Senior Capital Markets Middle Office Specialist – FCM Cash & Collateral

Wells Fargo • Charlotte, NC

2d • Hybrid

About The Position

Wells Fargo is seeking a Senior Capital Markets Middle Office Specialist on the FCM Cash and Collateral team within Corporate Investment Banking Operations. The role manages daily cash and collateral activities for the Futures Commission Merchant business across Futures, Options, and Cleared Swaps, including cash positions, bank activity, FX settlements, funding requirements, and liquidity needs. It oversees high-value movements and collateral requirements, resolves operational breaks and exceptions, prepares reporting, and manages clearing-related change initiatives.

The position also supports audits, regulatory reviews, and compliance activities, and contributes to initiatives to strengthen cash management, collateral operations, liquidity management, and operational performance. Employees are accountable for adhering to applicable risk and compliance programs, policies, and procedures, proactively monitoring and escalating issues, and making sound risk decisions.

The role has a hybrid schedule and requires willingness to work onsite at the stated location in Charlotte, North Carolina, as well as additional hours as needed. It is not eligible for visa sponsorship and is subject to FINRA background screening and ongoing regulatory requirements.

Requirements

• 4+ years of Capital Markets industry experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination thereof.
• Ability to work a hybrid schedule and willingness to work onsite at the stated location.
• Ability to work additional hours as needed.
• Successful completion and clearance of a background check and compliance with ongoing regulatory requirements.

Nice To Haves

• Strong knowledge of Capital Markets, Middle Office Operations, Funding, Cash Management, and Collateral Management.
• Experience supporting Futures, OTC Derivatives, and other capital markets products, with an understanding of associated trade lifecycle and operational processes.
• Experience managing complex cash and collateral functions, including liquidity forecasting, cash flow analysis, funding, margin, and collateral management activities.
• Knowledge of industry regulations and reporting requirements, including CFTC, CME, client protection rules, and SWIFT standards.
• Proficiency with GMI; experience with Broadridge and cash/collateral management platforms is preferred.
• Advanced analytical, problem-solving, and organizational skills, with strong attention to detail and accuracy.
• Advanced Microsoft Excel and MS Office skills, including financial analysis, reporting, and modeling capabilities.
• Excellent verbal, written, and interpersonal communication skills, with the ability to effectively present information to stakeholders at all levels.
• Ability to manage multiple priorities in a fast-paced environment while adapting quickly to evolving systems, processes, and regulatory requirements.

Responsibilities

• Manage daily cash and collateral activities for the FCM business across Futures, Options, and Cleared Swaps, including monitoring cash positions, bank activity, FX settlements, funding requirements, and liquidity needs.
• Oversee high-value cash and collateral movements, ensuring timely and accurate processing of funding, securities transfers, and settlement activity.
• Manage collateral requirements across cleared derivatives products and tri-party arrangements, including variation margin, initial margin, and independent amount processes.
• Investigate and resolve reconciliation breaks, funding discrepancies, settlement exceptions, and other operational issues.
• Prepare exchange reports and other operational, funding, and collateral reporting for business partners, stakeholders, and leadership.
• Manage CCP and clearing-related change initiatives that impact the FCM Cash and Collateral Management team.
• Support audits, regulatory reviews, and compliance activities, ensuring adherence to internal controls and policies.
• Contribute to strategic initiatives focused on strengthening cash management, collateral operations, liquidity management, and overall operational performance.
• Follow applicable risk programs, policies, and procedures; fulfill risk and compliance obligations; and escalate and remediate issues in a timely and effective manner.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed