Job Location: New York, NY
Wells Fargo is seeking a Securities Sales Program Analyst to join our Private Client Hedging and Monetization group. The Private Client Hedging and Monetization group provides equity risk management strategies for high-net-worth clients and related entities. The team structures bespoke strategies for investors with concentrated single stock positions, allowing them to hedge their exposure or extract liquidity in a tax efficient manner. Though the group sits on the Wells Fargo Securities side of the firm, candidates should expect regular interaction with Wells Fargo Advisors and the Private Bank. We help our clients achieve their unique wealth management goals through the use of over-the-counter equity options so familiarity with equity derivative products is important. The ability to distill complex topics into digestible language is critical as the team regularly provides education to financial advisors and clients. As an Analyst/Associate on the team, outreach to Wells Fargo Advisors is key responsibility. We initiate and foster relationships with financial advisors through branch calls/visits and targeted communications with advisors that manage concentrated single stock positions. Given that these products are unique and custom, candidates will also spend time ushering client trades through various lifecycle events such as dividends, corporate actions, expirations, and settlements. Attention to detail and clear communication is critical.
In this role, you will:
- Participate in or provide support for low complexity initiatives within Securities Sales to meet the clients objectives
- Review issues, policies or procedures for which answers can be quickly obtained, related to low-to-medium risk tasks and deliverables
- Receive direction from a manager
- Exercise independent judgment while developing the knowledge to understand function, policies, procedures, compliance, and risk management requirements for the Securities Sales area
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
- Interact with internal and external clients
Required Qualifications, US:
- 6+ months of Securities Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- A BS/BA degree or higher in business administration, economics, finance, or related field
- Intermediate Microsoft Office skills
- Strong technical and analytical skills including financial analysis
- Excellent verbal, written, and interpersonal communication skills
- Effective organizational, multi tasking, and prioritizing skills
- Solid problem solving and decision making skills
- Familiarity with equity derivatives
- Operational Experience with derivatives and confirmations
Job Expectations:
- Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- Registration for Securities Industry Essentials (SIE) exam must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
- **Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19. At this time, this position falls under the scope of this mandate. **
- Base pay range for this position in New York is 120,000.00 – 130,000.00 USD
- May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards
Pay Range
$76,300.00 – $135,700.00 Annual
Benefits
- Information about Wells Fargo’s employee benefits
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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