About this role:Wells Fargo is seeking a Lead Capital Markets Middle Office Specialist
Supporting Corporate & Investment Banking (CIB) Operations. The successful candidate will be responsible for executing a well-defined assessment program for payment processing spanning global CIB Operations. The individual will collaborate with the business units to assess and evaluate the design and performance of existing controls and processes, identify control gaps and measure the effectiveness of controls in managing operational risk, identify and communicate trends related to the effectiveness of controls, and implement control and process related improvements impacting global CIB Operations. The individual will work with operational risk and control teams at various levels in the organization, including CIB Business Control and Operational Risk, to drive out consistent practices.
In this role, you will:- 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
- Managing, organizing, and tracking risk, control & program initiatives effecting payment processes (Move Money) spanning CIB Operations
- Data gathering/analysis on a larger scale
- Execute reviews/assessments utilizing data analysis to recommend enhancements
- Issue report outs with analyses of the current environment
- Provide insights into trending around increased risk exposure
- Collaborate with risk partners in Audit, Compliance, Operational Risk, and Operations' LOBs to actively manage risk and control initiatives
- Make recommendations for enhancements to existing or new payment processes and or controls to further mitigate risk
- Partner with senior business leaders to rate the control environment
- Summarize key payment risk and control data elements for the Operations team
- Serve as a control consultant for the Operations team as issues arise or new processes are implemented processes are implemented that affect Move Money processes
- Perform ad-hoc control analysis for other CIB Operations teams as required
- Deliver solutions that are long-term, large scale, cross functional and require vision, creativity, and innovation
Required 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
Desired Qualifications:- Extensive knowledge and understanding of payment processes and security movements
- Familiarity with rules and regulations that impact payment and security movement processes
- Best practices/industry standards surrounding payment processes
- Ability to identify risk factors and ensure enactment of appropriate controls
- Advanced Microsoft Office (Outlook, Excel, Word, PowerPoint, MS Teams, and SharePoint) skills
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
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: 16 Mar 2025
*Job posting may come down early due to volume of applicants. We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells 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.
