Vice President - EMEA Credit Trading

WELLS FARGO BANK; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution in the UK is seeking an experienced Credit Trader. In this role, you will actively make markets in High Grade Credit Bonds and manage associated risks while building strong client relationships. The ideal candidate will have substantial knowledge of financial markets, especially in credit trading, and experience in securities trading. Compliance with regulatory standards and a commitment to maintaining integrity and customer interests are essential. This position offers the opportunity to contribute to trading strategies and drive revenue generation.

Qualifications

• Deep understanding of financial markets, especially credit.
• Experience in securities trading or similar roles.
• Demonstrated ability to maintain client relationships.

Responsibilities

• Actively make markets in High Grade Credit Bonds.
• Monitor trading books and manage associated risks.
• Engage with Wells Fargo businesses to create new opportunities.

Skills

Strong understanding of financial markets

Experience in Securities Trading

Financial modelling and relative value analysis

Client relationship building

Strong communication skills

Strong presentation skills

Education

Relevant training or education in finance

Job description

In the role of Credit Trader within the EMEA High Grade Market, the primary responsibilities include providing liquidity and assisting clients in achieving their investment goals while effectively managing credit risk. Leveraging Wells Fargo's strong franchise and resources, this position will be central to trading activities, emphasizing revenue generation, client engagement, and upholding the highest standards of governance. In this role, you will:

• Actively make markets in High Grade Credit Bonds, monitor trading books, and manage associated risks.
• Work closely with Credit Sales to support client flow and build relationships.
• Develop, maintain, and enhance strong client connections.
• Engage with other Wells Fargo businesses to generate new opportunities, including supporting origination efforts.
• Utilise Fixed Income electronic trading platforms and contribute to market development within the broader EMEA Credit Trading business.
• Leverage knowledge of the credit markets, electronic trading, and risk management to drive trading ideas and execution.
• Stay up-to-date with Wells Fargo's products, services, and client needs to support the firm's broader trading and origination strategies.
• Contribute to analysis, modelling, and management information (MI) reporting as needed.
• Ensure compliance with internal and regulatory standards, adhering to Wells Fargo's risk and conduct framework.
• 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.

Wells Fargo is looking for an experienced Credit Trader with a deep understanding of financial markets, particularly in the Credit markets., Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

• Strong understanding of financial markets, especially the Credit markets.
• Experience in Securities Trading or similar, including experience in financial modelling and relative value analysis.
• Demonstrated ability to build and maintain client relationships.
• Strong communication and presentation skills.

Job Expectations

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must always 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 always comply with the FCA/PRA Conduct Rules:

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

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