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Wells Fargo · 1 day ago

Capital Markets Middle Office Associate - Collateral Management

Charlotte, NC

Full-time

Hybrid

New Grad, Entry Level

0+ years exp

Wells Fargo is seeking a Capital Markets Middle Office Associate to join the Derivative Collateral Management department. In this role, you will be responsible for resolving margin call disputes, validating exposures, and collaborating with various internal departments to ensure accurate collateral management processes.

BankingFinancial ServicesFinTechInsurancePayments

No H1B

Responsibilities

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

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

Qualification

Derivative Collateral ManagementDerivative trading mechanicsFINRA Series 7 licensedCapital Markets experienceMicrosoft Office skillsMulti-tasking skillsAnalytical skillsOrganizational skillsCommunication skills

Required

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

Preferred

Derivative Collateral Management margin experience

Experience working with loan, securities, or derivative products

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

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

FINRA Series 7 licensed

College degree with concentration in finance and business

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

Ability to work in a fast-paced deadline driven environment

Effective organizational, multi-tasking, and prioritizing skills

Excellent verbal, written, and interpersonal communication skills

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

Strong analytical skills with high attention to detail and accuracy