Career Development Program: Capital Markets Middle Office Associate

Career Development Program, in support of the OneTen Coalition 

Wells Fargo joined OneTen, an organization that aims to close the opportunity gap for underrepresented talent and others who do not have a four-year degree.  Wells Fargo, partnering with OneTen and other coalition members, provides entry- to mid-level hiring opportunities, hiring candidates into jobs that offer career development, create opportunities to earn success, and ignite potential for generations to come.  

The Career Development Program, an in-house, skills-based program that directly supports our partnership with OneTen, targets roles requiring less than 5 years of experience with low risk of automation.  

Learn more about our program at Career Development Program.  

About these roles: 

Wells Fargo is seeking Capital Market Middle Office Associates for the Chief Operating Office business group in the teams listed below, located in Charlotte, North Carolina. Learn more about the career areas and lines of business at wellsfargojobs.com/en/business-divisions. 

In this role, you may:   

• Participate in research and resolution of issues including, profit and loss generation, profit and loss attribution and trade capture.

• Identify opportunities to resolve complex confirmation and related trade issues.

• Review tactical business challenges related to complex derivative products.

• Receive direction from manager and exercise independent judgement while developing an understanding of procedures.

• Compare trade position files from external counter-parties to resolve timely margin call disputes

• Perform trade decompositions to validate current mark-to-market exposures

• Review and present collateral margin calls and respond to the demands submitted by our counterparties

• Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepancies

• Provide information to managers and the Capital Markets Middle Office

Required Qualifications: 

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

Desired Qualifications: 

COO Transactions & Processing team is seeking (2) Capital Markets Middle Office Associates with the following skills:

• Experience in the financial services industry

• Experience with operational and client account onboarding

• Experience with Agile Methodology

• Experience with Project Management

• Familiarity or understanding of financial markets (stock, foreign exchange)

• Familiarity or understanding of Information Security and/or User Access

• Familiarity or understanding of derivative products and with drafting OTC Confirmation experience

• Excellent verbal, written, and interpersonal communication skills

• Effective organizational, multi tasking, and prioritizing skills

• Ability to work in a fast-paced deadline driven environment

• Strong analytical skills with high attention to detail and accuracy

• Proficient Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

COO Transactions & Processing team is seeking a Capital Market Middle Associate with the following skills:

• Strong client services skills

• Experience in the financial services industry

• Understanding of Calypso, Imagine/Mercury, Opics, Endur, CDBO and other mainframe trading systems

• Self-starter and aggressive work ethic with self-discipline follow up skills

• Tableau and SQL

• Familiarity with Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, mechanics and payment reset schedules is a plus

• Familiarity with interpreting executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), MSFTA and GMRA documents is a plus

Job Expectations:  

• Initial onboarding requirement is 5 days in office.

• Must be able to work a hybrid schedule (in office a minimum of 3 days per week).

• Flexibility with schedule based on work demands.

• This position is not eligible for Visa sponsorship

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