Cap Mkts-technology Manager 1

Company Name:
Wells Fargo
Position Type:
Enterprise Market Risk Technology (EMRT) department provides world class business solutions to support Corporate and LOB Risk teams. The EMRT group works with its business partners in identification, measurement, aggregation and reporting of Market Risk across the firm. The group works closely with the lines of business to ensure that risks are being appropriately managed within the defined risk appetite for the firm. Market risk activities include market risk, counterparty credit risk, issuer risk, country risk and liquidity risk. The Market Risk systems perform valuation, simulation, aggregation and reporting of risk metrics and models on all simple (bonds) and complex (structured products, derivatives) securities 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 Market 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. The quantitative models and associated data support trading activities as well as regulatory and business reporting.
The open position is for a data services manager within the EMRT team supporting Corporate Risk and its partner businesses. The data services manager role is responsible for directing strategy, program management, relationship management, and application development oversight for data and data services within EMRT. The manager will run a team of onshore and offshore resources to create new risk processes, and to re-factor and in some cases completely re-architect and replace, large components of the existing Market Risk Systems.
The role will partner with senior line of business and technology managers to ensure that technology deliverables meet their requirements. The manager is expected to be a subject matter expert (SME) in the Capital Market business space with specific knowledge of market and/or counterparty credit risk, trading and position related functions and data. The manager will use their SME knowledge to guide business and technology requirements, and overall strategy. As part of strategy the manager is expected to assess the impact of upcoming regulations and emergent technology in the risk space.
This position also requires that the manager have experience working with relational databases. This experience is needed to manage the large amount of trade, position and market data feeding into the system, as well as the risk results and reporting data stored in a database. There are significant speed and memory performance considerations related to the volume of trade and position data and risk calculations being produced on a daily basis. This requires skills in logical and physical schema design, real time and batch processing, data collection and enrichment techniques, and data services for distribution of data real time.
Basic Qualifications
10+ years experience in application development and implementation including 7+ years experience in the capital markets and investment banking industry; 2+ years management experience in the capital markets and investment banking industry.
Minimum Qualifications
Working knowledge of mathematical modeling constructs and capital markets & investment banking systems substantially similar to one, or more, of the following: 1) Advanced mathematical concepts, such as financial engineering/advanced calculus/statistical modeling/concepts of probability; 2) Theoretical pricing characteristics (e.g., the Greeks) and/or advanced trading analytics; 3) Developing technology in support of multiple, complex risk and/or pricing models requiring ongoing evaluation based on market fluctuations, such as VaR, Counterparty Potential Future exposure and stochastic modeling; 4) Developing technology in support of trading capital markets asset classes. Extensive experience in the capital markets business and processes (e.g. pricing of derivatives, trade lifecycle, electronic trading/algorithmic trading, electronic market making) from an application development perspective. Knowledge of SEC, FINRA, Dodd Frank, Basel, and/or other industry regulations in building technology solutions.
- 5+ years management experience.
- Strong object oriented analysis and design experience, with thorough understanding of design patterns and their application.
- 3+ years of proven experience in translating business requirements to technology specifications for data solutions.
- 3+ years experience with using database model, table relationships and views.
- 2+ years hands-on ability to use complex SQL to produce data queries and test expected results.
- 3+ years in data analysis and system analysis experience.
Preferred Skills
- Bachelor degree in Science, Computer Science, or Engineering.
- Masters degree and/or Series & or equivalent preferred.
- Relational database experience in designing schema, stored procedures, and views for performance with large data sets.
- Familiarity with agile software development techniques including designing software for unit testing and acceptance testing, and the use of continuous integration
- Experience with full lifecycle software development.
- BI and reporting experience SSRS, COGNOS or SAS or similar tools.
- Demonstrated problem analysis and solving skills including complex problems.
- Ability to clearly articulate, document and communicate problem, resolution, and development plans.
- Experience working on projects that include multiple teams or lines of business.
- Demonstrated ability to coordinate efforts across multiple business units & applications with outstanding verbal & written communication skills.
- Liaise with Enterprise & LOB Program/Project Management teams on larger scale implementations.
- Provide project leadership/support in leading discovery meetings, business requirement documentation, support of functional system design document, creation of test scripts, test validation, support of user acceptance testing, support of new functionality training, implementation planning and implementation support.
- Desire and demonstrated ability to establish, build, and maintain team relationships.
- Experience effectively influencing and communicating with team members.
- Proven organization skills and ability to prioritize and handle multiple tasks.
- Demonstrated ability to lead and work with teams across multiple locations and time zones.
- Proven communication, presentation, and interpersonal skills.
- Proven organization and follow-up skills

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