Repo Trader Associate - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

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.

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
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:

Bachelor's degree or higher, master's degree preferred
Capital markets experience, with a focus on all funding mechanisms used in EMEA and APAC

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

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 unit's risk appetite and all risk and compliance program requirements.