About this role:

Wells Fargo is seeking a Capital Markets Middle Office Associate within the Collateral Management team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

The Collateral Management team supports the collateralization of derivatives, repurchase agreements (repo), forwards, TBA Agency MBS, and foreign exchange (FX) transactions. This global function, primarily based in Charlotte, serves nearly 50,000 clients across multiple product lines and legal entities. The team is responsible for the end-to-end collateral lifecycle, including daily margin call processing (approximately 900 calls per day), settlement, and front-to-back management. This role ensures accurate, timely execution and risk mitigation across a high-volume, complex client portfolio.

In this role, you will:

• Compare trade position files from external counterparties to resolve margin call disputes in a timely fashion
• Perform trade decompositions to validate current mark-to-market exposures
• Review and process collateral margin calls and respond to the demands submitted by our counterparties
• Work with internal departments (various Middle Office and Front Office teams, Documentation, Marketers, Legal, Credit) to resolve all discrepancies
• Produce and distribute ad-hoc reporting requirements to clients and internal partners
• Crosstrain 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

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:

• Firm understanding of derivative trading across asset classes (Interest Rate Swaps, Swaptions, Caps/Floors, Commodities, Cross-Currency, FX, and Equity)
• Strong understanding of derivative products and trade mechanics, including payment/reset structures
• Knowledge and ability to interpret executed International Swaps and Derivatives Association (ISDA) Master Agreements, including Credit Support Annex (CSA), MSFTA and GMRA documents
• Understanding of Calypso, Imagine/Mercury, Opics, Endur, CDBO and other mainframe trading systems
• Experience with Lombard Risk’s Colline Collateral Management platform is a plus
• 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
• FINRA Series 7/99 licenses preferred

Job Expectations:

• Ability to work a hybrid schedule
• Willingness to work on-site at stated location on the job opening
• Ability to work additional hours as needed
• This position is not eligible for Visa sponsorship

Posting Location:

• 550 S Tryon St, Charlotte, NC 28202

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.

Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

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 Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.