Capital Markets Middle Office Associate – Prime Services Margin

Wells Fargo & Company•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Capital Markets Middle Office Associate to join its Prime Services Margin team, which is part of Corporate Investment Banking Operations. This role involves monitoring accounts for margin compliance, performing daily margin processing functions, and collaborating with IT and Program Management on system enhancements. The position requires providing support and guidance to team members, documenting processes, and actively participating in UAT testing. Employees in this role are expected to support a robust control environment and are accountable for executing applicable risk programs, adhering to policies, fulfilling compliance obligations, and making sound risk decisions. Wells Fargo & Company is a leading financial services company with approximately $2.1 trillion in assets, offering a diversified set of banking, investment, and mortgage products and services across its four operating segments. The company emphasizes building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture.

Requirements

6+ months of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Margin experience with a focus on servicing the Prime Brokerage business
Reg-T, Reg-U, Portfolio Margin and Arranging margin financing experience
Knowledge of Prime Brokerage, Funding, Rehypothecation and Securities Lending
Working knowledge of Broadridge
Comprehensive financial products knowledge, including cross-margining, Swaps, Options
Ability to multi-task in a fast-paced environment with an attention to detail and while complying with all firm and regulatory requirements
Excellent verbal and written communication skills
MIS presentation and report writing experience
Understanding of Financial Reporting impact as it pertains to margin rules and balances a plus
Experience working with both external and internal clients

Responsibilities

Monitor accounts daily for Regulatory and House margin compliance
Perform daily margin processing functions including funds disbursement review and approvals, journal entries, asset transfer review and approvals, and exception report review
Work closely with IT and Program Management in implementing margin system enhancements and document the process, policies and procedures
Provide support and guidance to PB team members to ensure timely resolution of internal and external queries
Document and participate in the specification for all margin system enhancements and process reviews and changes
Actively participate in UAT planning and testing for margin system releases and enhancements
Support an ongoing, robust control environment
Accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation, and remediation of issues, and making sound risk decisions
Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements