Capital Markets Middle Office Manager Capital Markets Middle Office Manager …

Wells Fargo
in Hong Kong
Permanent, Full time
Last application, 19 Oct 20
Competitive
Wells Fargo
in Hong Kong
Permanent, Full time
Last application, 19 Oct 20
Competitive
This is a senior role in the Asia Securities Operations department based in Hong Kong supporting the Wells Fargo Securities business in Asia. The business offers a suite of Fixed Income products of Credit, Rates, Foreign Exchange (FX), and Cross Asset solutions to corporate, government and institutional clients. The individual will be supporting regulatory reporting, Sales / Trading activities and collateral management for the business.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

 

Market Job Description


About the Role:

This is a senior role in the Asia Securities Operations department based in Hong Kong supporting the Wells Fargo Securities business in Asia. The business offers a suite of Fixed Income products of Credit, Rates, Foreign Exchange (FX), and Cross Asset solutions to corporate, government and institutional clients. The individual will be supporting regulatory reporting, Sales / Trading activities and collateral management for the business.

Reporting to the Head of Asia Securities Ops, the individual will perform daily controls across functions, provide leadership experience and coaching junior members, as well as partnering with various APAC and global partners on supporting and enhancing controls for the business.

Responsibilities:

  • Perform control functions such as trade monitoring, reconciliations across systems, failed trades management, P&L / risk reporting and collateral management
  • Perform Hong Kong Trade Repository (HKTR) controls and quality assurance. Participate in ISDA / DTCC working groups to ensure existing process is up-to-date
  • Assist and facilitate client onboarding for Asia sales
  • Participate in projects and new products initiatives
  • Resolve ad-hoc issues and asks from internal stakeholders and clients
  • Assist Head of Asia Securities Ops to lead the team and further improve the team's efficiency and strengthen control framework
  • Provide coaching and guidance to junior members in the team

Market Skills and Certifications

Requirements:

  • Bachelor degree in Finance or relevant subjects
  • Minimum of 7 years of relevant operations/middle office experience in Capital Markets industry such as cash securities, derivatives and FX. Knowledge in Collateral Management would be an advantage
  • Minimum of 3 years of experience in people management or relevant leadership role
  • Relevant experience and knowledge in US and HKTR regulatory reporting is an advantage
  • Excellent problem solving and interpersonal skills
  • Extensive stakeholders management skills
  • Flexible working hours and able to work on holidays and /or extreme weather situations
  • Excellent communication skills in English. Good communication skills in Chinese is an advantage

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members 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.

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