Capital Markets Middle Office Specialist

Wells Fargo Bank • Charlotte, NC

1d • Hybrid

About The Position

Wells Fargo is seeking a Capital Markets Middle Office Specialist within the Wholesale Operations team as a part of Corporate Investment Banking Operations. This Middle Office role will be responsible for supporting the Residential Mortgage-Backed Securities (RMBS) Pass-through Sales & Trading business. The initial responsibilities primarily combine managing the Fixed Income Clearing Corporation (FICC) and Assignment of Trade (AOT) processes, including Real-Time Trade Matching (RTTM) and netting.

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

Nice To Haves

• 2+ years of Securities Operations experience
• Knowledge and Understanding of the Fixed-Income markets, Trade Processing and Mortgage-Backed Securities
• Experience communicating with Trading, Sales, Finance, Back Office, and other business partners
• Able to make timely decisions in resolving difficult problems including customer disputes, system issues, and business unit inquiries
• Execute precisely in a fast-paced, stressful environment according to the demands of the RMBS Trading desk
• Strong analytical, communication, organization, and problem-solving skills
• Demonstrate flexibility, sound judgment, business ethics, and the ability to multi-task
• In-depth Microsoft 365 application knowledge is also a benefit

Responsibilities

• Utilize the Front Office Trading System (Catalyst), MBS Expert, Broadridge/Impact, FICC, along with other applications to accomplish daily functions
• Gradually learn more complex aspects of the lifecycle of the To Be Announced (TBA) market, including TBA Allocations, reconciling trading positions, pair offs, and ensuring timely settlement of trades
• Collaborate with other team members, Sales & Trading, clients, and various support partners to escalate issues and ensure efficient operations
• Provide information to managers and the Capital Markets Middle Office
• Trade Processing: Assignments, allocations, pair offs, netting transactions related to TBAs and MBS pools
• Reconciliation: Ensuring trades are confirmed in front to back systems, liaising with various teams
• Settlement and Fails Management: Coordinating settlement and investigating exceptions
• Risk Management and Control: Participating in risk assessment, identifying control gaps, and implanting solutions

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