Capital Markets Middle Office Analyst 3 (Debt)Apply now Job ID 5372261 Schedule Type Reg-Time Work Hours 40 Location Minneapolis, Minnesota;
You’ve got the passion. You’ve got the skills. Now you just need the right opportunity. At Wells Fargo, you’ll have the chance to join a team of smart and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.
Enterprise Finance plans, tracks, analyzes and reports financial results, manages the company’s balance sheet, including funding, capital and investments; oversees internal real estate needs; drives acquisitions; is responsible for financial controls; and leads corporate strategy.
The Securities Operations & Accounting group (SOA) in Enterprise Finance is responsible for the settlement, clearing, custody, accounting and regulatory reporting for securities within the available-for-sale and held-to-maturity investment portfolios, as well as the Wells Fargo funding products (debt) and equities. SOA is responsible for the maintenance, control and data integrity of the related accounting systems of record.
This Middle Office role will primarily support Wells Fargo debt issuance funding desk. This group issues and manages Wells Fargo third party debt and funding of all Wells Fargo subsidiaries. Debt can be issued in a variety of currencies and the interest rate and Fx may be managed with derivatives. The ideal candidate will have a solid understanding of the debt markets, US and international settlements, banking rules, and experience with derivatives.
This team member will provide operational support for trade entry, settlement, general ledger, and cash reconcilement. This team member will work closely with stakeholders and supervisor to support the trade processing and foreign/domestic cash flows. This role will be have primary responsibility for coordination, cash mapping and funding flows to the ultimate Wells Fargo subsidiary fund user. This team member will also be required to perform additional duties in support of the funding team as it pertains to system and workflow enhancements and projects.
This role requires knowledge of debt issuance, pricing protocol, USD and FX cash operations.
Other Desired Qualifications
- 4+ years securities operations experience, preferable with a concentration in domestic and foreign funding
- Working knowledge of Wall Street, SWIFT processing, and Oracle G/L
- Basic understanding of accounting, revaluations, and market conventions on foreign currency assets and transactions is ideal
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.