Capital Markets Middle Office Associate - New York, United States - Wells Fargo

Wells Fargo

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

About this role:

Wells Fargo is seeking a Capital Markets Middle Office Associate to join our Prime Services - Margin team as a part of Corporate Investment Banking (CIB) Operations.

In this role, you will:

Participate in research and resolution of operational issues and client inquiries related to margin accounts
Identify opportunities to enhance client experience by providing operational support of Prime Brokerage Account Executives
Review tactical business challenges related to complex margin portfolios
Receive direction from manager and exercise independent judgement while developing an understanding of policies and procedures
Learn about Margin rules and regulations and maintaining compliance with all applicable industry and firm rules and regulations

Required Qualifications, US:

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:

Bachelor's Degree or equivalent work experience
Relevant experience in Financial Services margin with experience handling Prime Brokerage accounts
Knowledge of Margin (Reg. T, FINRA 4210, Portfolio Margining, etc.)
Previous experience in daily monitoring of margin exceptions and proper closeout procedures
Ability to multitask in a fast paced environment with an attention to detail and while complying with all firm and regulatory requirements
Knowledge of Prime Brokerage, Funding, Rehypothecation and Securities Lending
Excellent verbal and written communication skills
Strong working knowledge of Microsoft Office

Job Expectations:

Registration for FINRA Series 99 or Series 7 must be completed within 120 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam corequisite may also be required
This position offers a hybrid work schedule (minimum 3 days per week onsite) in the preferred location listed below.
Relocation assistance is not available for this position.
Visa Sponsorship not available for this position

Preferred Locations:

500 W 33rd St New York, NY

Pay Range:

- $ USD Hourly

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.

Pay Range
$ $49.38

Benefits
Wells Fargo provides all eligible full
- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits

Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement