Associate, Equity Derivatives & QIS Structuring

Wells Fargo & Company•New York, NY

6d•$143,000 - $224,000•Onsite

About The Position

Wells Fargo is seeking an Associate to join its Equity Derivatives and QIS Structuring team. The role covers two complementary areas: designing, structuring, and maintaining Quantitative Investment Strategies (QIS) indices, and structuring, pricing, and executing equity-linked structured products. The Associate will use quantitative, programming, and product expertise to develop investment solutions for varied client needs and work with Sales, Trading, and partner teams to support origination. For QIS structuring, the role researches and evaluates quantitative investment strategies and index solutions across linear and non-linear markets, supports new index integration into the QIS production environment, builds Python tools, collaborates with sales teams and clients on customized solutions, prepares marketing materials and market updates, and monitors strategy performance. For equity derivatives structuring, the role structures, prices, and executes equity-linked products, analyzes payoffs and associated risk, funding, and hedging considerations, develops product ideas, partners with Sales and Trading to tailor solutions, maintains pricing and analytics tools, and coordinates product approval and launch activities with relevant internal teams. The position is based at 30 Hudson Yards, New York, NY, and requires up to 10% travel. Ongoing employment requires appropriate FINRA licenses and compliance with applicable registration, screening, and regulatory obligations. The role also supports Wells Fargo’s risk and compliance culture and applicable policies and procedures.

Requirements

At least 2 years of Securities Sales Trading experience, or equivalent demonstrated through work experience, training, military experience, education.
Strong analytical and quantitative skills, including quantitative finance and Python coding proficiency.
Ability to manage multiple priorities and work effectively in a fast-paced environment.
Strong verbal and written communication skills, work ethic, attention to detail, risk awareness, and team-oriented mentality.
Up to 10% travel.
Appropriate FINRA license(s) are required for ongoing employment. Series 7 and 63 examinations, or equivalent, must be completed within the specified 90- or 180-day period after employment begins if not available to transfer upon hire.
Compliance with state law registration and licensing requirements is mandatory; product licenses or SAFE licensing may also apply where relevant.
Meet enhanced financial fitness and criminal background standards, pass required Dodd-Frank and FINRA background screening, and comply with ongoing regulatory requirements and reporting obligations.
Provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable outside-activity or personal-investing policies if hired, where applicable.

Nice To Haves

An advanced degree, such as an M.S., in a quantitative discipline such as financial engineering or financial mathematics.
Experience designing, launching, promoting, and maintaining QIS indices and/or pricing and executing equity-linked structured products, including market-linked notes, certificates of deposit, and other derivative-based investment solutions.
Strong understanding of market structure and market behavior, with the ability to translate research insights into commercially relevant investment ideas.
Familiarity with equity volatility products, including variance swaps, dispersion, gamma, skew, and carry strategies.
Experience across institutional and retail product distribution, including familiarity with insurance/FIA, ETF issuers, and other retail channels.
Strong understanding of product lifecycle management, including pricing, risk assessment, and performance monitoring, and ability to work across sales, trading, quantitative, legal, and technology teams to bring products from concept through execution.
Autonomous, fast learner, results driven, and naturally curious about exploring new ideas.

Responsibilities

Research, develop, and evaluate quantitative investment strategies and index solutions across linear and non-linear markets using derivatives, alternative data, and machine learning techniques.
Support creation and integration of new indices in the QIS production environment, including testing systems, back-testing algorithms, preparing trade and activity approval memoranda, and presenting them in approval committees.
Build Python tools for QIS index design and contribute to digitalization of the QIS platform in the Americas.
Partner with sales teams and clients to design customized QIS solutions for institutional and retail distribution channels and identify opportunities based on market and client activity.
Prepare marketing and presentation materials and market updates, and engage sales teams and clients to showcase capabilities and originate business.
Monitor and analyze performance across systematic strategy offerings and provide insights and recommendations to clients and internal stakeholders.
Structure, price, and execute equity-linked structured products, including market-linked notes, certificates of deposit, and other derivative-based investment solutions.
Analyze derivative payoffs, risk-return profiles, funding economics, and hedging considerations for structured product offerings.
Generate and evaluate product ideas, payout structures, and investment themes informed by market developments, competitive trends, and client demand.
Partner with Sales and Trading teams to tailor structured product solutions to client objectives and market conditions.
Build and maintain pricing tools, analytics, and reporting infrastructure for the structured products platform.
Coordinate product approval and launch with Origination & Execution, Legal, Compliance, Risk, Operations, and Technology teams; review offering documentation for accuracy of product terms.
Obtain and/or maintain appropriate FINRA licenses and comply with applicable state registration, licensing, screening, and regulatory requirements.
Follow applicable risk programs, Wells Fargo policies and procedures, and risk and compliance obligations; escalate and remediate issues as required.