Wells Fargo EMEA XVA Middle Office Risk PnL 

United Kingdom, England, City of London 

453136016

In this role, you will:

• The successful candidate will be expected to have the following.

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

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

• 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.

• Participation in system upgrades / testing.

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

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

• 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.

• 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.

15 May 2025

Wells Fargo Recruitment and Hiring Requirements:

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