# Junior Rates Options Trader — Market Making & Client Business at Wells Fargo

Wells Fargo is hiring a Junior Rates Options Trader — Market Making & Client Business in New York, United States. Level rates it Little AI ●○○○; you can [apply on Level](https://jobsbylevel.com/go/81fc9fd3-4ae6-49e0-a7fa-0b45c2c90cdc?utm_medium=ai-agent).

AI Level 1, AI centrality 38 out of 100. NEW YORK, NY.

## Details

- Company: [Wells Fargo](https://jobsbylevel.com/companies/wells-fargo)
- AI level: AI Level 1 (score 38 out of 100)
- Location: NEW YORK, NY
- Posted: October 16, 2026
- Apply: https://jobsbylevel.com/go/81fc9fd3-4ae6-49e0-a7fa-0b45c2c90cdc?utm_medium=ai-agent

## 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, Macro, Equities, Municipal Products Group, Credit Sales & Trading. About this role: Wells Fargo is seeking a Junior Trader to join our USD Rates Options Desk. The role will focus on making markets in swaptions, caps/floors, and Treasury options, pricing and executing client hedging business alongside sales, and managing the book’s day-to-day risk. In this role, you will: Quote and execute two-way markets in vanilla and structured rates options, including swaptions, caps/floors/collars/seagulls, cancellable swaps, and Treasury options, within assigned risk, size, and product limits Respond to client RFQs across voice and electronic venues with accurate, timely pricing; maintain axes, runs, and current vol marks Partner with rates sales to structure client hedges, prepare scenario and P&L analysis, and manage expiries, exercises, and resets through maturity Hedge and monitor delta, gamma, vega, and theta across the grid using swaps, futures, and cash Treasuries Own daily P&L explain and attribution, reconcile risk to P&L, resolve breaks with Product Control, and support IPV and month-end mark reviews Book and validate trades accurately in front-office systems and ensure clean confirmation, clearing, and settlement Build and maintain pricing and analytics tooling; work with quants and technology on curve, vol-surface, and workflow improvements Operate within the desk’s supervisory and control framework, including risk limits, communications policy, best execution, and regulatory reporting obligations Produce and distribute U.S. rates market updates and trade ideas Required Qualifications: 2+ years of Securities Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Master’s degree in Financial Engineering, Mathematics, Statistics, Physics, Economics, or a related quantitative discipline (or equivalent quantitative experience) Demonstrated experience pricing and executing interest rate derivatives, including interest rate swaps, swaptions, caps/floors, bond options, and structured rates products Proficiency in Python and advanced Excel for pricing, analysis, and tool building, with experience developing pricing tools or analytics used by a trading desk Working knowledge of Bloomberg for rates pricing and execution (e.g., SWPM, VCON) and exposure to front-office booking, risk, and lifecycle platforms such as Murex, Calypso, Summit, or an equivalent OMS/trading system Experience managing institutional client RFQ flow, including quoting, follow-up on option expiries, and post-trade client communication Understanding of volatility modeling, including implied vs. realized volatility, volatility smile/skew, SABR-type and Black/Bachelier frameworks, and swaption cube construction Experience collaborating across repo, cash Treasury, flow rates, and structured rates desks, including across regions Familiarity with the capital and funding implications of a rates options book, including clearing vs. bilateral, initial margin, SA-CCR, FRTB, and XVA Experience producing written market commentary or trade ideas and conducting relative value, macro, or systematic strategy research, including scenario and P&L analysis Job

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/junior-rates-options-trader-market-making-client-business-at-wells-fargo-b55a48

Source: https://jobsbylevel.com/jobs/junior-rates-options-trader-market-making-client-business-at-wells-fargo-b55a48

## Cite this page

Level. https://jobsbylevel.com/jobs/junior-rates-options-trader-market-making-client-business-at-wells-fargo-b55a48.

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