Wells Fargo & Company
Commercial Rates & FX Sales Analyst
This job is now closed
Job Description
- Req#: R-385842
- Generate ideas and prepare marketing materials
- Provide market commentary, trade structuring and pricing and execution
- Manage client onboarding process
- Interact with documentation and settlements groups
- Partner closely with their counterparts in Commercial Banking, Markets (Trading, XVA) as well as with other CIB partners (Investment Banking, Debt Capital Markets, and Leveraged Finance)
- Collaborate seamlessly across the platform
- Focus on building client relationships
- Foster a strong risk mitigating and compliance-driven culture
- 6+ months of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 6+ months of experience in a sales & trading capacity
- Strong interest in global macro markets
- Familiarity with credit risk concepts; CVA/DVA/FVA
- Excellent verbal and written interpersonal communication skills
- Strong quantitative and analytical skills
- Attention to detail and organization
- Advanced proficiency with Microsoft Excel & PowerPoint
- Ability to thrive in a fast paced, team-oriented environment and work under pressure
- High standard of collaboration to help attain group goals
- A BS/BA degree or higher in business administration, economics, finance, or related field
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.
- 401(k) Plan
- Paid Time Off
- Parental Leave
- Critical Caregiving Leave
- Discounts and Savings
- Health Benefits
- Commuter Benefits
- Tuition Reimbursement
- Scholarships for dependent children
- Adoption Reimbursement
About this role:
Wells Fargo’s Corporate and Investment Bank is hiring for an Analyst position on the Commercial Rates & FX Sales Team. The role is focused on the marketing and execution of Rates products, specifically in support of the risk management needs of Wells Fargo’s Commercial client base. The position is direct client-facing and core responsibilities include management of client onboarding process, idea generation, pitch book creation, the pricing and booking of trades, providing market updates, post-trade follow-up and interaction with settlements groups.
The candidate should have a technical understanding of basic Rates products such as but not limited to interest rate swaps, collars, caps, and floors with a willingness to expand their knowledge to additional risk management products in the future, including FX suite of products. Rates Sales team members partner closely with their counterparts in Commercial Banking as well as with other CIB coverage partners including DCM, Leveraged Finance and Investment Banking to cohesively market the bank’s solutions and are expected to collaborate seamlessly across the platform. Potential team members should be focused on building strong customer relationships balanced with helping to foster a strong risk mitigating and compliance-driven culture.
In this role, you will:
Required Qualifications:
Desired Qualifications:
Job Expectations:This position is subject to Dodd-Frank Background Screening Requirements, including successful completion and clearing of a background screen. Applicants are subject to a new screen to comply with Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act which states that Associated Persons (AP) cannot be subject to statutory disqualification. Under industry regulations, an AP is defined as a team member who solicits or accepts client orders for swaps. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$92,400.00 - $164,400.00Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
Posting End Date:
28 Jul 2024*Job posting may come down early due to volume of applicants.
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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.
About the company
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco.