Capital Markets Institutional Operations Support Analyst 3 - CIB Confirmations

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. 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.

CIB Confirmations

The CIB Confirmations team supports the documentation of credit, fx, equity, commodity, and rates derivatives trading for Wells Fargo Corporate & Investment Banking. This team has offices in 1 international and 2 U.S. locations and supports nearly 5,500 clients across all businesses product lines and multiple legal entities. CIB Confirmations actions approximately 200 trades daily and is responsible for the management and documentation of all trade lifecycle activity.
Daily Responsibilities:

• Principally responsible for drafting and verifying the accuracy and completeness of confirmations for a variety of products and business lines, including commodity derivatives, credit derivatives, equity derivatives, rates derivatives, and foreign exchange
• Responsible for minimizing financial losses by identifying and resolving trade capture errors, reconciling trade activity between system of record and any trade-related documentation, and ensuring all economic terms and necessary protective and fallback clauses are confirmed
• Serve as liaison with all lines of business, internal legal and compliance departments in the development or revision of confirmation templates in compliance with existing and future regulatory requirements
• Cross-train and mentor other team members whether for on-boarding purposes or for developing a deeper understanding of novel, complex, and/or unique trade structures
• Responsible for supporting complex U.S. securities or over-the-counter (OTC) derivatives transactions
• Continue to be aware of and aid the team’s compliance with regulatory, tax-related, and asset class-specific market developments by, among other activities, attending and participating in internal and ISDA-organized working groups
• Regularly seek opportunities to improve processes, controls, and procedures to improve efficiencies, deepen the team’s understanding of products, and mitigate risk
• Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing

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.

• 4+ years of capital markets industry experience; or 4+ years of military experience

• Extensive knowledge and understanding of loan, securities, and derivative products
• Intermediate Microsoft Office skills
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Effective organizational, multi tasking, and prioritizing skills
• Ability to work in a fast-paced deadline driven environment
• A BS/BA degree or higher
• Knowledge and understanding of derivative products: activities, transaction processes, and documentation methods
• Ability to review and understand ISDA Master and Credit Support Annex agreements
• Experience recognizing structural issues, cross-silo redundancies, and functional interdependencies within a large organization
• Ability to take on a high level of responsibility, initiative, and accountability
• Ability to take an active role in the education, mentoring and training of less experienced team members
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important

• Experience with PegaSystems, or substantially similar confirmation platform, is a strong preference
• Experience with and understanding of Calypso, Imagine, Opics, Endur, and other mainframe trading and risk management systems

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.