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 close-out procedures
• Ability to multi-task 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 co-requisite 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:

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.

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.

Pay Range

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.