Market Risk Java Developer

Wells Fargo Bank

(Charlotte, North Carolina)
Full Time
Job Posting Details
About Wells Fargo Bank
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified financial services company with $1.8 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through 8,700 locations, 13,000 ATMs, online (wellsfargo.com), and mobile devices.
Summary
Enterprise Market Risk Technology (ERMT) department provides world class business solutions to support Corporate and LOB Market Risk teams. The ERMT 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. Quantitative models and reporting support trading activities as well as regulatory and business reporting requirements.
Responsibilities
* Have Object Oriented development skills in order to create Java code that can be easily maintained and extended to meet the growing demands. * Design and implement database schema, including table and view creation. * Maintain existing code base and develop new code including complex SQL queries, stored procedures, etc. * Carry out and improve data collection and report generation processes. * Assure quality, maintainability, and extensibility for supported systems and risk applications.
Ideal Candidate
**Required Qualifications** * 3+ years of application development and implementation experience * 3+ years of Object Oriented Programming (OOP) experience * 1+ year of Java experience **Desired Qualifications** * Strong analytical skills with high attention to detail and accuracy * Excellent verbal, written, and interpersonal communication skills * Knowledge and understanding of technology object oriented: analysis and design * Knowledge and understanding of technology object oriented: design patterns and their application * Knowledge and understanding of relational database designing schema, stored procedures, and views for performance with large data sets * A BS/BA degree or higher in information technology **Other Desired Qualifications** * Location must be Charlotte, NC.

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