Systematic Credit Trader

Wells Fargo Bank•Charlotte, NC

2d•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 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 institutional clients. It supports trading across corporate bonds, credit ETFs and related hedges, and contributes to the Corporate Credit Trading franchise through scalable trading capabilities, client coverage, controls 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. The role requires appropriate FINRA licenses for ongoing employment. Series 7, 63 and 57 examinations, or recognized equivalents, must be completed within the applicable 90- or 180-day period after employment begins if not transferable at hire. State registration and licensing requirements, additional product or SAFE licensing where applicable, and background and regulatory screening requirements also apply. The position requires travel and additional hours as needed.

Requirements

7+ years of Securities Trading experience, or equivalent demonstrated through work experience, training, military experience or education.
Appropriate FINRA license(s) for ongoing employment; Series 7, 63 and 57 examinations or recognized equivalents must be completed within the applicable timeframe if not transferable at hire.
Compliance with applicable state registration and licensing requirements and additional product or SAFE licensing requirements where applicable.
Ability to travel as needed.
Willingness to work on-site in accordance with current office requirements.
Ability to work additional hours as needed.
Successful completion of required background checks and ongoing regulatory screening and obligations.

Nice To Haves

10+ years of buy-side and/or sell-side credit markets experience, including direct responsibility for trading, portfolio management, electronic execution or market making.
Experience managing systematic and discretionary strategies and associated risk in corporate credit, fixed income, ETFs or closely related markets.
Expertise in algorithmic trading, ETF market structure, electronic execution, pricing and portfolio trading, with sound judgment in changing market conditions.
A record of building scalable, profitable businesses with an ownership mindset in fixed income or equities.
Experience designing systematic corporate-credit alpha signals, 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, real-time ETF pricing as a trading signal, and automated hedging platforms or central limit order book integration.
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 and 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 ability to partner effectively with Sales, traders, quantitative teams and Technology.

Responsibilities

Manage market and inventory risk, including corporate bond, Treasury and equity securities, liquidity, basis and counterparty risk across corporate bonds, credit ETFs and related hedges, using limits, scenario analysis and real-time monitoring.
Develop and manage systematic and discretionary strategies, including 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 for consistent real-time trading decisions.
Partner with Technology and quantitative teams to turn research and trading requirements into resilient, controlled production 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.
Comply with applicable risk, regulatory, licensing, background-screening and personal-account-dealing requirements.