Business Execution Associate

About this role:

Wells Fargo is seeking to provide oversight of all GL interface activity/System of Records within CB Ops to ensure proper ownership, set-up, and method for reconciling applicable accounts. Generate reporting/analysis to support reconciliation efforts. Responsible for FATCA tax compliance and reporting services. Perform data integrity reviews to achieve quality standards for systems, transactions and processes. Provide direct feedback of errors/defects to ensure customer impacts due to mistakes are mitigated. Generate scorecards to support performance management/successful production volumes. Provide data for upstream management metrics reporting

In this role, you will:

• Participate in planning and executing a variety of programs, services, and initiatives, and monitor key indicators to ensure effective performance and control management of assigned operations or business groups
• Review basic initiatives including policy or process changes, process improvements, technology enhancements, and conduct regular reviews to identify efficiencies and cost savings opportunities
• Receive direction from leaders and exercise independent judgement while developing an understanding of policies and procedures, best practices, and initiatives
• Collaborate and consult with mid-level managers or cross-functional business partners
• Provide work direction to less experienced Strategy and Execution staff

Required Qualifications:

• 6+ months of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Bachelor degree in Commerce or Master in Business Administration with finance stream.
• 3-4+ years of overall experience in banking industry required.
• Knowledge of Corporations Accounting and Controls standards and policies Broad Banking/Financial services experience.
• Experience in performing/preparing various complex reports by sourcing data from multiple systems.
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
• Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities
• Ability to research and report on a variety of issues using problem solving skills
• Proven ability/proficiency with the use of various types of automation.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Ability to evaluate risks and escalate concerns.
• Ability to work both independently as well as within a team environment
• Thorough knowledge on Nostro/Vostro, GL's, Foreign Exchange, SWIFT
• Effective oral and written communication skills.
• Intermediate or higher Microsoft Excel, Word and Power Point skills
• Ready to work in Night shift Mon-Fr, (6:30 PM - 3:30 AM IST)

Required Qualifications for Europe, Middle East & Africa only:

• Experience in Business Execution, Implementation, or Strategic Planning, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• International Banking Operations Experience in Reconciliation, Account Set Up, Reporting & Analysis, Static Data
• Demonstrated understanding of the Corporate and Accounting Policy
• Proven Basic or intermediate Excel VBA/Macro Skill

Job Expectations:

• Perform an independent review of the Wholesale International Operations Books and Records
• Assign account ownership and perform appropriate set up for the accounts in various systems
• Prepare and distribute daily report of System Trial Balance and GL112
• Granting authority to assign any unassigned/new accounts to the WOSS Recon AU's
• Ensure accurate reporting across the WOSS Reconcilement platforms via Reconciliation Investigation Engine (RIE), Snapshot, Subsystem Reconciliation Presentation Layer (SRPL), Intellimatch, Iris Web
• Prepare and distribute various recon reports like Policy violations, approaching due, Suspense aging etc.
• Provide assistance to WOSS Reconcilement team and ensure that they are adhere to compliance and various regulatory standards (QSA-Quality Self-Assessment, Audit, Financial Oversight & Monitoring team, Corporate Controllers)
• Provide intermediary support between the WOSS Recon team, Operations, Finance and Controllers to do Account Validations and Accounts are set-up appropriately.
• Complete daily Tax Compliance recon to ensure no discrepancies between Customer Information Database (CID) and various System of Records (SORs)
• Escalate Tax discrepancies to appropriate Operations teams via email and provide standard instructions on how to resolve discrepancies issue on timely manner.
• Complete daily Value Added Tax (VAT) validation.
• Complete monthly Tax extract validation to GL per agreed upon SLA with Wholesale Tax
• Ensure tax-related validations completed as per deadline to support internal and external tax reporting functions.
• Follow up on inquiries submitted by various lines of business for resolution or escalation
• Work closely with Exception team across globe, Recon Support team, Technology and Production Support team to resolve the issues/breaks.
• Assist with developing and maintaining rapport with operation customers, Finance and Compliance, while maintaining an independent view of their processes and status

Posting End Date:

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

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, status as a protected veteran, or any other legally protected characteristic.

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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