Capital Markets Middle Office Associate
Wells Fargo is seeking a Capital Markets Middle Office Associate to join the Derivative Collateral Management department.
In this role, you will :
- Compare trade position files from external counter-parties to resolve timely margin call disputes
- Perform trade decompositions to validate current mark-to-market exposures
- Review and present collateral margin calls and respond to the demands submitted by our counterparties
- Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepancies
- Produce and distribute ad-hoc reporting requirements to clients and internal partners
- Cross-train future staff members to assist and independently perform daily Derivative Collateral Management margin responsibilities
- Consistently seek opportunities to improve processes, controls and procedures within the Collateral Management team
- Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing
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, educationDesired Qualifications
Firm understanding of derivative trading (Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, etc.) mechanics and payment reset schedules.Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), MSFTA and GMRA documents.FINRA Series 7 licensedCollege degree with concentration in finance and business.Intermediate Microsoft Office skills (Macros, V-Lookups, Tableau, etc)Ability to work in a fast-paced deadline driven environment.Effective organizational, multi-tasking, and prioritizing skillsExcellent verbal, written, and interpersonal communication skillsExtensive knowledge and understanding of loan, securities, and derivative productsStrong analytical skills with high attention to detail and accuracyJob Expectations :
Ability to work on-site in stated location in compliance with our hybrid scheduleExpected hours are 8AM - 5PM with ability to work additional hours as needed depending on daily volumesThis position is not eligible for Visa sponsorshipPrimary Posting Location : 550 S. Tryon Street, Charlotte, North Carolina 28202We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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.
Req Number : R-489562