Senior Capital Markets Middle Office Specialist

Wells Fargo & Company•Charlotte, NC

3d•Hybrid

About The Position

Wells Fargo is seeking a Senior Capital Markets Middle Office Specialist within the Mortgage-Backed Securities team as a part of Corporate Investment Banking Operations. This Middle Office role supports the Residential Mortgage-Backed Securities (RMBS) Pass-Through Sales & Trading business, providing operational oversight and trade support across the transaction lifecycle. Initial responsibilities include managing Fixed Income Clearing Corporation (FICC) activities and the Assignment of Trade (AOT) process, including Real-Time Trade Matching (RTTM), trade comparison, and netting functions. In this role, you will support the full lifecycle of the To-Be-Announced (TBA) Mortgage-Backed Securities (MBS) market, with the opportunity to develop expertise in increasingly complex functions, including TBA allocations, position reconciliation, pair-offs, and trade settlement activities. You will process and manage TBA and MBS pool transactions, including assignments, allocations, pair-offs, and netting activities, ensuring accuracy and timely execution. You will reconcile trading positions across front-, middle-, and back-office platforms to ensure trade integrity and resolve discrepancies. You will monitor and ensure timely trade settlement, investigating and resolving settlement exceptions, fails, and operational breaks. You will utilize trading and operational platforms including Catalyst, MBS Expert, Broadridge/Impact, FICC, and other internal systems to support daily trade processing and operational workflows. You will confirm trades across front-to-back systems and partner with internal teams to resolve trade discrepancies and operational issues. You will collaborate closely with Sales & Trading, Operations, clients, and support partners to escalate issues, improve processes, and maintain efficient trade execution and settlement. You will participate in risk management and control activities, including risk assessments, identification of control gaps, and implementation of process improvements and corrective actions. You will analyze operational and trading data to identify exceptions, root causes, and opportunities for increased efficiency and risk reduction. You will maintain a strong understanding of fixed-income products, mortgage-backed securities (MBS), and trade processing workflows to support daily business activities. You will contribute to continuous process improvement initiatives, enhancing operational controls and supporting scalable business growth.

Requirements

4+ 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

4+ years of Securities Operations experience
Knowledge and Understanding of the Fixed-Income markets, Trade Processing and Mortgage-Backed Securities
Experience with trade settlement, reconciliations, and operational support functions within a financial services environment
Ability to perform with a high degree of accuracy and attention to detail in a fast-paced, deadline-driven environment, while supporting the operational demands of an RMBS Trading desk
Ability to build and maintain effective working relationships with Trading, Sales, Finance, Operations, and other key business partners to support trade execution, settlement, and issue resolution
Analyze complex issues and make timely, sound decisions, including the resolution of customer inquiries, trade exceptions, system-related challenges, and business unit escalations
Advanced proficiency in Microsoft 365 applications, including Excel, Word, PowerPoint, Outlook, and Teams; experience leveraging these tools for reporting, analysis, documentation, and collaboration

Responsibilities

Manage Fixed Income Clearing Corporation (FICC) activities and the Assignment of Trade (AOT) process, including Real-Time Trade Matching (RTTM), trade comparison, and netting functions.
Support the full lifecycle of the To-Be-Announced (TBA) Mortgage-Backed Securities (MBS) market, including TBA allocations, position reconciliation, pair-offs, and trade settlement activities.
Process and manage TBA and MBS pool transactions, including assignments, allocations, pair-offs, and netting activities, ensuring accuracy and timely execution.
Reconcile trading positions across front-, middle-, and back-office platforms to ensure trade integrity and resolve discrepancies.
Monitor and ensure timely trade settlement, investigating and resolving settlement exceptions, fails, and operational breaks.
Utilize trading and operational platforms including Catalyst, MBS Expert, Broadridge/Impact, FICC, and other internal systems to support daily trade processing and operational workflows.
Confirm trades across front-to-back systems and partner with internal teams to resolve trade discrepancies and operational issues.
Collaborate closely with Sales & Trading, Operations, clients, and support partners to escalate issues, improve processes, and maintain efficient trade execution and settlement.
Participate in risk management and control activities, including risk assessments, identification of control gaps, and implementation of process improvements and corrective actions.
Analyze operational and trading data to identify exceptions, root causes, and opportunities for increased efficiency and risk reduction.
Maintain a strong understanding of fixed-income products, mortgage-backed securities (MBS), and trade processing workflows to support daily business activities.
Contribute to continuous process improvement initiatives, enhancing operational controls and supporting scalable business growth.