Retail Fixed Income Trader

Wells Fargo•St. Louis, MO

7d•Onsite

About The Position

Wells Fargo is seeking a Fixed Income Trader to join the Retail Trading department within Wealth and Investment Management (WIM). The trader will focus on fixed income trading services provided to various WIM channels. The position is based at 2801 Market Street, Saint Louis, Missouri. Relocation assistance is not available, and the position is not eligible for visa sponsorship. The role supports advisors with fixed income product discovery and platform assistance, coordinates new offerings with underwriters and the trading desk, manages inventory, and facilitates trade allocations and execution. It also involves reviewing orders and trading situations, executing Treasury auctions and orders involving Market Linked Investments and external offerings, and tracking business statistics and performance metrics. The trader uses independent judgment on medium-risk deliverables and assists more experienced traders with complex situations. The successful candidate must meet applicable FINRA, state registration, licensing, background screening, and ongoing regulatory requirements. Required FINRA exams must be completed within 90 or 180 days of employment, as applicable, if the required licenses are not available to transfer upon hire. The position is subject to Wells Fargo's risk, compliance, and financial fitness requirements.

Requirements

At least 2 years of Retail Fixed Income Trading experience, or equivalent demonstrated through work experience, training, military experience, or education.
Obtain and/or maintain applicable FINRA licenses and meet state law registration and licensing requirements for continued employment.
Complete FINRA Series 7 and 63, or Series 7 and 66, or recognized equivalents within the applicable 90- or 180-day period if the licenses are not immediately available to transfer upon hire.
Meet applicable FINRA background screening, financial fitness, criminal background, and ongoing regulatory requirements.

Nice To Haves

Successfully completed FINRA Series 7 and Series 63, or Series 7 and Series 66, or FINRA-recognized equivalents.
FINRA registration including Series 52, or FINRA-recognized equivalents.
Knowledge of fixed income securities, debt instruments, markets, and bonds gained through coursework or investment clubs.
Working knowledge of investment products, including Treasuries, Municipals, Corporate Bonds, Agencies, CDs, Structured Products, equities, and preferred securities.
Experience supporting advisors or clients in a retail brokerage or wealth management environment.
Familiarity with Bloomberg or similar fixed income trading platforms.
Proficiency with Microsoft Office products, including Word, Excel, Outlook, and PowerPoint.
Demonstrated relationship-building and collaboration skills.
Analytical capabilities, attention to detail, and organizational skills.
Bachelor's degree in Finance, Economics, Business, Accounting, or a related field.

Responsibilities

Interact with advisors on fixed income product discovery, including newly issued fixed income products, equities, preferred securities, and market-linked investments.
Provide fixed income platform assistance.
Serve as a liaison between underwriters and the trading desk.
Coordinate the setup and maintenance of new offerings.
Provide inventory management.
Facilitate trade allocations and execution.
Track, analyze, and build reporting of key business statistics and performance metrics.
Perform fixed income order reviews and execute Treasury auctions, Market Linked Investments, and orders against external offerings.
Review and research trading situations and exercise independent judgment to guide medium-risk deliverables.
Assist more experienced traders with complex trade situations.
Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
Follow applicable risk programs, Wells Fargo policies and procedures, and regulatory and compliance requirements; escalate and remediate issues as appropriate.