Finding the best job has never been easier
Wells Fargo EMEA XVA Middle Office Risk PnL United Kingdom, England, City of London 453136016
Share
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.
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
These jobs might be a good fit
