Wells Fargo
Senior Capital Markets Middle Office Specialist
About this role:
Wells Fargo is seeking an experienced Senior Capital Markets Middle Office Specialist to join their London Trade Support team, focusing on Cross Asset classes. This role involves supporting Front Office and other Middle Office team members in functions such as rates, FX, Credit, Repo, MCCF, and Treasury activities.
Collaboration is key in this position, requiring close interaction with Front Office, Finance, and the US Documentation and Operations/Settlements teams on a daily basis. Responsibilities encompass ensuring timely booking of all activities, conducting trade enrichment as necessary, guaranteeing proper settlement, and aiding in reporting procedures. Furthermore, the role entails daily engagement with Sales, Finance, Compliance, Technology, COO Teams, and various Operations and global Middle Office teams.
If you excel in roles that emphasize attention to detail and teamwork, this dynamic opportunity may be the perfect fit for you.
In this role, you will:
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Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.
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Posses good knowledge on Rates/FX/Credit/Repo and Treasury functions.
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Have a high level of attention to detail to ensure all trades checked before verified on trade date.
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Manage Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.
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Monitor daily trading exception reports.
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Be responsible for monitoring and resolution of OPICS trades that needs repair.
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Manage the resolution of trade queries.
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Assist with front to back reconciliations.
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Assist the treasury desk in Liquidity Management and Funding.
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Work closely with Settlements/Payments functions.
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Liaise with Risk and Product Control Departments to resolve any discrepancies between Middle Office and other reports produced elsewhere.
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Execute the coordination of Client Derivatives Documentation.
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Participate in system upgrades / testing.
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Be a team player and must show flexibility for working early morning shifts.
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Have the ability to work with team members and business partners across the bank.
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Execute project work/Ad hoc management requests.
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Embrace the enhancement of the control framework around the daily processes.
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Maintain the enhancement of governance documents (e.g. Process flows and procedures).
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Act as the link between business requirements and technology solutions.
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Be responsible for fact finding for any Issue and help escalation to Management.
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Ensure all Initiatives are captured on the teams BOW and is updates at all times.
Required Qualifications:
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Candidates must have a strong academic background and established experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions and overall must have a strong Rates background.
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Have a strategic mindset to work/lead International projects and partner with our APAC and Dublin teams.
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Excellent Markitwire experience essential, the ability to build a ticket from scratch and enrich where appropriate.
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Analytical with strong verbal and written communication skills.
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Good understanding of trade lifecycle across the Rates and FX (including NFD Fixings).
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An excellent understanding of life cycle knowledge of Cash Securities and OTC products (CDS).
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Good Settlement knowledge across DTC, Fed, E/C and Clearstream.
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Ability to work across multiple regions.
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Must have the experience with systems such as TOMS/OPICS/CALYPSO/GSF/CATALYST/MARKITWIRE.
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Must have advance Excel and VBA experience.
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Confident and the ability to work under pressure of a trading floor and deliver on strict deadlines.
The Middle Office Function is a control function and it is imperative that all team members’ work in a controlled manner to manage risk and follow procedure at all times. We are a function that is very sensitive to Operational Risk and Audit.
They will also work with Technology and other Middle Office teams globally on Front Office projects and process improvements and cover other MO teams (HK/US) if/when required.
Posting End Date:
26 Mar 2025
*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.
