Rates Trader VP

Wells Fargo & Company; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Wells Fargo & Company seeks a Rates Trader for their London office, responsible for market-making during the European session and managing client relationships. Candidates should have expertise in securities trading, outstanding knowledge of interest rate products, and strong communication skills. The ideal candidate will thrive in a compliance-driven culture focused on risk management while servicing a global institutional client base.

Qualifications

• Experience in Securities Trading with established client relationships.
• Strong knowledge of Interest Rate Swaps and Global rates markets.
• Local EMEA Licenses, NFA AP and Series 7 & 63 Licensed preferred.

Responsibilities

• Responsibility for market-making on swaps during European trading session.
• Supporting Sales team in client relationship management.
• Ensuring compliance with risk management policies and controls.

Skills

Securities Trading

Risk Management

Communication

Interest Rate Products

Education

Undergraduate Degree

Postgraduate Degree

Tools

Microsoft Office

Job description

About this role:

Wells Fargo is seeking a Rates Trader based in London to make markets during the European trading session. The Global Rates Trading group prices all Rates derivatives and Cash Instruments, including IR Swaps, Options, Inflation Swaps and Off the run and On the Run Treasuries. Activity is conducted over both Voice and Electronic Channels.

In this role, you will:

• Risk taker responsible for market-makingswaps.
• Assist Sales team in acquiring, maintaining and growing client relationships.
• Work closely with the Global Macro Sales and Trading teams to ensure that clients receive the best possible service and pricing and that risk is effectively risk managed on a global basis.
• Help develop a framework and technological solutions that allows the business to scale to servicing a global Institutional client base.
• Operate within an organisation 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 as well as 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.

Required Qualifications:

• Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Proficient in Microsoft Office skills
• Established relationships with Issuers and Institutional Clients
• Outstanding knowledge of Interest rate products
• Candidate must be comfortable managing their own risk as well as working in a global book framework
• They must possess a strong working knowledge of the Global rates markets including Interest Rate Swaps, nominal UST and TIPS.
• Strong communication skills and an ability to communicate and write market commentary for both internal and external client bases
• Familiarity with EMEA protocols for derivatives trading and all aspects of LIBOR cessation. Ability to interact with all levels of an organization
• Local EMEA Licenses, NFA AP and Series 7 & 63 Licensed preferable
• Strong written and verbal communication skills, a desire and ability to build strong relationships with internal and external partners
• Undergraduate degree is a minimum requirement and post grad desired

Desired Qualifications:

• The ideal candidate will be familiar with the EMEA customer franchise, and be a willing partner with the local sales team, engaging with customers in order to grow the existing franchise
• Willingness to travel to visit clients on a frequent basis

Job Expectations:

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:

• You must act with integrity.
• You must act with due skill, care and diligence.
• You must be open and cooperative with the FCA, the PRA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.

Posting End Date:

26 Jun 2025

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.