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Form of workWells Fargo is seeking a Senior Capital Markets Middle Office Specialist to work closely with Front Office, Finance and the US Documentation and Operations/Settlements teams on a daily basis. The role requires making sure all activity is booked in a timely manner, performing trade enrichment where necessary, ready for good settlement and reporting. The role also includes working closely with the Sales, Finance, Compliance, and Technology, COO Teams and other Operations and global Middle Office teams on a daily basis.
In this role, you will:
- Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.
- Perform Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.
- Monitor daily trading exception reports.
- Monitor and resolve OPICS trades that need repair.
- Resolve trade queries.
- Assist with front to back reconciliations.
- Assist treasury desk in Liquidity Management and Funding.
- Work closely with Settlements/Payments functions.
- Liaise with Risk and Product Control Departments to resolve any discrepancies between Middle Office and other reports produced elsewhere.
- be tasked with client Derivatives Documentation coordination.
- Participate in system upgrades / testing.
- Enhance the control framework around the daily processes.
- Maintain and enhance governance documents (e.g. Process flows and procedures).
- Act as the link between business requirements and technology solutions.
- Fact find for any Issue and help escalation to Management.
- Ensure all Initiatives are captured on the teams BOW and is updated at all times.
- Lead or participate in moderately complex derivatives products within Capital Markets Middle Office.
- Contribute to large scale planning related to profit and loss generation, attribution and trades.
- Review, analyze and resolve moderately complex trade issues that require in-depth evaluation.
- Resolve moderately complex trade issues.
- Experience in Capital MarketsMiddle Office, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Strong academic background and experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions.
- Good knowledge on Rates/FX/Credit/Repo and Treasury functions.
- High level of attention to detail to ensure all trades checked before verified on trade date.
- Strategic mindset to work/lead International projects and partner with our APAC and Dublin teams.
- Excellent Markitwire experience essential, the ability to build a ticket from scratch and enrich where appropriate.
- Analytical with strong verbal and written communication skills.
- Good understanding of trade lifecycle across the Rates and FX (including NFD Fixings).
- Excellent understanding of life cycle knowledge of Cash Securities and OTC products (CDS).
- Good Settlement knowledge across DTC, Fed, E/C and Clearstream.
- Team player and must show flexibility for working early morning shifts.
- Ability to work with team members and business partners across the bank.
- Project work/Ad hoc management requests.
- Ability to work across multiple regions.
- Experience with systems such as TOMS/OPICS/CALYPSO/GSF/CATALYST/MARKITWIRE.
- Advance Excel and VBA experience.
- Confident with the ability to work under pressure of a trading floor and deliver on strict deadlines.
29 Apr 2024
*Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
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.
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To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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