are met.

Required Qualifications:

  • 2+ years of Specialty Software Engineering experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 2+ years of Agile experience
  • 2+ years of SQL experience
  • 2+ years of Data Engineering Analysis

Desired Qualifications:

  • 2+ years experience with SQL/Excel, Data Supply Chain management
  • 2+ years experience change management, release coordination, and delivery
  • 2+ years knowledge and understanding of data trade data management for reporting and quantitative analytics
  • 2+ year knowledge and understanding of risk measures and calculations (VaR, CVA, FPE, dv01, delta, vega, gamma)
  • A BS/BA degree or higher

Job Expectations:

  • This position is not eligible for Visa sponsorship
  • Relocation assistance is not available for this position
  • Position offers a hybrid work schedule

Posting Location:

150 E 42nd St. New York, NY 10017

Metro Park, 194 Wood Avenue South, Iselin, New Jersey 08830

300 S Brevard Street, Charlotte, NC 28202

Pay Range:

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$37.02 - $69.71

Benefits:

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

  • 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
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Software Engineer
New York
$37 – 70 USD / hour
Engineering
About Wells Fargo
A multinational financial services company offering banking, investment, mortgage, and consumer and commercial finance products and services.