Vice President, FCM Funding and Liquidity Management

Wells Fargo•New York, NY

2d•$200,000 - $225,000

About The Position

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Macro, Equities, Municipal Products Group, Credit Sales & Trading. About this role: Wells Fargo is seeking a Vice President for the Clearing business. This role is a critical function within WFS FCM, as the business is required to cure all customer margin calls at the start of each business day. The candidate will manage intraday liquidity needs and oversee the funding lines required to maintain appropriate margin levels at the clearinghouses for both customer and firm activity. They will also help ensure the integrity of protected customer account balances. The ideal candidate will have prior experience in the Treasury and/or Finance functions of an FCM. In this role, you will: Lead complex initiatives to sell securities to clients Conduct trades with broad impact, and act as key participant in developing, implementing, and monitoring risk-based programs to recommend settlements and unique remediation solutions Review and analyze complex business, operational, or technical challenges that require in-depth evaluation of the clients needs Make decisions for providing proactive communication and consultation requiring a sound understanding of client support to meet deliverables and drive new initiatives Collaborate and consult with peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals Lead projects, teams, or serve as a peer mentor

Requirements

5+ years of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

5+ years of experience institutional client financial services businesses.
Prior experience working in the Treasury or Finance functions of an FCM.
Working knowledge of Risk Control Self-Assessment (“RCSA”) programs.
Familiarity and understanding of the CFTC’s customer protection scheme for Cleared OTC and Listed Derivatives clients. Including cash placements and investment of customer funds.
In depth knowledge of the funding issues associated with the Listed Derivatives and OTC clearing business practices.
Demonstrated ability to maintain FCM’s funding and liquidity plan.
Strong written and oral communication skills.
Ability to form strong working relationships with clients, internal partners, Clearinghouses and settlement banks.
A sense of urgency with the ability to execute under pressure within tight time frames.
Including a working knowledge of distributed ledger technology, including Tokenization and Digital Stable Coins.
Registration for FINRA Series 3 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Responsibilities

Lead complex initiatives to sell securities to clients
Conduct trades with broad impact, and act as key participant in developing, implementing, and monitoring risk-based programs to recommend settlements and unique remediation solutions
Review and analyze complex business, operational, or technical challenges that require in-depth evaluation of the clients needs
Make decisions for providing proactive communication and consultation requiring a sound understanding of client support to meet deliverables and drive new initiatives
Collaborate and consult with peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals
Lead projects, teams, or serve as a peer mentor