Wells Fargo Front Office Mortgage Quant in Des Moines, Iowa

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. We value and promote diversity and inclusion in all aspects of business and at all levels. Success comes from inviting and incorporating diverse perspectives.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Consumer Lending is an industry leader in supporting homeowners and consumers. Our group includes Home Lending, Personal Lending, and Wells Fargo Auto, and the professional services teams that partner with these businesses. Our value added is financial advice and guidance. We’ve built our team of top professionals by rewarding their accomplishments and ensuring they have what's needed to succeed.

  • Join the #1 Mortgage originator and servicer (/Source: Inside Mortgage Finance/)

Our Capital Markets team manages the interest rate and operational risks associated with the origination, sale and servicing of mortgage loans, and provides liquidity for the mortgage assets originated by Wells Fargo.

The Role

We are seeking a skilled and experienced Front Office Mortgage Quant to join our Capital Markets Model Development team. This team builds mortgage models and support all the Wells Fargo businesses involved in mortgage activities (trading/investment portfolio, ALM, risk management). This role will be responsible for performing highly complex activities related to mortgage products, business analysis and/or risk modeling.

The role will focus on prepayment and default behavior models for agency and non-agency mortgages. A successful candidate must have strong expertise as prepayment modeler and be familiar with Residential Mortgage-Backed Securities (RMBS) valuation, OAS framework and risk analysis.

Key duties and responsibilities of this position include, but may not be limited to:

  • Design, estimate, implement, test, document and maintain statistical models for prepayment, default, loss severity forecasting of agency and non-agency mortgages.

  • Develop model performance metrics like statistical back tests or P&L explanation analysis

  • Handle and evaluate extensive varied database from multiple internal and external sources.

  • Deliver business-oriented communications for internal and external counterparts.

  • Interact with regulators on high visibility models in order to resolve regulatory MRAs (Matters Requiring Attention)

Locations: Charlotte, NC preferred; NYC; DC; Minneapolis, MN; Des Moines, IA; St. Louis, MO; may consider other Wells Fargo hubs

Required Qualifications:

  • 2+ years of experience in an advanced scientific or mathematical field

  • A master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science

  • This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.

  • Ability to travel up to 10% of the time

Job Expectations:

  • This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.

  • Ability to travel up to 10% of the time

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5456927&PostingSeq=1.

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.