Senior Collateral Management Specialist

Wells Fargo
Hong Kong, Hong Kong
Sep 25, 2022
Oct 20, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

This is a permanent role in the APAC CIB Markets Operations department based in Hong Kong supporting the Wells Fargo Corporate and Investment Banking (CIB) 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 Capital Markets Middle Office Analyst position supports Collateral Management (CM). The Collateral Management department supports the collateralization of the derivative, repurchase agreement (repo), forward, and foreign exchange (FX) businesses of Wells Fargo. This group supports clients across all businesses product lines, and multiple legal entities. WFCM actions margin calls daily and responsible for the settlement and front to back management of the collateral for those clients.

Products including, but not limited to Interest Rates Swaps, Mortgage-Backed Securities, Repos, Futures, US Treasuries, Cash Bonds, Credit Default Swaps, spot FX, NDFs, FX Options and other OTC derivatives products.

In this role, you will:
  • Compare trade position files from external counter-parties to resolve timely margin call disputes
  • Be the main point of communication between Wells Fargo and its client base
  • Perform trade decompositions to validate current mark-to-market exposures
  • Review and present collateral margin calls and respond to demands submitted by our counterparties
  • Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Risk) to resolve all discrepancies
  • Produce and distribute ad-hoc reporting requirements to clients
  • Consistently seek opportunities to improve processes, controls and procedures within the Collateral Management team
  • Partner with the technology and project teams to develop requirements for system enhancements and assist with user acceptance testing.
  • Compile and submit MIS reports to senior stakeholders
Required Qualifications, International:
  • 4+ 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:
  • Bachelor degree in Finance, Quantitative or relevant subjects
  • Relevant operations experience is an advantage
  • Highly motivated team player with effective organizational, multi-tasking, and prioritizing skills
  • Flexible working hours and able to work on holidays and/or extreme weather situations
  • Detail orientated with strong sense of control
  • Ability to work in a fast-paced deadline driven environment
  • Excellent communication and interpersonal skills with strong analytical/problem solving skills
  • Firm understanding of Fixed Income, FX, Repo and other OTC derivatives products
  • Strong knowledge with Macro and VBA is preferred
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, or status as a protected veteran.

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.
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