xVA and FISN Senior Securities Trader (Vice President)

Wells Fargo is seeking a Vice President-level Senior Securities Trader to join our xVA and FISN team. Within Corporate & Investment Banking, the Rates, Commodities, and xVA Group is responsible for the Sales and Trading platform for Interest Rates, Commodities, FX and xVA. Under this group, the xVA team is primarily responsible for the valuation and pricing of Cross Asset derivatives that Wells Fargo is a counterparty to. Additionally, the xVA group also manages the Fixed Income Structured Notes (FISN) desk, responsible for the distribution and trading of Fixed Income Structured Notes for Wells Fargo, as well as third party issuers.In this role, you will:Price, execute, and assess risk management of WF derivatives portfolio across different asset classes

Manage a portfolio of Wells Fargo issued Fixed Income Structured Notes and associated hedges.

Work with internal partners to ensure accurate data reporting, risk data accuracy and operational efficiency.

Price xVA across multiple derivatives trades (close interaction with the Sales team)

Analyze the risks and PnL for the book

Provide analytical support for Corporate Finance, Corporate Treasury, and other internal partners

Help improve processes and move the platform forward electronically

Support idea generation in the structure of new Fixed Income Structured Notes

Work on the development of new models and framework to expand the scope of action of the group

Ensure compliance with all regulatory requirements

Required Qualifications, US:4+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:4+ years of financial services industry experience, particularly experience in derivatives sales and trading

Strong understanding of Derivative modelling and trading

Experience in executing vanilla swaps and options across a variety of asset classes

Good communication skill as the job will require a very frequent interaction with our business partners within the firm

Strong analytical skills with high attention to detail

Excellent verbal, written, and interpersonal communication skills

Strong interest in financial markets and risk management

Demonstrated proficiency in handling multiple projects and deadlines

Energetic self-starter who is flexible, organized, conscientious, proactive, and detail-oriented

Strong work ethic, initiative, and desire to learn

Enjoy working collaboratively in a team environment

Experience in VBA or other scripting language

Must be able to work in a fast-paced environment and to communicate effectively internally and externally

Focused on specific, ambitious goals, and demonstrates a sense of personal accountability and urgency for achieving results

Job Expectations: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.

We Value DiversityAt 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, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.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.Company: Wells FargoReq Number: R-194483Updated: Wed Aug 10 23:02:09 GMT 2022Location: Charlotte,North Carolina