Vice President, Algorithmic Trading and Segregated Execution – FX Algos

About this role:

Wells Fargo is seeking a VP-level Algorithmic Trading and Segregated Execution professional within the Cross Asset Electronic Trading Group. This candidate will sit on the Algorithmic Trading and Segregated Execution desk and work closely with the Product Quant Strategy Systematic Market Making and Linear FX trading teams as well as Sales and the COO organization to design calibrate and operate FX execution algorithms and to support the ongoing build-out of the desks algo suite including the potential extension of coverage into Rates (U.S. Treasury) algos.

This candidate will be required to work closely with Markets Macro stakeholders. The Algorithmic Trading and Segregated Execution desk operates independently from principal risk-taking executing client orders across FX (and prospectively Rates) via a suite of execution algorithms including TWAP POV/inline implementation shortfall and iceberg/passive strategies while ensuring adherence to information barrier policies best execution standards and applicable regulatory codes of conduct.

An ideal candidate will be able to engage across the spectrum of responsibilities below:

• Design calibrate and maintain FX execution algorithm parameters scheduling child-order sizing time-in-force guardrails aggression/sensitivity settings passive placement reposting cadence and would-price/would-quantity logic

• Support the build-out and potential expansion of the algo suite into Rates (U.S. Treasury) products partnering with Quant Strategy and Product on strategy design and calibration

• Operate the segregated execution desk maintaining independence from principal trading and ensuring adherence to information barrier and best-execution policies

• Partner with Product and Quant teams on algo parameter testing UAT and production validation prior to release

• Monitor algo execution quality via transaction cost analysis markouts slippage fill rates and venue performance and translate findings into parameter refinements

• Troubleshoot production issues across order routing OMS and algo logic and effectively communicate root cause and remediation to clients sales and trading

• Understand the integration and onboarding of algo clients including platform connectivity and liquidity/venue configuration

• Maintain strong knowledge of FX (and prospectively Rates) market structure execution methodologies and electronic trading channels

• Collaborate with Systematic Market Making Linear FX and Macro trading desks on liquidity provision and how algos interact with internalized flow

• Support onboarding of new venues and liquidity providers into algo routing logic

• Ensure adherence to compliance governance regulations and policies including the FX Global Code and applicable algo governance frameworks

• Be part of a global team supporting a 24hr/5.5 business

• Experience working with Multi-Dealer Trading Platforms and Fin Tech providers of pre- and post-trade solutions

• Familiarity with general OMS workflows

• Provide technical and business support to internal stakeholders on algo functionality and performance

• Validation/testing of new algo strategies and trading tools prior to release to production

• Strong communication skills including the ability to explain algo behavior and production issues at the right level for the audience

• Ensure business and technology impacts related to market structure changes are coordinated and communicated across each line of business

In this role you will:

• Work closely with global teams to design calibrate and improve FX (and prospectively Rates) execution algorithm performance.

• Work closely with 3rd-party vendors and internal technology partners to resolve production issues and scope algo/system enhancements.

• Review and analyze complex execution data fills slippage venue performance to refine algo parameters and improve execution quality.

• Complete work in accordance with all risk management compliance and business process expectations including segregation of duties from principal trading

• Make decisions requiring solid understanding of policies procedures and compliance requirements applicable to algorithmic and electronic execution.

• Conduct due diligence on algo vendors and providers and provide in-depth research on relevant market microstructure and execution trends.

• Collaborate and consult with peers colleagues and mid-level to more experienced managers to resolve issues and achieve goals

Required Qualifications:

• Experience in Securities Algorithmic Trading or equivalent demonstrated through one or a combination of the following: work experience training education

• Bachelors degree or higher

Desired Qualifications:

• Experience in Algorithmic Trading Execution and/or eFX/Rates Trading Support
• Strong analytical and quantitative skills with comfort working in Python SQL or similar tools for execution data analysis
• Strong understanding of the trade life cycle pertaining to price creation and trade execution
• Extensive knowledge of automated market making optimal execution algorithms and market microstructure across FX and Rates
• Strong understanding of Big Data Data Analytics and Data Science as applied to execution quality and transaction cost analysis
• Strong understanding of the market structure and its evolution for FX Rates/UST customer algos and eFX principal market making
• The ideal candidate will be an extremely motivated proactive and solution-oriented individual
• Strong written and verbal communication skills with a desire and ability to build strong relationships with internal and external partners

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:

1. You must act with integrity.

2. You must act with due skill care and diligence.

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.

Posting End Date:

*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 units 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 visitDisability Inclusion at Wells Fargo.

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