Capital Markets Middle Office Manager - OTC Derivatives Collateral

About this role:

Wells Fargo is seeking a Capital Markets Middle Office Manager to lead OTC Derivatives Collateral Management activities as part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

The Collateral Management team supports the collateralization of derivatives, repurchase agreements (repo), forward transactions, TBA Agency MBS, and foreign exchange (FX) products. The team operates globally, with a significant presence in Charlotte, and supports approximately 50,000 clients across multiple business lines, products, and legal entities.

In this role, you will:

• Manage and develop a global team responsible for daily Derivative Collateral Management activities, including margin calls, collateral settlement, exposure management, and dispute resolution
• Oversee the comparison and analysis of trade positions with external counterparties to identify and resolve margin call disputes and exposure discrepancies
• Provide oversight of trade decompositions and mark-to-market exposure validation across derivative portfolios
• Oversee the review, processing, and resolution of collateral margin calls and counterparty demands
• Manage complex issues and escalations, partnering with Front Office, Middle Office, Documentation, Legal, Credit, and other key stakeholders to drive timely resolution
• Monitor operational performance, service delivery, controls, and risk across the team, ensuring issues are appropriately identified, escalated, and remediated
• Build and maintain strong relationships with internal partners, clients, and counterparties while supporting effective communication and issue resolution
• Drive opportunities to improve processes, controls, procedures, and operational efficiency within Collateral Management
• Partner with project, technology, and business teams on system enhancements, process improvements, requirements development, and user acceptance testing
• Support reporting and analysis for leadership, clients, and internal partners, including operational trends, risks, and key performance indicators
• Develop team capabilities through coaching, cross-training, knowledge sharing, and ongoing performance management

Required Qualifications:

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

Desired Qualifications:

• 5+ years of experience in capital markets, collateral management, derivatives operations, institutional operations, or a related financial services environment
• Previous leadership, people management, or team oversight experience within collateral, derivatives, or capital markets operations
• Strong knowledge of collateral management, margin processes, and the derivative trade lifecycle
• Knowledge of securities, derivatives, repurchase agreements, and other capital markets products
• Experience interpreting ISDA Master Agreements, Credit Support Annexes (CSA), MSFTA, and GMRA documentation
• Understanding of derivative products, including interest rate swaps, swaptions, floors, caps, commodities, cross-currency products, FX, and equities
• Experience managing complex operational issues, risk, controls, and escalations
• Strong client service, communication, and stakeholder management skills across business functions and leadership levels
• Strong analytical, organizational, prioritization, and problem-solving skills
• Experience with collateral and trading platforms such as Lombard Risk Colline, Calypso, Imagine/Mercury, Opics, Endur, CDBO, or similar platforms
• Experience with Tableau, SQL, and data reporting tools
• FINRA Series 7 license

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 South Tryon St. - Charlotte, North Carolina 28202

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.

Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Posting End Date:

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

We Value Equal Opportunity

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.

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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.