Capital Markets Middle Office Associate - Collateral Management

Wells Fargo Bank • Charlotte, NC

4d • Hybrid

About The Position

About this role: Wells Fargo is seeking a Capital Markets Middle Office Associate to join the Derivative Collateral Management department. In this role, you will: Compare trade position files from external counter-parties to resolve timely margin call disputes Perform trade decompositions to validate current mark-to-market exposures Review and present collateral margin calls and respond to the demands submitted by our counterparties Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepancies 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

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
• Ability to work on-site in stated location in compliance with our hybrid schedule
• Expected hours are 8:00 AM – 5:00 PM with ability to work additional hours as needed depending on daily volumes
• This position is not eligible for Visa sponsorship
• Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company.
• They are 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.
• There is 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.

Nice To Haves

• Derivative Collateral Management margin experience
• Experience working with loan, securities, or derivative products
• Firm understanding of derivative trading (Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, etc.) mechanics and payment reset schedules
• Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), MSFTA and GMRA documents
• FINRA Series 7 licensed
• College degree with concentration in finance and business
• Intermediate Microsoft Office skills (Macros, V-Lookups, Tableau, etc.)
• Ability to work in a fast-paced deadline driven environment
• Effective organizational, multi-tasking, and prioritizing skills
• Excellent verbal, written, and interpersonal communication skills
• Extensive knowledge and understanding of loan, securities, and derivative products
• Strong analytical skills with high attention to detail and accuracy

Responsibilities

• Compare trade position files from external counter-parties to resolve timely margin call disputes
• Perform trade decompositions to validate current mark-to-market exposures
• Review and present collateral margin calls and respond to the demands submitted by our counterparties
• Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepancies
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees