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Wells Fargo · 1 week ago

Systematic Algo Trading Strategies - Quantitative Researcher - Vice President

New York, NY

Full-time

Onsite

Mid, Senior Level

$191K/yr - $305K/yr

5+ years exp

Wells Fargo is a leading financial services company that provides a comprehensive suite of banking, capital markets, and advisory solutions. The role of Quantitative Researcher involves researching, designing, and managing systematic market making algorithms, while collaborating with various teams to optimize trading strategies and enhance pricing and risk management.

BankingFinancial ServicesFinTechInsurancePayments

H1B Sponsor Likely

Responsibilities

Partner with business stakeholders to design and implement foundational quantitative analytics and strategies for optimizing execution in electronic trading platforms

Research, develop, and optimize pricing and risk algorithms within a low-latency environment

Understand, maintain, and enhance pricing, risk, and signal code built within the algorithmic framework

Apply statistical inference and machine learning to identify and predict performance and cost drivers

Produce ad-hoc analysis and visualizations for business partners

Document back-testing results, references, and monitoring materials for peer review and ongoing performance evaluation

Conduct deep quantitative research into market microstructure and empirical performance to drive innovation in pricing and risk strategies

Translate research into production-grade algorithms that facilitates trading decisions

Ensure system robustness through rigorous back-testing, system controls, and real-time protections

Continuously refine logic to adapt to evolving market conditions and client-specific needs

Design and maintain frameworks to manage trading risk and ensure compliance with internal and regulatory standards

Monitor live algorithm behavior, detect anomalies, respond to incidents, and participate in change management and post-deployment validation

Lead complex initiatives to resolve algorithmic trading using high-frequency trading technology with broad impact

Act as key participant in developing, implementing, and monitoring risk based programs to recommend decisions to buy or sell financial securities on an exchange for Securities Algorithmic Trading

Review and analyze complex formulas, combined with mathematical models and human oversight that require in-depth evaluation of multiple factors including the use of process and rules based algorithms to employ strategies for executing trades

Make decisions in complex and multi-faceted situations requiring understanding of the function, policies, procedures and compliance requirements that influence and lead broader work team to meet deliverables and drive new initiatives

Collaborate and consult with peers, colleagues and mid-level to more experienced managers to resolve issues and achieve goals

Qualification

Securities Algorithmic TradingQuantitative ModelsStatistical ProgrammingMachine LearningElectronic TradingMarket MicrostructureData VisualizationPythonJavaC++KDB/DeepHavenCommunication SkillsOwnership Mindset

Required

5+ years of Securities Algorithmic Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Preferred

5+ years' experience in electronic trading, market microstructure, and quantitative models

Bachelor's degree in quantitative discipline; advanced degree (Master's/PhD) preferred

Rates/FX experience a plus

Advanced proficiency in applied statistics, time-series analysis, data mining, and visualization, including modern machine learning and AI techniques

Advanced proficiency in statistical programming and scripting languages such as Python (Pandas/NumPy/SciPy/scikit-learn), Java and C++ a plus

Proficiency in tick databases such as KDB/DeepHaven

Knowledge of high-frequency trading systems, workflows, and communication paradigms (FIX, binary exchange venues)

Experience partnering with technology to develop and architect low-latency infrastructure

Strong written and verbal communication; ability to synthesize information rapidly

Ownership mindset with the ability to manage multiple tasks in a fast-paced team environment

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

Company

Wells Fargo

Glassdoor3.6

Wells Fargo & Company is a financial services firm that provides banking, insurance, investments, and mortgage services.

Founded in 1852

San Francisco, California, USA

10001+ employees

http://www.wellsfargo.com

H1B Sponsorship

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