Vice President, Index Flow Derivatives Trader
About The Position
Wells Fargo is seeking an Index Flow Derivatives Trader focusing mainly on US indices and corresponding ETF's for the Equity Derivatives Group. In this role, you will be responsible for modeling, quoting, trading, and risk-managing vanilla and light exotic Index/ETF derivatives. This candidate should be experienced in index option market making and risk management with a specific focus on the S&P 500, Russell 2000 and Nasdaq 100 indices and their corresponding ETF's. The candidate will work closely with other derivative and cash traders and various equity sales traders as well as internal technology and quant partners. The ideal candidate is required to price, execute and risk manage index flow options for institutional and hedge fund customers. The candidate must have deep customer relationships and the ability to work across all equity derivative products. The role requires collaboration with derivative sales for innovative trade idea generation for our customer base.
Requirements
- 5+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Registration for FINRA Series 7 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Registration for FINRA Series 63 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Registration for FINRA Series 57 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Registration for FINRA Series 3 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Candidates must successfully complete and pass a background check prior to hire.
- Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
- Applicants are subject to a new screen to comply with Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act which states that Associated Persons (AP) cannot be subject to statutory disqualification.
Nice To Haves
- A BS/BA or higher
- 5+ years of index derivative trading experience on a flow desk with NASDAQ, S&P and Russell focus
- 5+ years of experience trading US listed Index Derivatives
- Strong customer and institutional trading relationships
- Strong broker relationships
- Experience working with support partners, tech and quant teams
- Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
- Ability to work effectively, as well as independently, in a team environment
Responsibilities
- Modeling, quoting, trading, and risk-managing vanilla and light exotic Index/ETF derivatives.
- Pricing, executing, and risk managing index flow options for institutional and hedge fund customers.
- Collaborating with derivative sales for innovative trade idea generation for the customer base.
- Working closely with other derivative and cash traders and various equity sales traders as well as internal technology and quant partners.
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Executive
