Delta One Trader

About this role:

Wells Fargo is seeking a Delta One Trader. Learn more about our career areas and lines of business at  wellsfargojobs.com  .

In this role, you will:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo.

It all begins with outstanding talent. It all begins with you.

The 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.

Wells Fargo is seeking an experienced, senior Delta One Trader (a/k/a Equity Swaps, Synthetic Equity Trading) to join our team. The ideal candidate is expected to be able to manage and optimize equity finance trading activities alongside colleagues on the desk. Collaboration with various areas of risk management, compliance, sales, funding and treasury, and other trading desks will be a priority. Generating profitable strategies that utilize our broadening capabilities and meet all regulatory guidelines to drive the success of the Equities business is a priority for this position.

Key areas responsibilities will include:

• Strategy development
• Risk management 
• Leadership, in challenging times and in BAU
• Deep understanding of compliance and regulation topics in the total return swaps businesses 
• Manage and develop a team of trading professionals to manage positions, risk, and profitability of the securities trading business
• Engage clients, compliance, portfolio managers, and industry leaders
• Identify and recommend opportunities to develop trading programs and procedures
• Develop and maintain relationships with securities dealers and Portfolio Managers
• Act as an organizational liaison with industry and regulatory organizations related to trading issues
• Determine appropriate strategy and actions of Wells Fargo Securities team to meet risk, compliance, and portfolio deliverables
• Interpret and develop trading architecture, trading policies and procedures for managing trades from inception to post trade analysis
• Collaborate and influence peers and risk compliance portfolio managers
• Interact directly with brokers, clients, and regulators
• Manage allocation of people and financial resources for Securities Trading
• Develop and guide a culture of talent development to meet business objectives and strategy​

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.

Required Qualifications:

• 6+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 3+ years of management experience
• Successfully completed FINRA Series 7 and 63 (or 66) exams to qualify for immediate registration (or FINRA recognized equivalents)
• Successfully completed FINRA Series 24 exam to qualify for immediate registration (or FINRA recognized equivalents)
• Successfully completed FINRA Series 31 exam to qualify for immediate registration (or FINRA recognized equivalents)
• Successfully completed FINRA Series 55 exam to qualify for immediate registration (or FINRA recognized equivalents)

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
 

Desired Qualifications:

• BS/BA or higher
• 10+ years experience covering hedge fund accounts.
• Understanding of treasury funding applications, balance sheet and capital optimization
• Leadership experience, particularly in navigating issues through to resolution
• Exceptional written and oral communication skills
• Effective organizational, multi tasking, and prioritizing skills
• Team-oriented mindset and work in close partnership with the various sales and trading teams and relevant support partners
• Energetic self-starter who is detail oriented while possessing effective communication skills.

Posting Location:

30 Hudson Yards, New York, NY

Pay Range:

• Base pay range for this position in New York is 400,000.00 - 400,000.00 USD
• May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards

Pay Range

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Drug and Alcohol Policy

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