17 Capital Markets Middle Office Senior Manager- Head of FCM Operations Jobs in Charlotte, NC
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Capital Markets Middle Office Senior Manager- Head of FCM Operations
$62k-79k (estimate)
Full Time | Banking
2 Months Ago
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Wells Fargo is Hiring a Capital Markets Middle Office Senior Manager- Head of FCM Operations Near Charlotte, NC
About This RoleWells Fargo is seeking a Senior Manager for theFutures Commission Merchant (FCM) business group with Wells Fargo's Wholesale Operations division to lead the FCM Operations team and have accountability across all FCM Operations functions including Trade Management, Reconciliations, physical deliveries, Cash/Collateral Management, Brokerage, Client Services, and Fee & Commissions team supporting both futures and cleared swaps products. This vital role will ensure the sound management and supervision of all Wells Fargo's affiliate and customer futures and cleared swaps activities. Learn more about the career areas and business divisions at wellsfargojobs.com.
In This Role, You Will
We Value DiversityAt 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.
Wells Fargo only considers candidates who are presently authorized to work for any employer in the United States and who do not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States.
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.
Posting End Date23 Jul 2024
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.
Applicants With DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
In This Role, You Will
- Exchange/clearing house, PPS bank, clearing broker, and regulatory relationships where necessary
- Internal stakeholder management within the FCM business, senior operations leadership, and other support partners (including but not limited to Sales, Trading, Legal, Compliance, Audit, Operations Risk, Treasury, Technology, Regulatory Reporting, Counterparty Credit and Market Risk), external vendors, and various other partners internal and external
- Strategic business initiatives, process/platform improvements, and efficiency improvements in a manner consistent with Firm protocols, industry regulations, and customer requirements
- Risk management across the FCM Operations environment and compliance with new and emerging regulatory mandates where there is an operational impact
- Human capital, including the selection process, performance management and evaluation and Team Member development and retention
- Consistently demonstrate core values and ensure that they are reinforced throughout the department
- Provide subject matter expertise on industry best practices and protocols to comply with all CFTC regulations
- Identify and drive strategic process and system changes for the FCM Operations group to ensure increased control, risk remediation, scalability, and overall operational efficiencies
- Drive solutions for new businesses and processes as the GETS business continues to expand into new markets
- Represent Wells Fargo in industry led initiatives and implement changes in the industry supported by Wells Fargo
- Ensure appropriate operations, accounting and regulatory procedures and processes are documented and adhered to
- Provide sponsorship, leadership and direction for new projects
- Understand all aspects of FCM-wide operations and ensure suitable checks and balances and controls are in place
- Provide leadership and oversight for internal and external audits as they relate to Operations
- Manage relationships with external financial service providers, including settlement banks, clearing brokers, other FCMs, member exchanges, etc.
- Foster strong relationships with other business and support partners
- 6 years of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3 years of management experience
- Familiarity with existing CFTC, and related industry rules, regulations, and initiatives (e.g. CFTC rules/regulation, Dodd Frank, EMIR Delegated reporting, CASS customer money, etc.)
- Detailed knowledge of customer protection rules (CFTC 1.2, 30.7 and LSOC/Customer Cleared Swaps...
- Experience in leading large teams and building a sustainable, diverse and inclusive work environment with a focus on team member growth and development
- Experience in both futures and cleared OTC products
- Experience in presenting and preparing proposals to recommend new processes/services that optimize processes, funding efficiencies, capacity opportunities, and financial forecasting.
- Knowledge of FCM system of records and cash/collateral management applications
- Advanced analytical, organization and interpersonal skills.
- Excellent collaboration, verbal and written communication skills.
- Bachelor's degree or equivalent work experience
- Series 7/99 licenses are a requirement of the role or the ability to complete requirements within 180 days of hire date
- Candidate must be based out of posted location
- This position is not eligible for Visa sponsorship
We Value DiversityAt 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.
Wells Fargo only considers candidates who are presently authorized to work for any employer in the United States and who do not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States.
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.
Posting End Date23 Jul 2024
- Job posting may come down early due to volume of applicants.
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.
Applicants With DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
- Third-Party recordings are prohibited unless authorized by Wells Fargo.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$62k-79k (estimate)
POST DATE
07/22/2024
EXPIRATION DATE
08/17/2024
WEBSITE
wellsfargo.com
HEADQUARTERS
LITCHFIELD, MN
SIZE
>50,000
FOUNDED
1852
TYPE
Public
CEO
SUSAN LEISHER
REVENUE
>$50B
INDUSTRY
Banking
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About Wells Fargo
Wells Fargo is a provider of personal and commercial financial services including banking, mortgage, investment, credit card and insurance.
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