At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. 

About this role:

Wells Fargo is seeking a Lead Capital Markets Middle Office Specialist to support our Structure Products Group (SPG) Residential Mortgage Backed Securities trading platform as part of Corporate and Investment Banking.

The candidate will interact closely with multiple business partners including Trading, Sales, Finance, Technology, Compliance, Auditors, MBS Allocations, Business Managers, Project Managers, and our internal TRACE reporting group. The candidate will also work with external counterparties, including government housing agencies (Ginnie Mae, Freddie Mac, and Fannie Mae), in confirming new Issue requests, exchanges, and assuring trades settle appropriately. This individual will be responsible for a variety of day to day tasks, as well as ad hoc requests and project work.

In this role, you will:

• Conduct real time P&L for all ABF trading desks.
• Monitor various real time risk indicators such as trade & position blotters, 5Y & 10Y duration, trading & position PNL, to ensure trading desk risk is accurate.
• Make sure securities are properly built by assembling product build sheets for internal CUSIP setup, deals are properly booked, and coordinates with settlements to ensure each deal settles on day of settlement
• Audit requests from regulators by pulling relevant data or reaching out to technology teams to assist in the gathering of data that is then passed along to upper management for review.
• Lead and implement complex initiatives of profit and loss generation and attribution
• Participate in cross functional planning Capital Markets Middle Office
• Review and analyze complex products that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
• Review, research and resolve trade issues
• Facilitate resolutions for complex trade related issues
• Collaborate and consult with peers, colleagues and senior managers to resolve trade issues
• Serve as a subject matter expert and mentor analysts

Required Qualifications, US:

• 5 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 experience in either a middle office/risk role and/or equivalent experience in supporting Residential Mortgage Backed Securities trading platforms
• Extensive experience with profit and loss attribution
• Strong understanding of RMBS Pass-Through bonds pricing and risk
• Operational experience with complicated transactions preferably within Middle Office
• Strong understanding of New Issue Bonds, Resecuritization, Deal Structuring, OTC activities and FINRA (Trace).
• Ability to prioritize while multi-tasking and think outside the box with an ability to work in a fast-paced environment
• Strong in Microsoft Office applications including Excel, Access, and VBA.
• Experience with trading applications such as Bloomberg, Calypso, and Broadridge is strongly preferred.
• Graduate work and/or other professional designations (MBA, CFA, FRM) is preferred

Job Expectations:

• Monday - Friday, 7:00am to 6:30pm

Corporate & Investment Banking (“CIB”) delivers a comprehensive suite of capital markets, banking, and financial products and services. As a trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

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.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.