Securities Algorithmic Trader, Associate

About this role:

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.

Wells Fargo CIB 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:

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 tools 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

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
• 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.
• Familiarity with fixed-income markets.
• Experience building machine-learning methods
• Experience working with large-scale datasets in in Python
• 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.

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​Posting Location:

• 550 S. Tryon Street, Charlotte, NC
• 30 Hudson Yards, New York, NY