About this role:

Wells Fargo is seeking a Capital Markets Middle Office Specialist to support the Futures Commission Merchant (FCM) business in the Corporate & Investment Banking division of Wells Fargo Global Operations. The candidate will be a member of the FCM Operations Clearing team primarily responsible for reconciliations and deliveries, while also providing cross-functional support for trade capture and related processes for exchange-traded derivatives (including futures, options on futures, interest rate swaps, and credit default swaps). Primary responsibilities include reconciling all daily derivative activity and lifecycle events at the clearinghouses with the firm’s books and records system to identify and help resolve breaks in an accurate and timely manner.

This individual will be responsible for performing daily processes including reconciliations, delivery processing, trade capture, allocations, exception resolution, and processing of non-trade activity (option expirations, transfers, deliveries, compressions, closeout instructions, etc.) as well as mitigating risk associated with such processes. They will foster relationships with FCM Client Service, Sales, Fees and Brokerage teams as well as clients, middle office, traders and outside vendors to effectively accomplish the team’s goals. The applicant must be able to filter and synthesize detailed information, as well as understand system processes and workflows.

In this role, you will:

• Ensure timely and accurate completion of exchange-facing reconciliations and processing of all daily derivative lifecycle events, including option expiration, clearing, allocations, compressions, transfers, and break resolution.
• Identify opportunities to resolve complex confirmation and related trade issues
• Analyze tactical business challenges related to complex derivative products and exercise independent judgment to guide the deliverable
• Present recommendations for resolving derivative issues
• Provide information to managers and the Capital Markets Middle Office

Required Qualifications:

• 2+ years of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience performing complex, high-volume reconciliations.
• Experience utilizing the Intellimatch, FIS GMI, Clearvision, or Cleared Derivatives processing systems.
• Experience working with cleared OTC products
• FCM operations and/or project implementation experience
• Advanced knowledge of trade processing life-cycle
• Working knowledge of the CME Group, ICE, LCH, OCC or other comparable clearinghouse systems.

Job Expectations:

• Ability to work a flexible schedule, regular work hours between 7AM - 6PM depending on coverage.
• Work at the posted location below on a hybrid schedule of three (3) days in office and two (2) days from home.
• Office location: 550 S Tryon St, CHARLOTTE, NC 28202

Posting End Date:

*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.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our 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.