About this role:
Wells Fargo is looking for a Capital Markets Middle Office Specialist to join the London Trade Support team, which covers a variety of asset classes including Rates, FX, Credit, Repo, and Treasury functions. This role involves collaborating closely with the Front Office, Finance, US Documentation, Operations/Settlements teams, ensuring timely booking of all activities, trade enrichment when needed, and facilitating smooth settlement and reporting processes.
The position also entails active engagement with Sales, Finance, Compliance, Technology, COO Teams, and other global Middle Office teams on a daily basis. As part of the control function, it is crucial for team members to operate in a controlled manner to mitigate risks and adhere to procedures consistently. The Middle Office Function places a high emphasis on Operational Risk and Audit sensitivity.
Furthermore, the role includes participation in Front Office projects, process enhancements, and providing support to other Middle Office teams globally, such as in Hong Kong and the US, as necessary. Collaboration with Technology and other Middle Office units is integral for operational efficiency and ongoing improvements.
In this role, you will:
Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.
Good knowledge on Rates/FX/Credit/Repo and Treasury functions
Have a high level of attention to detail to ensure all trades checked before verified on trade date.
Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.
Monitoring of daily trading exception reports.
Monitoring and resolution of OPICS trades that needs repair.
Resolution of trade queries.
Assist with front to back reconciliations.
Assisting treasury desk in Liquidity Management and Funding.
Work closely with Settlements/Payments functions.
Liaise with Risk and Product Control Departments to resolve any discrepancies between Middle Office and other reports produced elsewhere.
Client Derivatives Documentation coordination.
Participation in system upgrades / testing.
Team player and must show flexibility for working early morning shifts.
Ability to work with team members and business partners across the bank.
Project work/Ad hoc management requests.
Enhancement of the control framework around the daily processes.
Maintenance and enhancement of governance documents (e.g. Process flows and procedures).
Act as the link between business requirements and technology solutions.
Fact finding for any Issue and help escalation to Management.
Ensure all Initiatives are captured on the teams BOW and is updates at all times.
Required Qualifications:
Candidates must have a strong academic background and a minimum of 2 years' experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions.
Solid understanding of FX given the close collaboration with sales and trading in managing trade amendments and cancellations.
Ability to work with the settlements team for activities related to trade amendments to facilitate settlement of the trade.
Ability to monitor exceptions to the trade flow cycle in the FX processing system of records. The team also runs a variety of reporting related to FX trades and activities.
Participate in lifecycle support tasks for FX trades and identify opportunity for process improvements.
Excellent Markitwire experience essential, the ability to build a ticket from scratch and enrich where appropriate.
They must be analytical with strong verbal and written communication skills.
Good understanding of trade lifecycle across the Rates and FX (including NFD Fixings)
An excellent understanding of life cycle knowledge of Cash Securities and OTC products (CDS).
Good Settlement knowledge across DTC, Fed, E/C and Clearstream.
Ability to work across multiple regions.
Must have the experience with systems such as TOMS/OPICS/CALYPSO/GSF/CATALYST/MARKITWIRE
Must have advance Excel and VBA experience.
Confident and the ability to work under pressure of a trading floor and deliver on strict deadlines.
Good interpersonal and networking skills to help close out issues.
Experience of change management.
High level of attention to detail
Ability to operate and enhance the team to work in a highly controlled manner and ensuring all processes/procedures are documented.
Be proactive and the ability to take ownership and lead initiatives/projects to close.
Team Player with good communication skills and demonstrate a high level of transparency towards working as one strong team.
Posting End Date:
17 Jul 2025
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-drug-and-alcohol-policy) to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Req Number: R-468306
