XVA Trader VP

About this role:

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.  The Corporate & Investment Banking group provides banking services and financial solutions to businesses across the United States and globally. 

Within Corporate & Investment Banking, the Rates, Commodities, and xVA Group is responsible for the Sales and Trading platform for Interest Rates, Commodities, FX and xVA.  Under this group, the xVA team is primarily responsible for the valuation and pricing of Cross Asset derivatives that Wells Fargo is a counterparty to.  Additionally, the xVA group also manages the Fixed Income Structured Notes (FISN) desk, responsible for the distribution and trading of Fixed Income Structured Notes for Wells Fargo, as well as third party issuers.

As a member of the xVA and FISN team, the Vice President role’s key responsibilities are to price, execute, and risk management of WF derivatives portfolio across different asset classes as well as to manage a portfolio of Wells Fargo issued Fixed Income Structured Notes and associated hedges. Responsibilities will also include working with internal partners to ensure accurate data reporting, risk data accuracy and operational efficiency.

In this role, you will:

• Pricing xVA across multiple derivatives trades (close interaction with the Sales team)
• Analysing the risks and PnL for the book
• Executing the hedges of the books on Credit, Rates, Commodities, Equity and FX.
• Manage a risk portfolio of bonds and hedges for USD interest rates and options
• Provide analytical support for Corporate Finance, Corporate Treasury, and other internal partners
• Help improve processes and move the platform forward electronically
• Support idea generation in the structure of new Fixed Income Structured Notes
• Working on the development of new models and framework to expand the scope of action of the group
• Ensure compliance with all regulatory requirements

Required Qualifications:

• Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Strong understanding of CVA modelling and trading
• Experience in executing vanilla swaps and options across a variety of asset classes
• Good communication skill as the job will require a very frequent interaction with our business partners within the firm

Desired Qualifications:

• Strong analytical skills with high attention to detail
• Excellent verbal, written, and interpersonal communication skills
• Strong interest in financial markets and risk management
• Demonstrated proficiency in handling multiple projects and deadlines
• Energetic self-starter who is flexible, organized, conscientious, proactive, and detail-oriented
• Strong work ethic, initiative, and desire to learn
• Enjoy working collaboratively in a team environment
• Experience in VBA or other scripting language
• Must be able to work in a fast-paced environment and to communicate effectively internally and externally
• Focused on specific, ambitious goals, and demonstrates a sense of personal accountability and urgency for achieving results

Job Expectations:

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:

1. You must act with integrity.

2. You must act with due skill, care and diligence.

3. You must be open and cooperative with the FCA, the PRA and other regulators.

4. You must pay due regard to the interests of customers and treat them fairly.

5. You must observe proper standards of market conduct.

Posting End Date:

*Job posting may come down early due to volume of applicants.

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.