Executive Director, FX Macro FX Desk Quant

Overview

Wells Fargo is seeking an experienced Macro-FX Desk Quant in London to work closely with Macro-FX trading desks as a key member of the global modelling team. This role involves developing and supporting pricing and trading models for Foreign Exchange, including Spot and Options, along with cross FX/Rates products. The ideal candidate has hands-on front office experience in FX derivatives and preferably Rates or FX/Interest Rate Hybrid derivatives.

Key Responsibilities

• Design, develop, maintain, and deploy pricing and trading models integrated with Trading and Risk systems for Macro-FX products.
• Collaborate tightly with traders on short-term initiatives and contribute to broader quant projects.
• Lead the analysis, design, implementation, testing, and delivery of derivative pricing models for FX and FX/Rates instruments.
• Engage proactively with business teams and management to understand market conventions and requirements, delivering clear communication and thorough documentation.
• Conduct core financial modelling involving arbitrage, hedging, calibration, and stochastic process methodologies.
• Implement models in C++ and Java, ensuring correctness through rigorous sanity checks.
• Assist with deployment and ongoing support of models within trading platforms.
• Analyze workflows to recommend process improvements, resolve issues independently, and meet business needs.
• Stay abreast of new systems, applications, and methods to enhance capabilities.

Required Qualifications

• Proven experience in Securities Quantitative Analytics or equivalent via work experience, training, or education.
• Strong expertise in exotic FX derivatives models such as Stochastic Local Volatility and non-vanilla CSA models; skill in stochastic rates and FX/IR hybrid models is advantageous.
• Comprehensive knowledge of financial mathematics including stochastic calculus, arbitrage, hedging, PDEs, Monte Carlo, and numerical methods.
• Significant front office experience as a desk Quant specializing in FX derivatives with exposure to exotics, Rates derivatives, or FX/IR hybrids.
• Practical programming proficiency in C++, Java, and Python.
• Advanced degree (preferably PhD) in a quantitative discipline such as mathematics, statistics, engineering, physics, or computer science.
• Deep understanding of FX market conventions, hedging strategies, and calibration challenges; knowledge of Rates markets is a plus.
• Excellent verbal and written communication skills; ability to interact effectively on a trading floor as a team player.
• Familiarity with exchange-traded derivatives and experience in deploying models to trading systems.
• Strong multitasking, problem-solving, organizational, and time-management skills.

Desired Qualifications

• Demonstrated collaborative success in change-driven environments.
• Keen interest in current market practices, pricing innovations, and regulatory developments.
• Good intuitive understanding of models and their outputs.
• Passion for financial markets and delivering practical trader solutions.
• Experience utilizing AI coding tools.

Job Expectations

• Integral contributor on the trading floor.
• Engagement in moderately complex quantitative initiatives and delivery within Securities Quantitative Analytics.
• Participation in large-scale departmental planning efforts.
• Integration of quantitative programming and market expertise to develop systematic hedging strategies.
• Review and analysis of moderately complex business, operational, or technical challenges requiring deep evaluation of multiple factors.
• Application of quantitative and technological methods to resolve complex business problems.
• Research in trading cost, liquidity, risk modeling, portfolio construction, and signal generation methodologies.
• Independent resolution of moderately complex issues.
• Collaboration with peers and management to accomplish objectives.
• Contribution to team projects and mentorship of junior staff.

Additional Information

Wells Fargo is an equal opportunity employer committed to non-discrimination for all applicants. The company embraces a strong risk and compliance culture demanding adherence to all policies related to credit, market, financial crimes, operational, and regulatory compliance risks. Candidates should be prepared to fulfill all risk and governance-related responsibilities diligently.

The position maintains a drug-free workplace policy. Wells Fargo prohibits unauthorized third-party recordings during recruitment and requires candidates to truthfully represent their experiences throughout the hiring process.