Vice President, Institutional Municipal Trader

Wells Fargo Bank•New York, NY

1d•Onsite

About The Position

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading. Municipal Products Groups (MPG) provides capital raising, financing, and interest rate risk management solutions for municipal issuers and institutional investors as well as market liquidity. Wells Fargo is seeking an Institutional Municipal Trader to join the Municipal Products Group. In this role, you will: Help clients achieve their objectives while delivering positive business results for Wells Fargo Provide liquidity to institutional clients through making markets and trading municipal bonds Manage and hedge municipal risk through various market conditions Consistently interact with established tier-one institutional customer relationships and maximize trading activity Provide market color and trade ideas to customers and MPG Partner with traders, salespeople, underwriters, analysts, bankers and other business partners to deliver solutions to clients and help grow MPG

Requirements

5+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. FINRA Series SIE, 7, 63 (or 66) and 52 examinations, or equivalent must be completed within either a 90 or 180-day time period following commencement of employment, depending upon the number of license(s) needed if not immediately available to transfer upon hire. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance. Compliance with state law registration and licensing requirements is mandatory. In addition to state registration and licensing requirements, specific product licenses or SAFE licensing may apply. Additional requirements include meeting enhanced financial fitness and criminal background standards. Wells Fargo will initiate the FINRA licensing review process at the time of offer acceptance. For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite is required.
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
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. Information will be shared about expectations during the recruitment process.

Nice To Haves

Background that includes experience in the municipal market
Established relationships across the municipal industry, including active relationships with tier-one institutional municipal investors
Understanding of various marking segments, including high grade and high yield credits
Knowledge and experience with both tax-exempt and taxable municipal bonds
Strong analytical skills and an understanding of all municipal products
Organized, affable, and able to work in a collegial, team-oriented environment
Self-motivated with exceptional communication skills

Responsibilities

Help clients achieve their objectives while delivering positive business results for Wells Fargo
Provide liquidity to institutional clients through making markets and trading municipal bonds
Manage and hedge municipal risk through various market conditions
Consistently interact with established tier-one institutional customer relationships and maximize trading activity
Provide market color and trade ideas to customers and MPG
Partner with traders, salespeople, underwriters, analysts, bankers and other business partners to deliver solutions to clients and help grow MPG