Municipal Sales Assistant

Location
Charlotte, North Carolina
Posted
November 21 2020
Ref
5557044
Industry
Banking
Position
Sales
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

Corporate & Investment Banking (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

The Municipal Products Group (MPG) provides investment banking, municipal derivatives, investor solutions, institutional sales, secondary trading and underwriting services to issuer and investor clients. MPG is comprised of the following businesses: Public Finance Origination, Municipal Sales, Trading, and Underwriting and Municipal Derivatives Trading.
  • Work with Wells Fargo trade settlements team and customers a daily basis to ensure the timely settlement of trades
  • Monitor trades daily to ensure accuracy and decrease trade discrepancies
  • Handle customer trade allocations to ensure proper settlement
  • Manage the RTTM daily breaks flow with the P&S group
  • Build new customer accounts in the POQ system and manage the onboarding/ AML process for new investor clients
  • Complete requests for updating documentation and customer account information from our Business Partners in Compliance, AML and Client accounts
  • Work with the Muni Middle Office team to keep MSRB late trades for the sales desk to a minimum
  • Assist the sales team and traders by entering in Muni Trades into all systems
  • Provide back up sales coverage for the Sales Team
  • Place orders for New Issue deals in IPREO when requested by the sales team.
  • Increase overall Muni product knowledge by learning about new products, updates in credit, Market trends and movements, etc.
  • Work on ad hoc projects for the sales team and business as assigned

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents

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.

Required Qualifications

  • 2+ years of experience in one or a combination of the following: sales support, trading support, or military experience


Desired Qualifications

  • 2+ years of capital markets experience
  • FINRA registration including Series 7 and 63 (or FINRA recognized equivalents)
  • Municipal investment banking experience


Other Desired Qualifications
  • Fully proficient in standard MS Office and Excel
  • Exceptional organizational and analytical ability with strong documentation skills
  • Ability to interact at a high level clients
  • Highly motivated self-starter with ability to effectively multitask


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.
  • Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. In addition state registration, 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 review process at the time of offer acceptance.
  • Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.


Street Address

NC-Charlotte: 550 S Tryon St - Charlotte, NC

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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