Capital Markets Middle Office Specialist - Municipal Middle Office

About this role:

Wells Fargo is seeking a Capital Markets Middle Office Specialist within the Municipal Middle Office team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

The Municipal Middle Office team supports the Municipal Products Sales, Trading, and Underwriting businesses by providing operational oversight across both primary and secondary market activities. This role serves as a critical link between the front office and operational partners, ensuring the accurate processing, reporting, settlement, and maintenance of municipal securities transactions. The position supports the full lifecycle of municipal securities, from new issue underwriting through secondary market trading, and plays an essential role in maintaining business continuity, mitigating operational risk, and ensuring the timely execution of daily trading activities.

In this role, you will:

• Support the Municipal Products Sales, Trading, and Underwriting businesses across primary and secondary market activities
• Capture and validate trade activity within internal systems
• Reconcile daily trading positions and investigate discrepancies
• Set up new securities based on deal documentation and underwriting requirements
• Support municipal new issue transactions from issuance through settlement
• Submit invitation wires and preliminary wire activity related to new issue offerings
• Perform end-of-day profit and loss (P&L) calculations and reporting
• Complete daily rate reporting and trade reporting to the Municipal Securities Rulemaking Board (MSRB)
• Research and resolve trade breaks, settlement issues, late trades, and trade discrepancies
• Troubleshoot and escalate system issues impacting business operations and transaction processing
• Coordinate with DTC Settlements and Fail Control teams to ensure timely settlement of transactions
• Partner with Product Support, Technology, Compliance, Syndicate Operations, and Municipal Sales & Trading teams to support daily business activities
• Monitor and maintain transaction accuracy throughout the trade lifecycle
• Respond to inquiries from business partners and operational stakeholders
• Support operational controls and risk management processes related to municipal securities transactions
• Assist with process improvements and operational efficiency initiatives
• Provide critical operational coverage across underwriting, trading support, and middle office functions

Required Qualifications:

• 2+ 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:

• Experience in Municipal Securities, Capital Markets Operations, Middle Office, Trade Support, Underwriting Support, or related financial services functions
• Knowledge of municipal bond markets, new issue underwriting, and secondary market trading activities
• Understanding of trade lifecycle management, settlement processes, reconciliations, and operational risk controls
• Experience supporting trade capture, position reconciliations, and exception management
• Familiarity with MSRB reporting requirements and municipal securities regulations
• Knowledge of DTC settlement processes, fail management, and securities operations
• Strong analytical, investigative, and problem-solving abilities
• Experience researching and resolving trade breaks, settlement exceptions, and system-related issues
• Ability to manage multiple priorities and deadlines in a fast-paced trading environment
• Strong attention to detail and commitment to accuracy
• Excellent verbal and written communication skills with the ability to partner effectively across business, operational, and technology teams
• Proficiency in Microsoft Office applications and reporting tools
• Ability to work independently while collaborating across diverse stakeholder groups
• Demonstrated commitment to client service, operational excellence, and continuous process improvement

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 S Tryon St, Charlotte, NC 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.

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.

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.