Wells Fargo is seeking an Associate Repo Trader in the Financial Resource Management (FRM) 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's UK broker dealer, US Bank and other legal entities.
The candidate will be expected to:execute repo transactions with external counterparts
be able to maintain customer relationships and participate in GMRA and GMSLA negotiations
have a strong understanding of repo and other secured funding tools
understand the interconnectivity of repo with other financial products, key drivers for using repo and how to maximize asset/liability efficiency
be familiar with FX spot and swap execution
be aware of regulatory themes related to repo (SFTR, CSDR and others)
In this role, you will:
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 structuring team on bespoke client funding solutions
As a subject matter expert work with support teams and provide guidance on all repo-related activities.
Business Support:
Work with other business lines (Trading, Sales, Strategy) to provide market colour and pricing advice as required
Assist WFSIL, WFS LLC and WFBNA businesses to optimize funding/collateral management requirements
Required Qualifications:
Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Bachelor's degree or higher, master's degree preferred
Capital markets experience, with a focus on all funding mechanisms used in EMEA and APAC
Relevant FCA and PRA Certification will be required to perform this role.
The successful candidate will be expected to pass relevant exams within a short time frame of being hired.
Desired Qualifications:
Technical skills in repo systems; CCPs, third-party vendor solutions
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, Python
Job Expectations:
In addition to the responsibilities summarised in your job description, you are also required to comply at all times with 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:
5 Aug 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.
Beware of fraud agents! do not pay money to get a job
MNCJobs.co.uk will not be responsible for any payment made to a third-party. All Terms of Use are applicable.