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Repo Trader Associate

eFinancialCareers
Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

About this role: Wells Fargo is seeking a Repo Trader at junior Associate level. In this role, you will: An Associate role with a Repo trading function in the IFS Macro team, working under the direction of senior managers in London. As a critical member to the team, this role focuses on the Repo and secured funding needs for Wells Fargo Securities International Limited (WFSIL), Wells Fargo Bank, National Association (WFBNA, US) and Wells Fargo Securities LLC ; and other legal entities. The candidate will be expected to execute repo transactions with external counterparts, maintain customer relationships and participate in GMRA negotiations. In addition, they will have a strong understanding of repo and other secured funding tools, as wellas FX spot and swap execution the interconnectivity of repo with other financial products key drivers for using repo and how to maximize efficiency assets/liabilities on the balance sheet regulatory themes related to repo (SFTR, CSDR and others). NB: In addition to these functions team members are expected to have a strong proactive and independent work ethic and will be required to carry out such other duties as may reasonably be required Responsibilities :

  • Manage and execute repo transactions to provide funding and short covering for WFSIL and other legal entities / or lines of business that require local access to markets and local expertise
  • Work closely with CIB Multi-Currency Funding and Treasurers on executing liquidity strategies
  • Work with IFS structuring team on bespoke client funding solutions
  • As a subject matter expert work with support teams and provide guidance on all repo-related activities.
  • Business Support:
  • Work with businesses in London to provide market colour and pricing advice as required
  • Assist WFSIL, WFS LLC and WFBNA businesses to optimize funding/collateral management requirements
Skills and requirements : Minimum Qualifications:
  • Bachelors degree or higher, masters degree preferred
  • Capital markets experience, with a focus on all funding mechanisms used in EMEA and APAC
  • Relevant FCA and PRA Certification will be required to perform this role. The successful candidate will be expected to pass relevant exams within a short time frame of being hired.
Preferred Skills:
  • Technical skills in repo systems; previous unsecured and secured funding experience
  • Strong financial modelling and analytical skills with great attention to detail, accuracy and an appetite towards change management
  • Strong interpersonal skills with ability to work with a demanding team in a pressured environment
  • Microsoft Office; particularly strong Excel, VBA.
We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, genderidentity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountablefor execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and complianceobligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with thebusiness units risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilitiesis available upon request in connection with the recruitment process.

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