Capital Markets Middle Office Specialist – Commodities

Wells Fargo • Charlotte, NC

2d • Hybrid

About The Position

About this role: Wells Fargo is seeking a Capital Markets Middle Office Specialist within the Commodities team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com. This role includes extensive Profit and Loss (PNL) reporting and life-cycle management of the energy & commodity suite including natural gas, crude, power, agriculture, and metals. In this role, you will: Daily trading profit & loss reporting and analysis/attribution, trade capture, systems, market data management, physical commodities scheduling and risk management responsible for all middle office support functions for the Commodity Middle Office related to the financial and physical commodities trading desk Support physical commodities, futures, swaps, options, swaptions and structured products traded on the exchange as well as OTC Report end of day PNL, manage any new trades on a daily basis and all existing trades through their lifecycle events as well as scheduling physical commodities on EBB's, pipelines, etc. Communicate with staff on the trading desk, sales, operations, technology, finance, risk, documentation, legal, audit and various other business partners within the bank Risk analysis and the production of risk reports using established procedures and guidelines will be a daily function of the position Project and Initiative work writing business requirement documentation on as needed basis Process and procedure creation and maintenance in formal system and desk procedures

Requirements

• 2+ years 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 a hybrid schedule
• Willingness to work on-site at stated location on the job opening
• Ability to work additional hours as needed
• 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

• 2+ years in a middle office P&L analyst role with an energy major and/or bank that's heavily engaged in energy trading
• Experience with both physical and financial derivative products
• Strong analytical skills and effective communicator
• Strong Microsoft Excel skills and comfortable consuming big data and articulate what that data represents
• 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
• Intermediate Microsoft Office skills

Responsibilities

• Daily trading profit & loss reporting and analysis/attribution
• Trade capture, systems, market data management, physical commodities scheduling and risk management responsible for all middle office support functions for the Commodity Middle Office related to the financial and physical commodities trading desk
• Support physical commodities, futures, swaps, options, swaptions and structured products traded on the exchange as well as OTC
• Report end of day PNL, manage any new trades on a daily basis and all existing trades through their lifecycle events as well as scheduling physical commodities on EBB's, pipelines, etc.
• Communicate with staff on the trading desk, sales, operations, technology, finance, risk, documentation, legal, audit and various other business partners within the bank
• Risk analysis and the production of risk reports using established procedures and guidelines will be a daily function of the position
• Project and Initiative work writing business requirement documentation on as needed basis
• Process and procedure creation and maintenance in formal system and desk procedures

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees