Head of Securities Lending Demand Trading - Managing Director

About this role:

Wells Fargo is seeking a Head of Securities Lending Demand Trading - Managing Director in Wells Fargo Securities. Learn more about the career areas and lines of business at wellsfargojobs.com.

In this role, you will:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent.

It all begins with you.

The 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.

The successful candidate will be responsible for:

• Manage and develop a team of trading professionals with focus on delivering high quality trading architecture, programs and trading policies for clients, advisors, and compliance

• Identify opportunities and strategies to develop trading programs and procedures

• Develop and maintain relationships with securities dealers, portfolio managers, and regulators

• Ensure the success of Securities Trading positions, risk and profitability, while adhering to regulatory and compliance requirements

• Lead Wells Fargo Securities team by making strategic decisions to resolve portfolio, client position issues to meet trading and compliance deliverables

• Interpret and develop trading architecture, trading policies and procedures for managing trades from inception to post trade analysis

• Collaborate with and influence peers, risk, compliance, portfolio managers

• Interact directly with brokers, clients, and regulators

• Manage allocation of people and financial resources for Securities Trading

• Develop and guide a culture of talent development to meet business objectives and strategy

• Work with partners in Wells Fargo WIM, specifically WFA

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Required Qualifications:

• 8 years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 4 years of management experience

Desired Qualifications:

• A BS/BA degree or higher

• 15 years securities lending experience

• Experience working with the Equity Finance demand team to assist in locate process, cover asset managers

• Experience collaborating with Prime Brokerage Sales and Delta One desks to identify and provide prospective opportunities

• Previous responsibility for color and commentary for all EQ, FI and ETF flows for firm and clients

• Experience working with Product Development to continuously improve systems and workflows

• Experience expanding trader analytics tools to aide trading decisions  

• Experience managing internalization for all positions across firm and Prime Brokerage

• Knowledge of securities lending regulatory and compliance

Job Expectations:

• Up to 10% travel

• Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

• Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

• Registration for FINRA Series 55 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

• Registration for FINRA Series 24 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

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​Posting Location:

• 30 Hudson Yards, New York, NY

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Pay Range:

• Base pay range for this position in New York is 400,000.00 - 400,000.00 USD

• May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards

Pay Range

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan
• Paid Time Off
• Parental Leave
• Critical Caregiving Leave
• Discounts and Savings
• Health Benefits
• Commuter Benefits
• Tuition Reimbursement
• Scholarships for dependent children
• Adoption Reimbursement

Posting End Date:

*Job posting may come down early due to volume of applicants.

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, gender identity, 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 accountable for 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 compliance obligations, 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 the business unit’s 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, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.