Wells Fargo Capital Markets Middle Office Associate United Kingdom, England, City of London 60189740
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About this role:
Operating within the Middle Office Function requires meticulous attention to detail and adherence to procedures to effectively manage risks. The team operates in a controlled manner, acknowledging the importance of Operational Risk and Audit protocols.
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.
Monitor daily trading exception reports.
Monitoring and resolution of OPICS trades that needs repair.
Resolve trade queries.
Assist with front to back reconciliations.
Assisting treasury desk in Liquidity Management and Funding.
Work closely with Settlements/Payments functions.
Liaise with Risk and Product Control Departments to resolve any discrepancies between Middle Office and other reports produced elsewhere.
Client Derivatives Documentation coordination.
Participation in system upgrades / testing.
Team player and must show flexibility for working early morning shifts.
Ability to work with team members and business partners across the bank.
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).
Act as the link between business requirements and technology solutions.
Fact finding for any Issue and help escalation to Management.
Ensure all Initiatives are captured on the teams BOW and is updates at all times.
Work with the settlements team for activities related to trade amendments to facilitate settlement of the trade and monitor exceptions to the trade flow cycle in the FX processing system of records.
Runs a variety of reporting related to FX trades and activities.
Participate in lifecycle support tasks for FX trades and identify opportunity for process improvements.
Required Qualifications:
Candidates must have a strong academic background and experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions.
Solid understanding of FX given the close collaboration with sales and trading in managing trade amendments and cancellations.
Good knowledge on Rates/FX/Credit/Repo and Treasury functions.
Have a high level of attention to detail to ensure all trades checked before verified on trade date.
Excellent Markitwire experience essential, the ability to build a ticket from scratch and enrich where appropriate.
They must be analytical with strong verbal and written communication skills.
Good understanding of trade lifecycle across the Rates and FX (including NFD Fixings)
An excellent understanding of life cycle knowledge of Cash Securities and OTC products (CDS).
Good Settlement knowledge across DTC, Fed, E/C and Clearstream.
Ability to work across multiple regions.
Must have the experience with systems such asTOMS/OPICS/CALYPSO/GSF/CATALYST/MARKITWIRE.
Must have advance Excel and VBA 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.
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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