Wells Fargo & Company is a nationwide, diversified, community-based financial services company that is headquartered in San Francisco with major locations around the country. Founded in 1852, Wells Fargo is one of the country’s oldest and most stable companies. We have more than 265,000 team members and serve about one in three households in the United States. We are looking for talented and ambitious individuals to work with our large community of quants, who are working on a wide range of problems. Areas of applications include: loss and revenue forecasting, credit decisions, financial crimes, fair lending, operational risks, and stress testing. We use state-of-the-art statistical, mathematical, and machine learning techniques to develop, assess, and audit models in these areas. We also use natural language processing and deep learning algorithms to model information in unstructured data (such as text and audio).

QUANTITATIVE INTERNSHIP PROGRAM (QIP):

This is a 10-week summer internship that starts in June 2020. It is designed to provide interns with professional and industry experience and prepare them to develop, validate or audit various quantitative models. There are two major tracks.

• The CAPITAL MARKETS track deals with mathematical models for pricing, hedging and risking complex financial instruments. Wells Fargo trading portfolios include products in all traded asset classes such as credit, commodity, Equity, FX, Rate, Mortgages, and Asset-Backed Finance.
• The CREDIT & OPERATIONAL RISK track deals with statistical, econometric, and machine learning models for a variety of applications, including loss and revenue forecasting, credit decisions, financial crimes, fair lending, operational risks, and analysis of unstructured data such as text and audio.

Depending on the interns’ backgrounds and interests, they will be placed in one of the following quantitative areas: Credit Decision Support, Credit Risk and Revenue Modeling, Corporate Risk Analytics including Financial Crimes and Operational Risks, Trades Products and Front Desk Quants, Mortgage Risk, AI Modeling, Model Validation, and Audit.

RESPONSIBILITIES include (but are not limited to):

• Performing core mathematical, statistical, and machine learning model development and validation;
• Participating in model risk projects and supporting development of methodologies and algorithms;
• Recommending innovative techniques to ensure Wells Fargo maintains "best in class" practice; and
• Documenting the results of the internship projects and giving presentations in a clear and concise manner.

Note: Resumes should be about two pages long and include a list of relevant graduate courses taken, description of research, projects, and any practical experience.

QUALIFICATIONS:

Applicants should be pursuing a Masters or PhD in a quantitative field such as statistics, mathematics, computer science, physics, engineering, economics, or a related quantitative field WITH AN EXPECTED COMPLETION DATE OF DECEMBER 2020 OR LATER;

Ideally, the candidate would be graduating between December 2020 and June 2021;

In addition, the applicants should have:

• Excellent computer programing skills and experience with statistical or mathematical computing packages such as C++, Python, R, SAS and SQL;
• Proven verbal and written communication skills as well as excellent interpersonal skills; and
• Demonstrated ability to work in a dynamic and complex environment.

DISCLAIMER

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.

Wells Fargo’s historical bank has been serving communities since 1852—with customers in one in three households nationwide and 8,700 locations across 33 countries. Wells Fargo—“Most Admired” among the world’s largest banks by Fortune magazine—offers an extensive portfolio of banking, mortgage, insurance, investment, consumer, and commercial expertise for every financial need. The Vision, Values & Goals of Wells Fargo details the enduring principles that guide all Wells Fargo team members in the work they do every day — in serving customers and helping each other.