Associate, Corporate Rates Sales Job at Wells Fargo, New York, NY

  • Wells Fargo
  • New York, NY

Job Description

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Learn more about the career areas and business divisions at wellsfargojobs.com. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading.About this role:Wells Fargo's Macro Group is hiring for an Associate position on the Corporate Rates & FX Sales Team. The role is focused on the marketing and execution of Rates products, specifically in support of the risk management needs of Wells Fargo's corporate client base. The position is directly client-facing, and core responsibilities include management of the client onboarding process, idea generation, pitch book creation, the pricing and booking of trades, providing market updates, post-trade follow-up, and interaction with settlements groups.The candidate should have a technical understanding of basic Rates products, including Swaps, Swaptions, and Cross-Currency Swaps, with a willingness to expand their knowledge to additional risk management products in the future. Rates Sales team members partner closely with their counterparts in Rates, as well as with other CIB coverage partners, including Corporate Banking, DCM, Leveraged Finance, and Investment Banking, to cohesively market the bank and are expected to collaborate seamlessly across the platform. Potential team members should be focused on building strong customer relationships while helping to foster a strong risk-mitigating and compliance-driven culture.In this role, you will:Generate ideas and prepare marketing materials to support client engagement and business development effortsProvide market commentary, trade structuring expertise, and pricing solutions tailored to client needsManage the client onboarding process and coordinate required internal approvals and documentationCollaborate with documentation and settlements teams to ensure timely execution and processing of transactionsPartner closely with counterparts across Markets, including Trading and CVA, as well as other CIB partners, including Corporate Banking, Investment Banking, Debt Capital Markets, and Leveraged FinanceWork seamlessly across the platform to identify opportunities and drive executionBuild and maintain strong client relationships through proactive communication and strategic partnershipPromote a strong risk management, regulatory, and compliance-focused culture in all business activitiesRequired Qualifications:2+ years of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:Direct experience marketing and/or executing Rates products, including Swaps, Swaptions, and Cross-Currency Swaps, for corporate clientsStrong interest in global macro markets and market developmentsFamiliarity with credit risk concepts, including CVA, DVA, and FVAExcellent verbal, written, and interpersonal communication skillsStrong quantitative, analytical, and problem-solving abilitiesFamiliarity with AI tools, including generative AI and data analytics solutions, and an interest in applying them to sales workflows and market researchStrong attention to detail and organizational skillsAdvanced proficiency in Microsoft Excel and PowerPointAbility to thrive in a fast-paced, team-oriented environment and perform effectively under pressureDemonstrated commitment to collaboration and achieving team goalsBachelor's degree from an accredited four-year college or universityJob Expectations:Ability to travel up to 10% or as neededWillingness to work on-site in accordance with current office requirementsVisa sponsorship is not availableObtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. FINRA Securities Industry Essentials (SIE), Series 7, and 63 (or 66) examinations, or equivalent must be completed within either a 90 or 180-day time period following commencement of employment, depending upon the number of license(s) needed if not immediately available to transfer upon hire. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance. Registration for FINRA Series 65 or 66 must be completed prior to conducting Investment Advisory business. Compliance with state law registration and licensing requirements is mandatory. In addition to state registration and licensing requirements, specific product licenses or SAFE licensing may apply. Additional requirements include meeting enhanced financial fitness and criminal background standards. Wells Fargo will initiate the FINRA licensing review process at the time of offer acceptance. For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite is required. Successful completion of the National Futures Association (NFA) Swaps Proficiency Requirements within 30 days of hire, unless previously completed and current.This position is subject to Dodd-Frank Background Screening Requirements, including successful completion and clearing of a background screen. Applicants are subject to a new screen to comply with Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act which states that Associated Persons (AP) cannot be subject to statutory disqualification. Under industry regulations, an AP is defined as a team member who solicits or accepts client orders for swaps. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.Posting Locations:500 West 33rd St. - New York, New York 10001Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.$143,000.00 - $224,000.00Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.Health benefits401(k) PlanPaid time offDisability benefitsLife insurance, critical illness insurance, and accident insuranceParental leaveCritical caregiving leaveDiscounts and savingsCommuter benefitsTuition reimbursementScholarships for dependent childrenAdoption reimbursementPosting End Date:22 Sep 2026*Job posting may come down early due to volume of applicants.We Value Equal OpportunityWells 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.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.Drug and Alcohol PolicyWells 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.SummaryLocation: NEW YORK, NYType: Full time

Job Tags

Ongoing contract, Full time, Work experience placement, Work at office, Immediate start

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