Wells Fargo is looking for an experienced Capital Markets Middle Office Specialist to join the London trade support team on a fixed-term contract basis. This role is within a Cross Asset class team that provides support for Front Office and other Middle Office personnel dealing with Rates, FX, Credit, Repo, and Treasury functions.
Responsibilities include ensuring timely booking of all activities, performing trade enrichment as needed for smooth settlement and reporting, and collaborating closely with Front Office, Finance, US Documentation, Operations/Settlements teams, Sales, Compliance, Technology, COO Teams, and other global Middle Office teams on a daily basis.
The Middle Office Function emphasizes control and risk management, requiring all team members to follow procedures diligently. Operational Risk and Audit compliance are key aspects of the role. Additionally, there are opportunities to engage in Front Office projects and process enhancements with Technology and global Middle Office teams, covering other Middle Office teams in HK/US when necessary.
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 5 years’ experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions.
- 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.
- The ability to operate and enhance the team to work in a highly controlled manner and ensuring all processes/procedures are documented.
- 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.
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