Capital Markets Middle Office Associate jobs at Wells Fargo in United Kingdom, City Of London

About this role:

Wells Fargo is looking for a Control Management Specialist to join the International Corporate & Investment Banking (CIB) Control Team. This role focuses on implementing and overseeing the First Line of Defense corporate risk program requirements. Specifically, the Specialist will assist the Markets Control within the International Markets Control team. Responsibilities include providing control coverage across International Markets and contributing to governance programs. The ideal candidate should have a grasp of different Markets traded businesses and operational risk management principles.

In this role, you will:

• Participate in mitigating current and emerging risk exposures associated with the activities and operations of the assigned business group, and identify opportunity for process improvements within the scope of defined business control responsibilities.

• Review and analyze basic business challenges that require research, evaluation, and selection of alternatives.

• Develop and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary.

• Present recommendations for resolving complex situations and exercise independent judgment while developing Control Management functional area expertise.

• Provide support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area.

• Collaborate and consult with Control Management team and key stakeholders, including internal customers.

Required Qualifications:

• Experience in Risk Management or Financial Services industry, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• Experience with developing and/or executing risk and control assessment programs.

• Knowledge of RCSA, process, purpose.

• Knowledge of products, services, applicable regulations for a Markets Business.

• Experience in operational risk reporting and escalation programs

• Knowledge and experience in risk management practices.

• Knowledge of the Risk Management Framework (RMF) concepts.

• Personal ability to understand and operate successfully in a matrixed corporate environment

• Good communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.

Wells Fargo Recruitment and Hiring Requirements:

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

The ideal candidate will be expected to:

• Self-lead the build out a new function that will centrally run controls and processes owned within the front office
• Establish a best-in-class control/operating environment complemented by up-to-date procedures and process flows, disciplined periodic testing/reviews, constant search for efficiencies etc.
• Proactively establish and develop relationships with key stakeholders across the businesses, COO teams, business control and functional partners to effectively perform the role

Responsibilities:

• Build out the team between London and Singapore and establish a high-performance culture that is focused on both quality and efficiency
• Build out the book of controls and processes to centralize within the business management function, partnering with product/activity COOs between multiple regions
• Build out the accompanying management information (KRIs/KPIs) associated with the function and establish related reporting routines
• For new controls/processes, partner with related COO teams and functional partners to establish robust but operationally efficient controls/processes
• Develop procedures for the centralized controls/processes (adhering to firm wide standards) and establish regular review routines to ensure they remain up to date
• Serve as a subject matter expert on business booking models/activities and link those models/activities to controls, processes, intercompany agreements, licenses, front office teams etc.
• Proactively track actions/feedback from stakeholders related to activities and regularly update on progress
• Build and maintain strong relationships with the businesses, COOs and functions to stay on top of personnel, regulatory, system, tooling changes
• Know and understand the regulatory requirements associated with the footprint of the businesses and connection between those requirements and the controls/processes run within the team
• Drive the evolution of the controls/processes run by the team and ensure business/regulatory requirements are always met
• Drive the development of offshore capabilities, partnering with the global lead in the US to ensure control/process migrations are done thoughtfully and with clear accountability
• Serve as front office controls/processes subject matter expert in risk control self-assessments and internal/external audits
• Develop and maintain Business Continuity Plans for the team
• Support reporting obligations – management, entity, regulatory
• Run ad-hoc initiatives that cut across product / activity verticals
• Drive special initiatives at the request of the International Markets COO

Required Experience:

• Corporate & investment banking business management or leadership experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Management or leadership experience

• Relevant experience working within an investment bank

• Deep understanding of markets, including products, services, clients and regulatory environments
• Experience in building, managing and developing geographically dispersed teams
• Experience in designing, implementing and running controls/processes for a business
• Experience in managing a portfolio of control/process routines across a team
• Experience in dealing with complex problems that require multiple global stakeholders to solve
• Experience in working with senior executives requiring high quality work but under time pressure
• Experience in establishing offshoring service centres

Skillsets:

• Meticulous attention to detail whilst able to present information at the intended audience’s level
• Self-starter who is solution orientated and constantly acts on opportunities for continuous improvement
• Builds trust and operates with discretion and integrity
• Scrutinizes the first answer, evaluates alternatives, considers perspectives and tests assumptions
• Exceptional organizational and project management skills
• Strong interpersonal and communication skills
• Ability to set a target operating state and execute towards that
• Ability to lead teams through change
• Ability to influence/negotiate and build consensus with stakeholders across all levels
• Ability to run multiple concurrent tasks whilst playing varying roles in their execution
• Ability to quickly understand and synthesize complex information sets and identify themes/connections
• Ability to work independently and as part of a team
• Expert skills in MS Excel, PowerPoint, SharePoint and Visio

Wells Fargo Recruitment and Hiring Requirements:

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

A trusted partner to our clients, we provide corporate and transaction banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients.

The Markets internship provides exposure to the way we help institutional clients manage risk, navigate volatility, and access liquidity across global markets. This ten-week programme is designed for students who want to understand how financial markets operate in practice.

Program Overview

You will work alongside teams in areas such as FX and Rates Trading, Structured Products, and Macro Strategy. These teams support clients including asset managers, hedge funds, and global institutions. You will be involved in day-to-day activities, contribute to team initiatives, and develop your understanding of pricing, execution, and market analysis. Training and mentorship are built into the programme to help you grow your technical knowledge and professional confidence.

Summer Analyst Programme 2026

Within EMEA Markets you may be placed in one of the following lines of business:

• FX & Rates Sales and Trading
• Credit Sales and Trading
• Structured Product Groups (SPG)
• Asset-Backed Securities (ABS)
• Equities

Required

• Penultimate year undergraduate with an expected graduation date of June 2027
• Demonstratable interest in finance through work experience or extra-curricular achievement
• A record of academic excellence
• Fluent in English

Desired

• Knowledge of another language other than English. E.g., French, Spanish, Italian or other language
• A personality that is engaging, flexible, organised, conscientious, initiative-taking, & detail-oriented
• An ability to prioritise work, meet deadlines & achieve goals, all whilst working in a dynamic & complex environment
• Ability to quickly evaluate and solve analytical problems, with a basic understanding of mathematical principles
• Sense of personal accountability & urgency for achieving results
• Experience using Microsoft Office suite of products

Wells Fargo Recruitment and Hiring Requirements:

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

About this role:

The Operations Associate is seen as a subject matter expert and therefore will need to be able to perform all operational activities in ABL and treasury operations activities in IF/CF. The role is accountable for reviewing existing processes, seeking automation and simplification initiatives, leveraging Global Operations expertise available. The post-holder will be able to utilize available data & metrics to drive change/efficiency and be accountable to deliver with minimal supervision on small to medium projects, working to set timelines and ensuring appropriate progress reporting and escalation communication.

The Operations Associate will play a key role within the Operations function and be able to make key decisions (within their remit), resolve queries from the front line, build longstanding relationships, communicate and influence across the EMEA organization (Risk, Commercial, Controllership & IT) as well as being the key point of contact for audits and business process mapping activities.

(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)

In this role, you will:

• Ensure ABL client advances are made each day within cut off times and monitoring ABL client cash balances using external bank platforms.
• Use WF systems and SWIFT messaging to control and collect client cash so that it can be posted to client loans.
• Have the ability to perform all IF/CF funding, forecasting, customer bank account management activities and administration of user access to external bank accounts for clients and team members.
• Ensure timely resolution of bank reconciliation items.
• Be seen as subject matter expert being able to resolve queries from front line partners or external banking partners.
• Be the main point of contact for internal & external audits, control testing by internal stakeholders, and Business Process Mapping activities.
• Raise concerns, improvement ideas, establish clear actions & follow ups.
• Identify training and process improvement needs to further enhance the internal and/or external customer experience ensuring accurate & timely processing and query resolution. Escalating internally & cross functionally as and when required.
• Identify and drive process simplification.
• Ensure processes are executed and maintained in line with regulatory and WF standards at all times and ensure that records are maintained to the highest standard.
• Maintain and ensure adherence to Standard Operating Procedures and Business Continuity Planning to ensure that procedures are updated to reflect operating practices.
• Work with other departments, including Commercial, Risk and Controllership to maintain and improve awareness and understanding of the Operations requirements.

Required Qualifications:

• Experience in Operations, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Attention to detail, problem solving attitude, strong organisational skills, improvement mind set, proactive in identifying improvement & efficiency opportunities.
• Knowledge of Treasury processes would be beneficial, but not essential.
• Ability to work under time pressure.
• Ability to work independently and as a wider Team Member with minimal supervision.
• Ability to make decisions within the agreed boundaries with minimal supervision and communicate effectively with internal and external customers – a strong team player.
• Able to display a positive attitude and flexible approach to assigned tasks with a desire to learn and grow within the organisation.
• The ability to establish strong partnerships at all levels and the ability to influence key stakeholdersinternally/externally.
• Strong knowledge of MS Excel including ability to create pivot tables to manage and analyze data is essential.

Wells Fargo Recruitment and Hiring Requirements:

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

In this role, you will:

• Key member of our G10 and EM FX options trading initiative in London which encompasses trading, sales relationships, and client pricing.
• Perform daily risk management duties for all aspects of the Global portfolio. Capable of running multiple books across the G10 and EM regions
• Exhibit strong analytical and quantitative skills. Be able to work well under pressure and be part of a global team.
• Work with the global team to dictate consistent, efficient, and timely pricing for all our clients.
• Be able to build a franchise by fostering current customer relationships and onboarding new prospects.
• Help build analytical tools that improve our risk management capabilities and customer engagement.
• Lead complex initiatives with broad impact and act as key participant for FX Trading
• Review and analyze complex, longer-term business and operational initiatives that require in-depth evaluation of multiple factors
• Make decisions requiring excellent understanding of policies, procedures and compliance requirements to meet deliverables and drive new initiatives
• Collaborate and consult with peers, colleagues and managers to resolve and achieve goals

Required Qualifications:

• Experience in Securities Trading, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Strong analytical skills with high attention to detail
• Excellent verbal, written, and interpersonal communication skills
• Strong interest in financial markets and risk management
• Demonstrated proficiency in handling multiple projects and deadlines
• Energetic self-starter who is flexible, organized, conscientious, proactive, and detail-oriented
• Strong work ethic, initiative, and desire to learn
• Enjoy working collaboratively in a team environment

Job Expectations:

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis.

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:

• You must act with integrity.
• You must act with due skill, care and diligence.
• You must be open and cooperative with the FCA, the PRA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.

Wells Fargo Recruitment and Hiring Requirements:

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

About this role:

(Note: In addition to these functions, employees are required to carry out such other duties as may reasonably be required)

In this role, you will:

• Communicate effectively with Commercial teams to support customer setups, ensuring adequate line of questioning to fully understand pipeline of work and specific requirements. Ongoing dialogue to take place to manage expectations and ensure clear visibility of progress.
• Share key work item details within team and wider business where appropriate to highlight any downstream impact.
• Create Vendor contractual documentation based on Commercial inputs and in conjunction with Legal, Risk and Pricing department requirements. Arrange cross-functional contract pre-approval prior to customer signing.
• Coordinate upon return, customer executed documents, ensuring internal processing and document distribution.
• Lead submission of Vendor Rates & Terms set up instructions in accordance to Commercial Team’s requirements and ensure timely & accurate setup by the Operations Team in the operating system, acting as primary point of contact for any query resolution.
• Create accurate English language Dealer Terms summary documents from the executed Vendor contractual documents & ensure storage in line with Records Information Management policy.
• Produce and distribute accurate monthly & ad hoc customer facing reporting within timelines. Establish reporting/formatting synergies across Commercial industries and implement where possible automated reports.
• Build expertise in, and act as key point of contact for customer setups.
• Take the lead in ensuring BCP processes are in place and tested with remediation actions complete.
• Proactively share and reach out for best practice across other CDF Operations teams globally to enhance the customer experience and automation, leveraging equivalent teams in the US and other regions.
• Perform system change UAT related to Business Support Operations processes.
• Act as key point of contact for any internal or external audit queries or testing.
• Develop working knowledge and undertake cross-training to support other Operations teams, providing cover during illness and holidays to maintain a strong customer experience.
• Support cross-functional training and best practice within the Operations Team.

Required Qualifications:

• Experience in Operations, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Strong problem solving skills – proven record of owning and resolving problems. Ability to identify, define and scale the problem, understand root cause and recommend/implement corrective action and future control measures.
• Exceptional administrative skills and strong attention to detail – Ability to manage and organise multiple work streams simultaneously, maintaining an excellent degree of accuracy.
• Exceptional organisational skills – Effective time management in a fast-moving and demanding environment, planning ahead and working to tight deadlines, sharing any roadblocks or delays which can impact the customer or business performance. Ability to adapt in a changing and demanding environment.
• Experience of supporting projects, particularly in respect of process improvements and simplification. Demonstrate ability to work to a plan and provide regular progress updates.
• Highly self-motivated, competent of working independently, whilst retaining a committed ‘team’ attitude. Understanding effect of own deliverables on that of others and acting as required to prevent negative impact or delays.
• Strong communication and influencing skills in all mediums with the team & wider business – adapting content according to the audience. Develop relationships at all levels, work flexibly, share ideas and challenge self & others.
• Proven experience in a Financial Services (preferably banking) environment or experience of working in an Accounts or Inside Sales Commercial role with a strong customer focus.

Job Expectations:

• Strong ability to plan workload effectively, prioritising and achieving all deliverables within given timescales, identifying and escalating concerns at an early stage.
• Willingness and ability to work flexibly and support wider team where required.

Wells Fargo Recruitment and Hiring Requirements:

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

In this role, you will:

• Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.

• Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.

• Trade capture of in-scope derivatives for XVA Risk and NPV, lifecycle maintenance and production of PnL and Risk impacts on daytrades.

• Trade Capture of hedge trades executed by the desk to manage market risk associated with the XVA business.

• Production and review of Start of Day Market Risk for Trading to risk manage from and generate PnL attribution from at End of Day.

• End of Day PnL production and attribution on portfolio, result validation with Traders, and investigation of discrepancies.

• Ownership of operational controls on XVA portfolio and corresponding reconciliations.

• Key Partner to other control and operations functions including Market Risk Oversight, Enterprise Capital Risk Management, Finance and Technology.

• Project leadership on transformational work in XVA space to meet business needs, and changing regulatory requirements.

• Understanding of Market Linked Notes and SPV Repack booking process.

• Act as the link between business requirements and technology solutions.

• Have a high level of attention to detail to ensure all trades checked before verified on trade date.

• Participation in system upgrades / testing.

• Liaise with Risk and Product Control Departments to resolve any discrepancies between Middle Office and other reports produced elsewhere.

• Ability to work with team members and business partners across the bank.

• Contact teams internally or externally (ie the client) to solve in a timely manner any break or issue that may appear on a trade.

• Monitoring of daily trading exception reports.

• Resolution of trade queries.

• Run, analyze and solve breaks of front to back reconciliations.

• Work closely with Settlements/Payments functions.

• Project work/Ad hoc management requests.

• Enhancement of the control framework around the daily processes.

• Maintenance and enhancement of governance documents (e.g. Process flows and procedures).

• Fact finding for any issue and help escalation to Management.

• Ensure all Initiatives are captured on the teams BOW and is updated.

• Team player and must show flexibility for working early morning or late shifts.

Required Qualifications:

• Candidates must have a strong academic background and experience in a Middle Office or Product Control position.

• They must be analytical with strong verbal and written communication skills.

• Understanding of trade lifecycle across the Rates and FX, Credit (CDS) and Cash products (bonds).

• Ability to work across multiple regions.

• Must have advance Excel skills and coding skills (VBA/ Python) experience.

• Confident and the ability to work under pressure of a trading floor and deliver on strict deadlines.

• Good interpersonal and networking skills to help close out issues.

• Experience of change management.

• High level of attention to detail.

• Good knowledge on Fixed income derivatives: Rates swap / CDS / FX and also FX option and Rates Swaptions.

• The ability to operate and enhance the team to work in a highly controlled manner and ensuring all processes/procedures are documented.

• Proactive and the ability to take ownership and lead initiatives/projects to close.

• Team Player with good communication skills and demonstrate a high level of transparency towards working as one strong team.

• Experience in Capital Markets middle office, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• Degree in quantitative subject preferred.

• Previous experience of working in FX, Rates, XVA or Exotic rates/credit as Middle Office.

• Knowledge on systems Calypso, Catalyst.

Wells Fargo Recruitment and Hiring Requirements:

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