Systematic Credit Trader

Wells Fargo & Company•Charlotte, NC

4d•$215,000 - $355,000•Onsite

About The Position

Wells Fargo is seeking an experienced Trader to join Corporate Credit Trading, focused on systematic credit trading and disciplined risk management. This hands-on markets role spans risk taking, strategy development, pricing, execution and production technology. The Trader combines deep credit-market judgment with quantitative methods to improve real-time decision making, deliver client liquidity and build a scalable, profitable trading franchise in close partnership with Sales, other traders, quantitative teams and Technology. The role manages market and inventory risk, develops systematic and discretionary trading strategies, and delivers competitive pricing and execution to clients. It supports institutional clients across corporate credit markets and contributes to the Corporate Credit Trading franchise through scalable trading capabilities, strong controls, client coverage and product development. The position is based at 550 South Tryon Street, Charlotte, NC 28202, and requires on-site work in accordance with current office requirements and travel as needed.

Requirements

7+ years of Securities Trading experience, or equivalent demonstrated through work experience, training, military experience or education.
Ability to work on-site in accordance with current office requirements.
Ability to work additional hours as needed.
Appropriate FINRA license(s) are required for ongoing employment. FINRA Series 7, 63 and 57 examinations, or equivalents, must be completed within the specified 90- or 180-day period after commencement if not transferable upon hire; applicable state registration and licensing requirements must also be met.
Successful completion and clearance of applicable Dodd-Frank and FINRA background screening requirements, including ongoing regulatory screening and reporting obligations.
Compliance with applicable policies regarding outside activities and personal investing.

Nice To Haves

10+ years of buy-side and/or sell-side experience as a credit markets practitioner, including direct responsibility for trading, portfolio management, electronic execution or market making.
Demonstrated experience managing systematic and discretionary strategies and associated risk in corporate credit, fixed income, ETFs or closely related markets.
Strong expertise in algorithmic trading, ETF market structure, electronic execution, pricing and portfolio trading, with sound judgment under changing market conditions.
Proven ability to build scalable, profitable businesses with an ownership mindset in fixed income or equities.
Experience designing systematic alpha signals in corporate credit, including relative value, equity and credit momentum, dealer inventory, flows, spread and volatility, counterparty behavior and order-book skew.
Expertise in systematic pricing and quoting methodologies, real-time ETF pricing as a trading signal, and automated hedging platforms or central limit order book integration.
Deep knowledge of fixed income ETF primary-market creation and redemption, corporate credit portfolio trading and ETF issuer relationship management.
Experience with high-yield ETF pairs trading or related strategies supporting systematic fixed income ETF liquidity provision.
Practical application of supervised and unsupervised machine-learning techniques in credit markets, with the ability to connect market expertise to systematic model development.
Credit portfolio-management experience across long/short and long-only strategies, including investment grade, high yield, Financials and emerging markets.
Experience developing and applying factor models for pricing, relative-value analysis, portfolio construction, hedging and risk management.
Strong client-facing communication skills and demonstrated ability to partner effectively with Sales, traders, quantitative teams and Technology.

Responsibilities

Manage market risk, corporate bond, treasury and equity securities, liquidity, basis and counterparty risk across corporate bonds, credit ETFs and related hedges, using disciplined limits, scenario analysis and real-time monitoring.
Develop and manage systematic and discretionary trading strategies, including strategies using relative value, momentum, flow, dealer inventory, spread and volatility, counterparty and order-book signals.
Build and improve pricing, quoting, execution and monitoring tools, factor models and decision frameworks to support consistent real-time trading decisions.
Partner with Technology and quantitative teams to translate research and trading requirements into resilient, controlled production trading solutions, including automated hedging and electronic venue integration.
Serve institutional clients by providing liquidity, market insight and execution across single-name, ETF, portfolio and primary-market workflows.
Partner with Sales and other traders across products to identify opportunities, coordinate risk, improve client outcomes and expand wallet share.
Build the Corporate Credit Trading franchise by improving scalability, profitability, controls, client coverage and product capabilities.
Travel as needed.
Work additional hours as needed.
Obtain and/or maintain appropriate FINRA license(s) and comply with applicable state registration, licensing and regulatory requirements.
Follow applicable Wells Fargo risk, compliance, screening, outside-activity and personal-investing policies and obligations.