Equity Finance Market Marker Direct Clearing Technology Manager

Wells Fargo & Company•Iselin, NJ

2d•$185,000 - $300,000•Hybrid

About The Position

The position is within the Prime Services Technology organization for a hands‑on senior technology leader responsible for driving the build‑out of the strategic Market Marker Clearing platform. The role oversees the end‑to‑end technology team Market Maker Clearing, Financing workflows, and lifecycle automation for Options and ETFs. Qualified candidates will have deep experience delivering large‑scale technology transformations in front‑office risk, margin, or capital optimization domains, with proven ability to partner with senior stakeholders across Front Office, Risk, Finance, Operations, and Compliance.

Requirements

7+ years of Specialty Software Engineering experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of management or leadership experience
7+ years Capital Markets experience within Sell‑Side, Broker‑Dealer, or Exchange environments
6+ years of capital markets or securities industry experience
6+ years of direct experience in Prime Brokerage, Equity Finance, Delta‑1, Synthetic Financing, or Margin/Risk technology
6+ years of application development experience, Strong proficiency in Java and/or C++ in low‑latency trading or risk environments
6+ years designing or building high‑performance distributed systems
6+ years managing application development teams (onshore + offshore) in Agile environments
5+ years of architectural design experience with distributed compute, caching, and messaging systems

Nice To Haves

Experience building front‑to‑back platforms supporting sales & trading or prime financing organizations
Experience running technology working groups, governance forums, and senior steering committees
Knowledge of object‑oriented analysis/design patterns, distributed systems, and large‑scale architecture
Strong command of SDLC tooling: Git, Jenkins, Jira, Artifactory, uDeploy, etc.
Proven track record delivering regulatory or operational risk projects under tight timelines
Deep expertise across equity and listed derivative trade lifecycles including allocation, reconciliation, clearing, settlement, and financing workflows.
Strong understanding of Market Maker workflows, sponsored clearing, give‑ups, and step‑outs
Comprehensive knowledge of electronic trading (DMA, algo execution, zero‑touch)
Familiarity with FIX connectivity and clearing broker/service bureau integrations
Expertise in architectures supporting clearing broker APIs, trade enrichment, data normalization, and risk/financing engines.
Experience building operational tooling (exception management, monitoring, automation)
Familiarity with TCO analysis, vendor management, and risk controls
Exceptional communication skills, including the ability to articulate complex risk/margin workflows to senior stakeholders
Understanding of regulatory frameworks for clearing, margin, and financing.
Understanding of capital and liquidity calculations related to prime financing

Responsibilities

Lead the design, build, and rollout of next‑generation Prime Services trade processing and clearing capabilities, focusing on high throughput Market Maker Clearing, Financing workflows, and lifecycle automation
Partner with MD‑level stakeholders across Front Office, Operations, Product, Risk, Quant, and engineering teams to shape roadmap and delivery priorities.
Collaborate closely with Product Development, BA, and cross‑functional teams to ensure functional and non‑functional requirements are met.
Own and execute the multi‑year technology roadmap across globally distributed teams (New York, India, and other regions).
Architect target‑state distributed systems for Prime trade processing and clearing
Produce functional specifications, technical design documents, and oversee testing frameworks for risk and margin workflows.
Manage full SDLC lifecycle including analysis, design, coding, testing, deployment, and production readiness.
Conduct code reviews and ensure high engineering standards across risk, margin, and exposure technology domains.
Serve as the technical and functional SME for Options and ETF processing, Market Maker Financing and Clearing methodologies, and system integration.
Tackle complex analytical and computational challenges involving large datasets, high‑performance calculation engines, and time‑sensitive risk workloads.
Ensure quality, maintainability, resiliency, and scalability across all platform components.
Embed AI across all Equities Technology pillars (EFF, Derivatives, Cash) to improve developer productivity, reduce operational load, and accelerate delivery.
Drive AI‑assisted SDLC modernization: code generation, test creation, defect prediction, automated refactoring, and CI/CD quality gates.
Use AI/ML to enhance trading and post‑trade workflows, including anomaly detection in STP breaks, margin exceptions, futures clearing discrepancies, and corporate‑action processing.