Lead Capital Markets Middle Office Specialist

Wells Fargo & Company • Charlotte, NC

2d • Hybrid

About The Position

About this role: Wells Fargo is seeking a Lead Capital Markets Middle Office Specialist within the Commodities team as a part of Corporate Investment Banking Operations This role includes extensive PNL reporting and life-cycle management of the energy & commodity suite including natural gas, crude, power, agriculture, and metals. Functions for this position include: Perform daily Profit and Loss reporting Perform daily Profit and Loss Attribution reporting Perform daily reconciliation of Profit and Loss with finance and system of record Perform daily reconciliation of unrealized PNL, realized PNL and marketing fee between system of record and Front Office Responsible for documenting and maintaining standard operating procedures for PNL Team Perform other ad hoc projects as assigned

Requirements

• 5+ years of Capital Markets industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 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 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.
• 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.

Nice To Haves

• 5 years in a middle office Profit and Loss (PnL) analyst role with an energy major and/or bank that's heavily engaged in energy trading
• Extensive knowledge and understanding of loan, securities, and derivative products
• Experience with both physical and financial derivative products
• Experience with Endur and ION/Openlink systems.
• Strong analytical skills and effective communicator
• Strong Microsoft Excel skills and comfortable consuming big data and articulate what that data represents
• Intermediate Microsoft Office skills
• Ability to work in a fast-paced deadline driven environment
• Effective organizational, multi tasking, and prioritizing skills
• Excellent verbal, written, and interpersonal communication skills

Responsibilities

• Perform daily Profit and Loss reporting
• Perform daily Profit and Loss Attribution reporting
• Perform daily reconciliation of Profit and Loss with finance and system of record
• Perform daily reconciliation of unrealized PNL, realized PNL and marketing fee between system of record and Front Office
• Responsible for documenting and maintaining standard operating procedures for PNL Team
• Perform other ad hoc projects as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees