Executive Director, Quantitative Investment Strategies, (QIS) Trader

About the role

Wells Fargo is seeking an Executive Director, Quantitative Investment Strategies (QIS) Trader within Structured Equity Derivatives in Corporate & Investment Banking/Markets Division.

Responsibilities

• Trade, price, hedge, and risk-manage Quantitative Investment Strategies (QIS) and QIS-linked structured equity derivatives
• Work across a broad range of QIS and index-linked products, including volatility-control strategies, risk-premia strategies, trend following strategies, algorithmic and rules-based indices, and structured notes linked to systematic strategies
• Build out QIS-linked structured note issuance - including autocallables and other exotic payouts
• Support new QIS product development by assessing pricing, hedge feasibility, lifecycle risk, and stress behavior
• Develop and maintain Python-based tools for pricing, risk management, scenario analysis, index simulation, and workflow automation
• Contribute to enhancements in models, hedging approaches, trading systems, and desk workflow processes related to QIS products
• Interface with internal partners, including Structuring, Sales, Quantitative Research, Technology, Operations, Compliance, and Documentation
• Provide guidance and mentorship to junior traders and analysts on QIS products and risk

Requirements

• 7+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• BS or MS degree in Mathematics, Engineering, Computer Science, or a related quantitative field
• 7+ years of front-office QIS trading experience
• 7+ years of derivatives front-office experience
• Expertise in rebalancing mechanics, path-dependent risk, and systematic strategy behavior
• Strong understanding of best practices for reducing operational risk of trading and risk managing QIS
• Experience working closely with sales and structuring teams in a client-driven environment
• Deep understanding of equity derivatives markets and structured products
• Proficiency with Python programming applied to trading, pricing, or risk management
• Ability to work independently in a fast-paced trading environment while maintaining strong risk discipline and attention to detail

Qualifications

• Registration for FINRA SIE must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 7 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 55/57 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 63 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
• This position is subject to Dodd-Frank Background Screening Requirements, including successful completion and clearing of a background screen.

Pay

$215,000.00 - $355,000.00

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement