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- Tasks: Join our London Trade Support team to provide essential trade support across various asset classes.
- Company: Wells Fargo is a leading multinational financial services company based in San Francisco.
- Benefits: Enjoy a dynamic work environment with opportunities for remote work and professional growth.
- Why this job: Be part of a collaborative team that values attention to detail and risk management in finance.
- Qualifications: Ideal candidates have experience in Capital Markets and strong analytical skills, especially in FX and Rates.
- Other info: Flexibility for early morning shifts is required; this role offers a chance to enhance your career in finance.
The predicted salary is between 43200 - 72000 £ per year.
Wells Fargo is currently looking for an experienced Capital Markets Middle Office Specialist to join the London Trade Support team. This team, spanning across various asset classes, provides crucial support to the Front Office and other Middle Office personnel, focusing on Rates, FX, Credit, Repo, and Treasury functions. The role entails close collaboration with the Front Office, Finance, US Documentation, Operations/Settlements teams, ensuring timely booking of all activities, trade enrichment when needed, and preparation for seamless settlement and reporting. Additionally, the position involves active engagement with Sales, Finance, Compliance, Technology, COO Teams, and other Operations and global Middle Office teams on a daily basis. Operating as a control function, the Middle Office demands meticulous attention to detail from all team members to effectively manage risks and adhere to procedures consistently. Given the function's high sensitivity to Operational Risk and Audit, strict adherence to protocols is paramount.
In this role, you will:
- Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.
- Have 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.
- Monitor of daily trading exception reports.
- Monitor 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.
- 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.
- 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:
- Experience in Capital Markets middle office, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Strong academic background and 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.
- 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.
- Experience with systems such as TOMS/OPICS/CALYPSO/GSF/CATALYST/MARKITWIRE.
- Advanced 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.
- 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.
Capital Markets Middle Office Specialist employer: Wells Fargo & Company
Contact Detail:
Wells Fargo & Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Capital Markets Middle Office Specialist
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as TOMS, OPICS, and Markitwire. Having hands-on experience or even a solid understanding of these platforms can set you apart during interviews.
✨Tip Number 2
Network with professionals already working in capital markets or middle office roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could help your application stand out.
✨Tip Number 3
Brush up on your knowledge of trade lifecycles, especially in Rates and FX. Being able to discuss these topics confidently will demonstrate your expertise and readiness for the role.
✨Tip Number 4
Prepare to showcase your attention to detail and problem-solving skills during the interview. Think of examples from your past experiences where you successfully managed discrepancies or improved processes, as these are crucial for the role.
We think you need these skills to ace Capital Markets Middle Office Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Capital Markets and Middle Office functions. Emphasise your knowledge of Rates, FX, Credit, Repo, and Treasury functions, as well as any specific systems like TOMS or OPICS.
Craft a Strong Cover Letter: In your cover letter, demonstrate your understanding of the role and how your skills align with the job requirements. Mention your attention to detail and ability to work under pressure, as these are crucial for this position.
Showcase Relevant Skills: Highlight your analytical skills and experience with tools such as Markitwire, Excel, and VBA. Provide examples of how you've used these skills in previous roles to manage risks and enhance processes.
Proofread Your Application: Before submitting, carefully proofread your application for any errors. A well-presented application reflects your attention to detail, which is essential for the Capital Markets Middle Office Specialist role.
How to prepare for a job interview at Wells Fargo & Company
✨Know Your Capital Markets
Make sure you have a solid understanding of the various asset classes mentioned in the job description, such as Rates, FX, Credit, Repo, and Treasury functions. Brush up on your knowledge of trade lifecycles and be prepared to discuss how these elements interact within the Middle Office.
✨Demonstrate Attention to Detail
Given the role's emphasis on meticulousness, be ready to showcase examples from your past experiences where your attention to detail made a significant impact. Discuss how you ensure accuracy in trade verification and reporting, as this will resonate well with the interviewers.
✨Showcase Your Technical Skills
Familiarise yourself with the systems mentioned in the job description, such as TOMS, OPICS, and Markitwire. Be prepared to discuss your experience with Excel and VBA, as well as any relevant projects where you used these tools to enhance processes or solve problems.
✨Emphasise Team Collaboration
The role requires working closely with various teams across the bank. Share examples of how you've successfully collaborated with others in high-pressure environments, highlighting your interpersonal skills and ability to communicate effectively with different stakeholders.
