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Middle Office Analyst

London, England,
Company: Wells Fargo
Category: Business and Financial Operations Occupations
Published 3 days ago

Job Details

About this role:

The London Trade Support team is a Cross Asset class team that supports Front Office and other Middle Office staff with Rates/FX/Credit/Repo and Treasury functions.

They work closely with Front Office, Finance and the US Documentation and Operations/Settlements teams on a daily basis. The role requires making sure all activity is booked in a timely manner, performing trade enrichment where necessary, ready for good settlement and reporting. The role also includes working closely with the Sales, Finance, Compliance, and Technology, COO Teams and other Operations and global Middle Office teams on a daily basis.

The Middle Office Function is a control function and it is imperative that all team members' work in a controlled manner to manage risk and follow procedure at all times. We are a function that is very sensitive to Operational Risk and Audit.

They will also work with Technology and other Middle Office teams globally on Front Office projects and process improvements and cover other MO teams (HK/US) if/when required.

In this role, you will:
  • Provide full trade support cover for all traders/sales teams in a controlled manner by following all MO procedures
  • 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.
  • Intra-day Risk and P&L reporting, investigation of discrepancies between reported and posted P&L.
  • Monitoring of daily trading exception reports
  • Monitoring and resolution of OPICS trades that needs repair
  • Resolution of 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
Required Qualifications, International:
  • Candidates must have a strong academic background and experience in FX/Rates Cash Securities and OTC Derivatives Middle Office including Treasury functions.
  • 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
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, or status as a protected veteran.

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.

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Job offer: Middle Office Analyst

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