Lead Capital Markets Middle Office Specialist

Wells Fargo•Irving, TX

12d•Hybrid

About The Position

This position supports the Futures Commission Merchant (FCM) business in Wells Fargo’s Corporate & Investment Banking division and Global Operations. The role is part of the FCM Operations Clearing team, which handles reconciliations, deliveries, trade capture, and related processes for exchange-traded derivatives, including futures, options on futures, interest rate swaps, and credit default swaps. The position processes daily derivative lifecycle events at clearinghouses and in the firm’s books and records systems accurately and on time. The specialist performs daily reconciliations, delivery processing, trade capture, allocations, exception resolution, and non-trade activity processing, including option expirations, transfers, deliveries, compressions, and closeout instructions, while mitigating associated risk. The role builds working relationships with FCM Client Service, Sales, Fees and Brokerage teams, clients, middle office, traders, and outside vendors. It also involves analyzing complex products and trade issues, leading initiatives related to profit and loss generation and attribution, and serving as a subject matter expert and mentor to analysts. The position requires a flexible schedule and a hybrid, on-site work arrangement. Fully remote work is not available, and relocation assistance is not offered. The position is not eligible for visa sponsorship.

Requirements

5+ years of Capital Markets industry experience, or equivalent demonstrated through work experience, training, military experience, or education.
Ability to work a flexible schedule.
Ability to work on site in a hybrid role.
Must commit to relocation within an agreed-upon timeframe if not located in a location listed on the posting.

Nice To Haves

3+ years of experience utilizing FIS GMI, Clearvision, or Cleared Derivatives processing systems.
3+ years of experience working with cleared OTC products.
3+ years of FCM operations and/or project implementation experience.
Working knowledge of CME Group, ICE, LCH, OCC, or other comparable clearinghouse systems.
Advanced knowledge of trade processing lifecycle.
Leadership experience including coaching, training, and mentoring.

Responsibilities

Lead and implement complex initiatives of profit and loss generation and attribution.
Participate in cross-functional planning for Capital Markets Middle Office.
Review and analyze complex products requiring in-depth evaluation of multiple factors, including intangible or unprecedented factors.
Review, research, and resolve trade issues.
Facilitate resolutions for complex trade-related issues.
Collaborate and consult with peers, colleagues, and senior managers to resolve trade issues.
Serve as a subject matter expert and mentor analysts.
Perform daily reconciliations, delivery processing, trade capture, allocations, and exception resolution.
Process non-trade activity, including option expirations, transfers, deliveries, compressions, and closeout instructions.
Process derivative lifecycle events at clearinghouses and within the firm’s books and records system accurately and promptly.
Mitigate risk associated with daily processes.
Build and foster relationships with FCM Client Service, Sales, Fees and Brokerage teams, clients, middle office, traders, and outside vendors.