Trader

About this role :

Wells Fargo is seeking a Listed Option Trader (Retail Equities Trader) to execute listed option trades utilizing multiple trading platforms, provide basic options strategy information, assist financial advisors with order execution questions, and work with internal departments to resolve out of balance scenarios related to trading activity.

In this role, you will :

• Participate in daily transactions of option orders and identify opportunity for communication, and system improvements within Retail Options Trading
• Review and analyze basic trading systems, market structures, trading risks, and exercise independent judgment to guide market liquidity, volatility, and pricing deliverables
• Execute and route orders from retail financial advisors, Correspondents and Investment Advisors
• Present recommendations for resolving complex transactions and exercise independent judgment while developing expertise in trading strategies, compliance, and risk
• Collaborate and consult with peers, manager and internal partners to assist Financial Advisors, Correspondents and Investment Advisors, as well as customers
• Discuss client positions and market conditions to provide guidance / assistance to Financial Advisors
• Review bid / ask prices and displayed liquidity in an effort to obtain best execution for large / complex orders
• Execute complex client trades with smartrouters and floor brokers
• Review options trading and documentation for compliance with internal policies and regulatory requirements

Required Qualifications :

2 years of Trading, Customer Service experience, or equivalent demonstrated through one or a combination of the following : work experience, training, military experience, education

Desired Qualifications :

• Option trading experience
• Knowledge and understanding of trading desk or capital markets operations
• Proficient with BETA and SmartStation platforms, NGO (order management system) experience a plus
• Ability to maintain and build broker / dealer relationships, bringing credibility and visibility to our efforts.
• Excellent communication skills and ability to articulate complex material to a diverse audience
• FINRA registration including Series 7 (or FINRA recognized equivalents)
• FINRA registration including Series 63 (or FINRA recognized equivalents)

Job Expectations :

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

Obtaining and / or maintaining appropriate FINRA license(s) is required for ongoing employment in this position. Compliance with state law registration and licensing requirements is mandatory.

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 may also be required

Posted Location :

• 2801 Market Street - Saint Louis, MO 63103
• Required locations listed above. Relocation assistance is not available for this position.

Posting End Date : 25 Aug 2024

25 Aug 2024

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.

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 disabilities is available upon request in connection with the recruitment process.

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.

Wells Fargo Recruitment and Hiring Requirements :

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

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Last updated : 2024-08-16