Capital Markets Middle Office Specialist - Listed Options Clearing and Settlement

Capital Markets Middle Office Specialist

Wells Fargo is seeking a Capital Markets Middle Office Specialist within the Listed Options Clearing and Settlement team as a part of Corporate Investment Banking Operations.

The Listed Options Operations team is part of the Prime Services Operations and is responsible for the front to back processing and reconciliation of options activity traded on US option exchanges and clearing via the Options Clearing Corporation.

In this role, you will:

• Support the execution, clearing, reconciliation, and settlement of the listed options product
• Support both the Prime Brokerage and Trading business units
• Provide excellent customer service to internal and external clients, which will require a strong understanding of the underlying products
• Ability to liaise with all areas of the business, including senior management, sales, trading, middle office, operations, and clients to ensure issues are resolved in a timely manner
• Conduct street-side reconciliation of books and records vs the Options Clearing Corporation including trades, positions, and cash
• Perform Exercise and Assignment processes including daily and option Expiry processing, as well as Regulatory & Management reporting
• Work with Collateral Management, Trade Management, and Processing
• Perform Intersystem reconciliations and processing of commission payable/receivables (Brokerage)

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:

• Working knowledge of Prime Brokerage, Listed Options Clearance, OCC policies/procedures, and collateral requirements
• Ability to work with both external and internal clients
• Detailed working knowledge of the OCC
• Working knowledge of Broadridge
• Ability to work in a team environment as well as operate independently
• Possess strong problem-solving skills
• Strong knowledge of Microsoft Office
• Excellent verbal and writing skills
• Ability to multi-task in a fast-paced environment with an attention to detail
• Very organized, able to deal with high volumes, and prioritize workload

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

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: $28.85 - $43.75

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

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.