Institutional Municipal Trader
Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions 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. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading. Municipal Products Groups (MPG) provides capital raising, financing, and interest rate risk management solutions for municipal issuers and institutional investors as well as market liquidity.
About this role :
Wells Fargo is seeking an Institutional Municipal Trader to join the Municipal Products Group. In this role, you will :
- Help clients achieve their objectives while delivering positive business results for Wells Fargo
- Provide liquidity to institutional clients through making markets and trading municipal bonds
- Manage and hedge municipal risk through various market conditions
- Consistently interact with established tier-one institutional customer relationships and maximize trading activity
- Provide market color and trade ideas to customers and MPG
- Partner with traders, salespeople, underwriters, analysts, bankers and other business partners to deliver solutions to clients and help grow MPG
Required Qualifications :
5+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following : work experience, training, military experience, educationDesired Qualifications :
Background that includes experience in the municipal marketEstablished relationships across the municipal industry, including active relationships with tier-one institutional municipal investorsUnderstanding of various marking segments, including high grade and high yield creditsKnowledge and experience with both tax-exempt and taxable municipal bondsStrong analytical skills and an understanding of all municipal productsOrganized, affable, and able to work in a collegial, team-oriented environmentSelf-motivated with exceptional communication skillsJob 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.Registration for FINRA Series 52 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.Ability to travel as neededWillingness to work on-site in accordance with current office requirementsAbility to work additional hours as neededThis position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.Posting Location :
500 West 33rd St. - New York, New York 10001550 S Tryon St. - Charlotte, North Carolina 28202Pay Range :
$185,000.00 - $300,000.00
Benefits :
Health benefits401(k) PlanPaid time offDisability benefitsLife insurance, critical illness insurance, and accident insuranceParental leaveCritical caregiving leaveDiscounts and savingsCommuter benefitsTuition reimbursementScholarships for dependent childrenAdoption reimbursementWe Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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.
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 :
Third-Party recordings are prohibited unless authorized by Wells Fargo.Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.Req Number : R-506656