Executive Director, Fixed Income Financing

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

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

About this role:

Wells Fargo is seeking an Executive Director level trader to join our Fixed Income Financing (FIF) department. FIF provides client financing solutions, secured funding and collateral optimization to clients of the Markets Division and across Corporate and Investment Banking.  Products include repo, reverse repo, and total return swaps.  FIF has offices in New York, Charlotte, Dublin, London & Hong Kong. 

In this role, you will:

• Assume global responsibility for building and managing a corporate credit financing business
• Drive originations and assist with the full spectrum of functions associated with the build-out of a marketable securities financing business: (including but not limited to) credit risk management, operational risk management, infrastructure development, governance and procedures
• Participate in the complete life cycle of credit financing transactions - from sourcing supply to document negotiation and risk monitoring.
• Maintain and strengthen deep relationships in the marketplace, spanning a broad selection of counterparty types: hedge funds, asset managers, insurance companies and banks.
• Advise leadership to develop objectives, plans, resources, and long-term goals for highly complex business and technical needs
• Assist clients with financial goals
• Lead the strategy and resolution of some of the most complex and significant challenges across Securities Trading
• Deliver solutions that are long-term, and require vision, creativity, innovation, advanced analytical thinking, and coordination of highly complex activities and resolution
• Act as a top subject matter expert in the financing markets for investment grade, high yield and distressed corporate bonds to lead complex, innovative, and diverse initiatives with high risk or with significant scope, cost, and benefits
• Collaborate and consult with internal partners and managers
• Serve as an expert advisor to leadership, working collaboratively with Credit Sales & Trading, Macro, and Prime Finance
• Represent the company externally in industry networking events

Required Qualifications:

• 7+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 8+ years of relevant global credit financing experience, specifically in repos and securities lending
• Established deep relationships with counterparty types: hedge funds, asset manager, insurance companies and banks.
• A BS/BA degree or higher in business administration, economics, finance, or related field
• Strong understanding of modelling and trading
• Solid creative and strategic thinking skills
• Effective organizational, multi-tasking, and prioritizing skills
• Strong analytical and quantitative skills with high attention to detail
• Prior management experience is a plus but not required
• Familiarity with Bloomberg terminal
• Good communication skills as the job will require frequent interaction internal stakeholders and senior management
• Resilient and proven business builder with strategic vision
• Experience with Calypso for booking and Risk management

Job Expectations:

• Ability to travel as needed
• Willingness to work on-site in accordance with current office requirements
• Ability to work additional hours as needed
• Registration for FINRA Security Industry Essentials (SIE) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Posting Location:

• 500 West 33rd St. - New York, New York 10001

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

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.

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.