Senior Capital Markets Middle Office Specialist

About this role:

Wells Fargo is seeking a Senior Capital Markets Middle Office Specialist within the Mortgage-Backed Securities team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

This Middle Office role supports the Residential Mortgage-Backed Securities (RMBS) Pass-Through Sales & Trading business, providing operational oversight and trade support across the transaction lifecycle. Initial responsibilities include managing Fixed Income Clearing Corporation (FICC) activities and the Assignment of Trade (AOT) process, including Real-Time Trade Matching (RTTM), trade comparison, and netting functions.

In this role, you will:

• Support the full lifecycle of the To-Be-Announced (TBA) Mortgage-Backed Securities (MBS) market, with the opportunity to develop expertise in increasingly complex functions, including TBA allocations, position reconciliation, pair-offs, and trade settlement activities

• Process and manage TBA and MBS pool transactions, including assignments, allocations, pair-offs, and netting activities, ensuring accuracy and timely execution

• Reconcile trading positions across front-, middle-, and back-office platforms to ensure trade integrity and resolve discrepancies

• Monitor and ensure timely trade settlement, investigating and resolving settlement exceptions, fails, and operational breaks

• Utilize trading and operational platforms including Catalyst, MBS Expert, Broadridge/Impact, FICC, and other internal systems to support daily trade processing and operational workflows

• Confirm trades across front-to-back systems and partner with internal teams to resolve trade discrepancies and operational issues

• Collaborate closely with Sales & Trading, Operations, clients, and support partners to escalate issues, improve processes, and maintain efficient trade execution and settlement

• Participate in risk management and control activities, including risk assessments, identification of control gaps, and implementation of process improvements and corrective actions

• Analyze operational and trading data to identify exceptions, root causes, and opportunities for increased efficiency and risk reduction

• Maintain a strong understanding of fixed-income products, mortgage-backed securities (MBS), and trade processing workflows to support daily business activities

• Contribute to continuous process improvement initiatives, enhancing operational controls and supporting scalable business growth

Required Qualifications:

• 4+ 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:

• 4+ years of Securities Operations experience

• Knowledge and Understanding of the Fixed-Income markets, Trade Processing and Mortgage-Backed Securities

• Experience with trade settlement, reconciliations, and operational support functions within a financial services environment preferred

• Ability to perform with a high degree of accuracy and attention to detail in a fast-paced, deadline-driven environment, while supporting the operational demands of an RMBS Trading desk

• Ability to build and maintain effective working relationships with Trading, Sales, Finance, Operations, and other key business partners to support trade execution, settlement, and issue resolution

• Analyze complex issues and make timely, sound decisions, including the resolution of customer inquiries, trade exceptions, system-related challenges, and business unit escalations

• Advanced proficiency in Microsoft 365 applications, including Excel, Word, PowerPoint, Outlook, and Teams; experience leveraging these tools for reporting, analysis, documentation, and collaboration is 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.