Capital Markets Middle Office Associate

About this role:

Wells Fargo is seeking a Capital Markets Middle Office Associate within the Collateral Management team as a part of Corporate Investment Banking Operations. Learn more about the career areas and lines of business at wellsfargojobs.com.

This resource will support the Collateral Management functional and regulatory role of monitoring, remediating, and reporting trade level differences or issues. Pursuant to EMIR, CFTC, and SEC regulations the Port Rec Analyst will maintain compliance across product types per related regulation. Activities will include reporting, root cause analysis, trade matching, remediation, annual and quarterly Port Rec notification tracking, trade reconciliations, and escalations to collateral management and the relevant trading desk.

In this role, you will:

• Perform Root Cause Analysis: The analyst will review the root cause for a trade valuation difference or unmatched trade. This analysis will be published daily and will be used by collateral management to create informed commentary where call disputes occur

• Case management will include collateralized and uncollateralized disputes or differences originating from Trioptima (vendor case management tool) and Derivatives Access (custom Millie Case management tool)

• Escalate large discrepancies and will report on all differences over 10% to relevant margin analysts and managers. Issues identified should be raised to the desk for confirmation of values or other noted issues and will be tracked until the issue is resolved (if possible)

• MTM Validation monitoring: The analyst will review trade, source system, and portfolio level issues and escalate to management and technology or the relevant trading desk

• Track the annual and quarterly notification process for: Tracking notification success/fail rate, Responding to inquiries from the process

• Report on the daily activities such as: Regulatory Threshold Reporting, Dispute and Trade Valuation Analysis, Case Management activities, Port Rec Notification Tracking, and KYC Methodology Reporting

• **Strong attention to detail is critical as it relates to Regulatory Requirements and Reporting

Required Qualifications:

• 6 months of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Proficient in Excel

• Capital Markets Experience

• Analytical and detail oriented

• Technical writing experience

• Ability to build strong partnerships with related business units

• Strong verbal and written communication skills

• Experience working with controls and procedures

• Ability to prioritize work within a fast paced working environment

Job Expectations:

• Ability to work a hybrid schedule

• Willingness to work on-site at stated location on the job opening

• This position is not eligible for Visa sponsorship

Posting Location:

• 550 S Tryon St, Charlotte, NC 28202

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.

Posting End Date: 

*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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.