In this role, you will:
Compare trade position files from external counter-parties in order to resolve margin call disputes in a timely fashion
Perform trade decompositions to validate current mark-to-market exposures
Be the main point of communication between Wells Fargo and its client base
Be the first point of escalation for any client/ internal queries
Review and process collateral margin calls and respond to the demands submitted by our counterparties
Work with internal departments (various Middle Office and Front Office teams, Documentation, Marketers, Legal, Credit) to resolve all discrepancies
Work with internal stakeholders for document negotiation
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:
4+ years of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
5+ years of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of Collateral management experience
Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), IM CSA, MSFTA, MRA and GMRA documents
SWIFT MT and MX formatting knowledge
Securities settlement knowledge (FED, DTC, Clearstream)
Deep understanding of OTC, REPO, IM and Exchange margin flows
Ability to work in a fast-paced deadline driven environment.
Experience working in a team which is global
Highly motivated team player with effective organizational, multi-tasking, and prioritizing skills
Excellent verbal, written, and interpersonal communication skills with self-discipline follow up skills
Extensive knowledge and understanding of loan, securities, and derivative products
Intermediate Microsoft Office skills (Macros, V-Lookups, Tableau, etc)
Strong analytical skills with high attention to detail and accuracy
Strong client services skills
Understanding of Calypso, GSF, Imagine/Mercury, Opics, Endur, CDBO and other mainframe trading systems
Firm understanding of derivative trading (Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, etc.) mechanics and payment reset schedules
Detail orientated with strong sense of control
Excellent communication and interpersonal skills with strong analytical/problem solving skills
Experience with Lombard Risk’s Colline Collateral Management platform is a plus
Japanese language proficiency is a plus, but not a requirement
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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