EMEA Middle Office Risk - PnL Analyst

About this role

Wells Fargo is seeking an experienced Middle Office professional to support the XVA trading business. This role provides end-to-end trade lifecycle, risk and P&L support across Rates and FX, Credit Derivatives and Cash products.

Working closely with Trading, Sales and key control and support functions, you will be responsible for accurate trade capture and lifecycle management, risk and P&L reporting, reconciliations and the timely resolution of trade-related issues. You will also play an important role in maintaining a strong control environment and supporting change and transformation initiatives across the XVA business.

This is an opportunity to gain broad exposure across the trading lifecycle while partnering with teams across the business. The successful candidate will bring strong product knowledge, analytical capability, attention to detail and the ability to operate effectively in a fast-paced trading environment.

In this role, you will:

• Provide comprehensive Middle Office support to Trading and Sales, ensuring transactions are captured, verified and maintained accurately throughout the trade lifecycle.
• Produce and review intraday and end-of-day risk and P&L reporting, investigate discrepancies and support P&L attribution in partnership with Trading.
• Capture and maintain in-scope derivatives and hedge transactions supporting XVA risk, NPV and market risk management.
• Produce and review start-of-day market risk and investigate risk and P&L discrepancies.
• Own operational controls and reconciliations across the XVA portfolio, including front-to-back reconciliations, trading exceptions and trade breaks.
• Partner with Trading, Market Risk, Product Control, Finance, Operations, Technology and other control functions to resolve issues and support effective risk management.
• Investigate and resolve trade queries, breaks and discrepancies, coordinating with internal teams and external parties where appropriate.
• Support the booking and lifecycle management of Market Linked Notes and SPV Repack transactions.
• Partner with Settlements and Payments teams to support accurate and timely downstream processing.
• Identify opportunities to strengthen the control environment and improve the efficiency and effectiveness of Middle Office processes.
• Lead or contribute to business change and transformation initiatives, including system enhancements, testing and regulatory-driven change.
• Translate business requirements into effective technology and process solutions in partnership with relevant stakeholders.
• Maintain and enhance governance documentation, including procedures and process flows, and support the timely escalation and resolution of issues.
• Work collaboratively with colleagues and business partners across regions to deliver business priorities.
• Demonstrate flexibility to support trading requirements, including early or late shifts where required.

Required Qualifications:

• Experience in Capital Markets Middle Office, Product Control, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience or education.
• Strong understanding of the trade lifecycle across Rates and FX, Credit Derivatives, including CDS, and Cash products, including bonds.
• Knowledge of fixed income and derivative products, including interest rate swaps, CDS, FX, FX options and swaptions.
• Experience supporting risk and P&L reporting, trade capture, reconciliations and lifecycle management within a trading environment.
• Strong analytical and problem-solving skills with the ability to investigate and resolve complex trade and reporting discrepancies.
• Advanced Microsoft Excel skills and experience with VBA and/or Python.
• Experience supporting change initiatives, process improvements or technology enhancements.
• Strong written and verbal communication skills, with the ability to work effectively with Trading and partners across multiple functions and regions.
• Ability to manage competing priorities and deliver accurate work within strict deadlines in a fast-paced environment.
• Strong attention to detail with an understanding of operational risk and the importance of maintaining a robust control environment.
• Ability to take ownership of issues and initiatives through to resolution.
•  Ability to use AI specifically the use of Microsoft Copilot 365.

Desired Qualifications:

• Degree in a quantitative or related discipline.
• Previous Middle Office experience supporting FX, Rates, XVA or exotic Rates/Credit products.
• Experience supporting XVA-related products, risk or trading activity.
• Experience with Market Linked Notes and SPV Repack transactions.
• Knowledge of Calypso and Catalyst.

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.

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Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

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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.