Wells Fargo's is seeking a Corporate Rates Analyst-1st Year to join our Markets team. Learn more about Wells Fargo's Corporate and Investment Banking group and career areas at wellsfargojobs.com.
About this role:
Wells Fargo's Macro Group is hiring for an Analyst position on the Corporate 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 Corporate client base. The position is directly 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 not limited to Swaps, Swaptions and Cross-Currency Swaps with a willingness to expand their knowledge to additional risk management products in the future. Rates Sales team members partner closely with their counterparts in Rates as well as with other CIB coverage partners including Corporate Banking, DCM, Leveraged Finance and Investment Banking to cohesively market the banks 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.
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.
In this role, you will:
Generate ideas and prepare marketing materials
Provide market commentary, trade structuring and pricing
Manage client onboarding process
Interact with documentation and settlements groups
Partner closely with their counterparts in Markets (Trading, CVA) as well as with other CIB partners (Corporate Banking, 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
Required Qualifications, US:
6+ months of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
6+ months of banking 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
Degree from a Four Year Accredited College or University is a minimum requirement
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.
Compensation:
Base pay range for this position in New York is 100,000.00 - 115,000.00 USD
May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards
Additional Information:
This position is not eligible for Visa Sponsorship
Posting may come down early based on applicant volume.
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.
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. $100,800.00 - $179,200.00 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: 24 Oct 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.