{"id":3184764,"url":"https://alion.io/job/wells-fargo-senior-quantitative-model-validator-rates-fx-model-validation","title":"Senior Quantitative Model Validator, Rates & FX Model Validation","company":{"id":1977,"name":"Wells Fargo","domain":"wellsfargo.com","url":"https://alion.io/company/wells-fargo","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"A","score":100,"open_postings":5,"ghost_share":0,"stale_share":0,"repost_share":0,"time_to_fill_p50_days":2,"computed_at":"2026-10-25T05:49:26Z"}},"role":"Finance","role_family":"Finance","seniority":"senior","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Fargo, United States","Irving, United States","Des Moines, United States","Tempe, United States","Saint Louis, United States","Minneapolis, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":139000,"max":239000,"currency":"USD","period":"year","gross":null,"usd_annual":239000},"salary_estimate":null,"experience_years_min":4,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"C++","optional":false},{"name":"Java","optional":false},{"name":"Python","optional":false},{"name":"Volatility","optional":false}],"status":"live","first_seen_at":"2026-10-23T23:11:06Z","employer_posted_date":"2026-10-23","last_verified_at":"2026-10-24T11:22:34Z","board_verified":true,"closed_at":null,"days_open":1,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":1},"description":"About this role:\nThe Markets Model Risk Management (MRM) team is seeking an experienced Senior Quantitative Analytics Specialist - Market Risk Model Validator to join the Trading and Market Risk Division to support the independent validation of derivative pricing models used by Macro trading desk within Corporate & Investment Banking (CIB), with a primary focus on Rates and FX derivatives.\nThis position is dedicated to validating front office Rates and FX derivative models within the Corporate & Investment Banking (CIB) division. The role is closely aligned with the expansion needs of the Macro Trading Desk, supporting the development and implementation of new and enhanced models such as Term Structure Models, Curves, and Volatility Surfaces. These models are designed for a range of products, including single currency and cross-currency Bermudan options, callable instruments, range accruals, collateralized inflation-linked floaters, hybrids, etc. The position offers significant exposure to the intricacies of complex derivative modeling while maintaining a strong commitment to model risk governance and control.\nThe role offers a unique opportunity to work at the intersection of front office quantitative modeling and regulatory model risk management, partnering closely with trading, quantitative research, risk, and senior stakeholders. The ideal candidate will have deep hands-on experience in derivative pricing within Rates, FX and Muni business units, including term structure modeling, volatility modeling, and curve construction. Their primary responsibility will be to deliver independent risk assessment of models across their entire lifecycle, ensuring robustness, accuracy, and alignment with model risk standards. In addition, the candidate will be expected to provide effective challenge to models developed within the lines of business (LOB), with a particular focus on the Rates, FX, and Muni business units, ensuring that assumptions, methodologies, and implementations are conceptually sound and appropriately governed.\nThis role requires an inquisitive mindset and a willingness to challenge (even established) modeling choices and assumptions, to design relevant testing scenarios, to numerically implement model components, to conduct and analyze comprehensive testing, and to develop alternative models. Each of these steps needs to be executed and documented with risk-based rationale to support or invalidate modeling choices, assumptions and adequacy in the context of the model purpose and usage.\nThis highly visibly position will provide interaction with various key model stakeholders and therefore requires someone with the ability to develop and maintain strong strategic partnerships. The ability to communicate with different audiences (technical staff, senior management, regulators) both verbally and in writing is very important. The team operates in a fast-paced environment and the ability to multi-task and meet strict timelines is critical.\nIn this role, you will:\nPerform independent model validation for front office pricing and risk models across Rates and FX businesses, clearly documenting validation conclusions and risk assessments\nProvide effective challenge to models developed within the lines of business, particularly CIB front office quantitative teams\nValidate models used for single currency and cross-currency Bermudan options, callable instruments, range accruals, collateralized inflation-linked floaters, FX Options, hybrids, etc.\nReview and assess term structure models, including multi factor interest rate models, as well as stochastic (local) volatility frameworks\nDevelop benchmark or alternative models, or replicate front office implementations, to support validation conclusions\nIdentify conceptual weaknesses, limitations, and assumptions in models, and clearly communicate associated risks to stakeholders\nValidate spreadsheet based and non library models, including controls, calculations, and governance standards\nEnsure models meet regulatory expectations and internal model risk standards\nInteract with front office quants, risk managers, senior management, and regulators on model related topics\nProvide guidance and mentorship to junior validators and contribute to process improvements within the MRM framework\nRequired Qualifications:\n4+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education\nBachelor's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science\nDesired Qualifications:\nPhD in a quantitative discipline such as Quantitative Finance, Computational Finance, Mathematics, Physics, Engineering, or Computer Science\nDeep expertise in quantitative model development or validation within financial markets, with a strong theoretical foundation in derivatives pricing and proven experience in applied quantitative research, contributing to model design, enhancement, and validation methodologies.\nAdvanced knowledge of term structure modeling, volatility modeling, and curve construction, spanning both single-currency and cross-currency frameworks\nStrong programming capabilities in languages such as Python, C++, or Java, with experience building and implementing production-grade models\nExperience partnering closely with front office quantitative and trading teams\nHands-on experience with Rates and/or FX derivatives in a trading or front office adjacent environment\nSolid understanding or regulatory model risk frameworks\nJob Expectations:\nThis position offers a hybrid work schedule\nWillingness to work onsite at stated location on the job posting\nPay Range\nReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.\n$139,000.00 - $239,000.00\nBenefits\nWells 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.\nHealth benefits\n401(k) Plan\nPaid time off\nDisability benefits\nLife insurance, critical illness insurance, and accident insurance\nParental leave\nCritical caregiving leave\nDiscounts and savings\nCommuter benefits\nTuition reimbursement\nScholarships for dependent children\nAdoption reimbursement\nPosting End Date:\n26 Oct 2026*Job posting may come down early due to volume of applicants.\nWe Value Equal Opportunity\nWells 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.\nEmployees 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.\nApplicants with Disabilities\nTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.\nDrug and Alcohol Policy\nWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.\nWells Fargo Recruitment and Hiring Requirements:\na. Third-Party recordings are prohibited unless authorized by Wells Fargo.\nb. 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