Career Development Program, in support of the OneTen Coalition 

Wells Fargo joined OneTen, an organization that aims to close the opportunity gap for underrepresented talent and others who do not have a four-year degree.  Wells Fargo, partnering with OneTen and other coalition members, provides entry- to mid-level hiring opportunities, hiring candidates into jobs that offer career development, create opportunities to earn success, and ignite potential for generations to come.  

The Career Development Program, an in-house, skills-based program that directly supports our partnership with OneTen, targets roles requiring less than 5 years of experience with low risk of automation.  

Learn more about our program at Career Development Program.  

About these roles: 

Wells Fargo is seeking Capital Market Middle Office Associates for the Chief Operating Office business group in the teams listed below, located in Charlotte, North Carolina. Learn more about the career areas and lines of business at wellsfargojobs.com/en/business-divisions. 

In this role, you may:   

Participate in research and resolution of issues including, profit and loss generation, profit and loss attribution and trade capture.

Identify opportunities to resolve complex confirmation and related trade issues.

Review tactical business challenges related to complex derivative products.

Receive direction from manager and exercise independent judgement while developing an understanding of procedures.

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

Provide information to managers and the Capital Markets Middle Office

Required Qualifications: 

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

Desired Qualifications: 

COO Transactions & Processing team is seeking (2) Capital Markets Middle Office Associates with the following skills:

Experience in the financial services industry

Experience with operational and client account onboarding

Experience with Agile Methodology

Experience with Project Management

Familiarity or understanding of financial markets (stock, foreign exchange)

Familiarity or understanding of Information Security and/or User Access

Familiarity or understanding of derivative products and with drafting OTC Confirmation experience

Excellent verbal, written, and interpersonal communication skills

Effective organizational, multi tasking, and prioritizing skills

Ability to work in a fast-paced deadline driven environment

Strong analytical skills with high attention to detail and accuracy

Proficient Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

COO Transactions & Processing team is seeking a Capital Market Middle Associate with the following skills:

Strong client services skills

Experience in the financial services industry

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

Self-starter and aggressive work ethic with self-discipline follow up skills

Tableau and SQL

Familiarity with Interest Rate Swaps, Swaptions, Floors, Caps, Commodities Cross-currency, FX, Equity, mechanics and payment reset schedules is a plus

Familiarity with interpreting executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA), MSFTA and GMRA documents is a plus

Job Expectations:  

Initial onboarding requirement is 5 days in office.

Must be able to work a hybrid schedule (in office a minimum of 3 days per week).

Flexibility with schedule based on work demands.

This position is not eligible for Visa sponsorship

Pay

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$28.85 - $41.11

For information about Wells Fargo’s employee benefits, please visit Benefits - Wells Fargo Careers. 

Wells Fargo only considers candidates who are presently authorized to work for any employer in the United States and who do not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States. 

#CareerDevelopmentProgram 

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.

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.