Capital Markets Middle Office Associate

Wells Fargo & Company; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a dedicated Capital Markets professional to join their London Trade Support team. This role emphasizes collaboration and meticulous attention to detail, ensuring smooth operations across various financial functions including FX, Rates, and Treasury. You'll be responsible for trade support, reporting, and liaising with multiple teams to enhance processes and manage risks effectively. If you're passionate about finance and thrive in a dynamic environment, this opportunity offers a chance to make a significant impact while developing your career in capital markets.

Qualifications

• Experience in FX/Rates Cash Securities and OTC Derivatives Middle Office.
• Strong analytical skills and attention to detail are essential.
• Ability to work under pressure in a trading environment.

Responsibilities

• Provide full trade support cover for all traders/sales teams.
• Monitor daily trading exception reports and resolve trade queries.
• Assist with front to back reconciliations and liquidity management.

Skills

FX/Rates Cash Securities

OTC Derivatives Middle Office

Attention to Detail

Analytical Skills

Communication Skills

Markitwire

Settlement Knowledge

Change Management

Teamwork

Education

Strong Academic Background

Tools

TOMS

OPICS

CALYPSO

GSF

CATALYST

MARKITWIRE

Excel

VBA

Job description

About this role:

Wells Fargo is looking for an associate-level Capital Markets professional to join the London Trade Support team. This team specializes in a cross-asset class, offering vital support to Front Office and Middle Office staff across Rates, FX, Credit, Repo, and Treasury functions.

Collaboration plays a pivotal role in this position, with team members closely working with Front Office, Finance, US Documentation, and Operations/Settlements teams on a daily basis. The primary responsibilities include ensuring timely booking of activities, performing trade enrichment for smooth settlement, and detailed reporting. Additionally, the role involves coordinating with Sales, Finance, Compliance, Technology, COO Teams, and global Middle Office teams regularly.

Operating within the Middle Office Function requires meticulous attention to detail and adherence to procedures to effectively manage risks. The team operates in a controlled manner, acknowledging the importance of Operational Risk and Audit protocols.

Beyond core duties, the role includes collaborating with Technology and global Middle Office teams on Front Office projects and process improvements. Flexibility is key as the position may require covering other Middle Office teams in locations like Hong Kong and the US when needed.

If you excel in roles that emphasize attention to detail and teamwork, this dynamic opportunity could be the perfect fit for you.

In this role, you will:

• Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures.

• Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.

• Monitor daily trading exception reports.

• Monitoring and resolution of OPICS trades that needs repair.

• Resolve 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.

• Work with the settlements team for activities related to trade amendments to facilitate settlement of the trade and monitor exceptions to the trade flow cycle in the FX processing system of records.

• 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.

Required Qualifications:

• Candidates must have a strong academic background and 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.

• 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.

• 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.

• Experience in Capital Markets middle office, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Posting End Date:

23 May 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 .

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.