Corporate & Investment Banking delivers a comprehensive suite of corporate banking; investment banking; sales, trading, financing, and research; and commercial real estate banking to corporate, institutional, and government clients around the globe.

Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading.

About this role:

Wells Fargo is seeking an Associate credit derivatives trader to form part of the European Macro Credit Derivatives team and contribute to the build up of the banks’ market making capabilities in CDS iTraxx Europe indices.

In this role, you will:

• Start as a junior trader in CDS indices, working with the trading team to launch the iTraxx and EUR SN CDS business.
• Collaborate with the sales teams to engage clients and build the required relationships that are required.
• Collaborate with tech/quant teams to develop all the risk systems, trading tools and databases.
• Collaborate with onboarding teams to coordinate the set up of clients in order to trade credit derivatives with Wells Fargo.
• Participate in Trader daily activities, executing trades, supporting client accounts, and identify opportunity for researching and correcting trade, risk and compliance issues within Wells Fargo Securities
• Review and maintain basic credit and prospectus files, manage phone traffic, complete trade tickets, update daily offering sheets, and exercise independent judgment to guide research and corrections
• Review security trading and documentation for regulatory compliance
• Report new and innovative products via market trends
• Present recommendations for resolving customer requests, provide a quick overview of buyers and sellers information, and exercise independent judgment while developing expertise in the operations and trading function
• Collaborate and consult with peers, traders, risk, compliance, and manager, including internal and external customers
  

Required Qualifications:

• Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, education.
• In particular, the candidate should have experience in trading (either in a sell side bank or in a buy side institution) credit derivatives (including CDS indices and SN CDS). That experience should involve the use of electronic trading platforms.
• The candidate should have had experience interacting with Portfolio Managers, executing trading instructions for them and contributing to their thought process and trade idea generation.
• Finally, the candidate should have knowledge of the workflow and operational side of credit derivatives: trade process, operational issues, market infrastructure, clearing houses, bilateral trading, risk systems.
• The candidate should have an educational background in Economics/Finance with a sound knowledge of derivatives.
• Finally, the candidate should be proficient in coding platforms such as Python.
  

Desired Qualifications:

• Market making experience on a similar sell-side role

Job Expectations:

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must always remain fit and proper to perform your role, and this will be assessed on at least an annual basis.

In addition to the responsibilities summarised in your job description, you are also required to always comply with the FCA/PRA Conduct Rules:

• You must act with integrity.
• You must act with due skill, care and diligence.
• You must be open and cooperative with the FCA, the PRA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells 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.

Employees 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.