Senior Capital Markets Middle Office Specialist – FCM Cash & Collateral

Wells Fargo Bank • Charlotte, NC

1d • 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 activity for the Futures Commission Merchant business across Futures, Options, and Cleared Swaps, with responsibility for cash positions, bank activity, FX settlements, funding requirements, liquidity needs, collateral movements, and settlement processing. It also supports reporting, operational issue resolution, change initiatives, audits, regulatory reviews, compliance, and strategic improvements to cash, collateral, and liquidity operations.

The position is based at 550 S Tryon St, Charlotte, NC 28202, and requires a hybrid schedule with on-site work at the stated location. Additional hours may be needed. This position is not eligible for visa sponsorship and is subject to FINRA background-screening and ongoing regulatory requirements. Employees are expected to follow Wells Fargo risk and compliance policies, controls, and escalation requirements.

Requirements

• At least 4 years of Capital Markets industry experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination.
• 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 related trade lifecycles 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.
• 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.
• Excellent verbal, written, and interpersonal communication skills, including the ability to present information effectively to stakeholders at all levels.
• Ability to manage multiple priorities in a fast-paced environment and adapt to evolving systems, processes, and regulatory requirements.
• Ability to work a hybrid schedule and on-site at the stated location.
• Ability to work additional hours as needed.
• Successful completion and clearance of a background check, and compliance with applicable ongoing regulatory requirements.

Nice To Haves

• Experience with Broadridge and cash/collateral management platforms.

Responsibilities

• Manage daily FCM cash and collateral activities across Futures, Options, and Cleared Swaps, including cash positions, bank activity, FX settlements, funding requirements, and liquidity needs.
• Oversee high-value cash and collateral movements, ensuring timely and accurate funding, securities transfers, and settlement activity.
• Manage collateral requirements for cleared derivatives 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 reports for business partners, stakeholders, and leadership.
• Manage CCP and clearing-related change initiatives that affect 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 to strengthen cash management, collateral operations, liquidity management, and overall operational performance.
• Execute applicable risk programs, follow Wells Fargo policies and procedures, fulfill risk and compliance obligations, escalate and remediate issues, and make sound risk decisions.

What This Job Offers

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