About this role:Wells Fargo is seeking a Securities Algorithmic Trader, to assist in designing, building and running profitable systematic market making algorithms. They will learn to use modeling, data science and machine learning skills to build trading strategies. They will develop subject-matter expertise on electronic trading algorithms for clients and internal partners. Learn more about the 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.
The successful candidate will work within the credit, municipal bonds, and structured products asset classes. They will work closely with the e-Product team, trading desks, and E-Trading technology teams to assist with the continual design, development, and risk management of systematic trading in these assets. This role will focus on engineering and managing strategies that exist within a larger, low-latency framework, performing extensive customer pricing analysis and inventory optimization. Research will involve driving the discovery of revenue generating strategies leveraging data-driven techniques, analysis of new alpha signal generators, and performing strategy back-testing. Candidate will have the exciting opportunity to be directly involved in a focal growth area within the franchise.
- Work to build out algorithmic trading strategies with broad impact
- Partner closely with Technology to implement, test, maintain, and support these strategies
- Gather and analyze large and varied financial data sources
- Build models, including machine-learning models, to predict market behavior and drive the algorithmic trading strategies
- Act as a key participant in developing, implementing, and monitoring risk-based programs to trade securities for Securities Algorithmic Trading
- Review and analyze complex formulae, combined with mathematical models and human oversight that require in-depth evaluation of multiple factors including the use of process and rules-based algorithms to employ strategies for executing trades
- Work with support groups on model governance, model validation, ET governance, and algorithmic trading strategy KPIs
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
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 CRF 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.
Required Qualifications, US:- 2+ years of Securities Algorithmic Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, or education
Desired Qualifications:- An advanced degree (masters or doctorate) in a quantitative/analytical field such as Mathematics, Physics, Engineering, Computer Science
- Ability to write high-quality code in one or more programming languages
- Strong statistical background
- Proven ability to analyze large datasets, build models, and draw commercial conclusions
- Ability to develop and deliver production code. Familiarity with Java and Python strongly preferred, but alternative languages are acceptable.
- Ability to communicate and work collaboratively with traders and other groups in the firm.
- Experience designing and building systematic/algorithmic trading systems, particularly market-making systems in the fixed income space.
- Familiarity with fixed-income markets.
- Experience building machine-learning models.
- Experience collaborating on a large-scale, enterprise codebase.
- Experience working with large-scale datasets in in Python
- Demonstrated familiarity developing a safe environment using controls, testing, and resiliency, particularly around electronic trading.
- The ideal candidate will be an extremely motivated, proactive and solution-oriented individual
Job Expectations:- Up to 5% travel
- 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.
Posting Location:- 30 Hudson Yards, New York, NY
- 550 S. Tryon Street, Charlotte, NC
Pay RangeReflected 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.
$111,100.00 - $237,100.00
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:30 Nov 2024
* Job posting may come down early due to volume of applicants. 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, status as a protected veteran, or any other legally protected characteristic.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells 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.
