Capital Markets Middle Office Specialist - Collateral Management (AVP/SAVP)

About this role:

The Corporate Investment Bank (CIB) Collateral Management department supports the collateralization of the derivative, repurchase agreement (repo), forward, TBA Agency MBS, and foreign exchange (FX) businesses of Wells Fargo.  This group is global with teams across London, Singapore, Hong Kong, India, and the US. The teams support nearly 50,000 clients across all businesses product lines, and multiple legal entities. Wells Fargo Collateral Management actions approximately 900 margin calls daily and is responsible for the settlement and front to back management of the collateral for those clients.

In this role, you will:

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

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

• Be the main point of communication between Wells Fargo and its client base

• Be the first point of escalation for any client/ internal queries

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

• Work with internal departments (various Middle Office and Front Office teams, Documentation, Marketers, Legal, Credit) to resolve all discrepancies

• Work with internal stakeholders for document negotiation

• Produce and distribute ad-hoc reporting requirements to clients and internal partners

• Cross-train future staff members to assist and independently perform daily Derivative Collateral Management margin responsibilities

• Consistently seek opportunities to improve processes, controls and procedures within the Collateral Management team

• Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing

Team members 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.

Required Qualifications:

• 4+ 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:

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

• 3+ years of Collateral management experience

• Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), IM CSA, MSFTA, MRA and GMRA documents

• SWIFT MT and MX formatting knowledge

• Securities settlement knowledge (FED, DTC, Clearstream)

• Deep understanding of OTC, REPO, IM and Exchange margin flows

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

• Experience working in a team which is global

• Highly motivated team player with effective organizational, multi-tasking, and prioritizing skills

• Excellent verbal, written, and interpersonal communication skills with self-discipline follow up skills

• Extensive knowledge and understanding of loan, securities, and derivative products

• Intermediate Microsoft Office skills (Macros, V-Lookups, Tableau, etc)

• Strong analytical skills with high attention to detail and accuracy

• Strong client services skills

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

• Firm understanding of derivative trading (Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, etc.) mechanics and payment reset schedules

• Detail orientated with strong sense of control

• Excellent communication and interpersonal skills with strong analytical/problem solving skills

• Experience with Lombard Risk’s Colline Collateral Management platform is a plus

• Japanese language proficiency is a plus, but not a requirement

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.