Capital Markets Middle Office Specialist

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. 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 highly motivated and detail-oriented professional to support the Structured Products Group (SPG) within Wells Fargo Securities, focusing on the Residential Mortgage-Backed Securities (RMBS) trading platform. This role provides middle office operational support across a wide range of trading desks, including:

- Agency Pass-Through (TBA and Pools)
- Agency Specified Pools
- Agency CMOs and Derivatives (IOs, POs, floaters, inverse floaters)
- Agency ARMs
- Middle Market
- Non-Agency/Private Label RMBS
- CLOs, ABS, and CMBS
- Client-Driven Reverse Repo

The candidate will play a critical role in supporting trading and hedging activities involving TBAs, treasuries, futures, options, interest rate swaps, and CDS index swaps. Key responsibilities include real-time P&L generation and attribution, trade and position maintenance, exception resolution, regulatory reporting, and project management.

This position requires close collaboration with internal teams such as Trading, Sales, Finance, Technology, Compliance, Auditors, MBS Allocations, and Project Management, as well as external counterparties including Ginnie Mae, Freddie Mac, and Fannie Mae. The role involves managing new issue confirmations, trade settlements, and handling both daily operational tasks and ad hoc project work.

In this role, you will:

• Participate in profit and loss generation, profit and loss attribution and trade capture
• Identify opportunities to resolve complex related trade issues
• Analyze tactical business challenges related to complex derivative products and exercise independent judgment to guide the deliverable
• Present recommendations for resolving cash and derivative issues
• Review new and amended trades, cash payments, customer pricing, collateral management, credit and general ledger reconciliation issues
• Provide information to managers and the Capital Markets Middle Office

Required Qualifications:

• 2+ 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:

• 2+ 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, Re-securitization, 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:

• Ability to work a hybrid schedule, at least 3 days a week working in office.
• Work hours: Monday - Friday, 7:00am to 6:30pm

Posting Location:

• 550 S Tryon St, CHARLOTTE, NC 28202

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 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.