Senior Institutional Investment Operations Specialist

About this role:

Wells Fargo is seeking a Senior Institutional Investment Operations Specialist.

In this role, you will:

• Assist in lifecycle support for institutional trade flow
• Manage client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as, work to resolve confirmation and ISDA related issues
• Lead or participate in moderately complex initiatives and deliverables
• Contribute to large scale planning related to process, procedures and efficiencies with internal and industry related initiatives
• Identify and recommend opportunities for process improvement and risk control development
• Provide leadership to bring groups together to resolve multi-faceted complex issues
• Serve as a leader on projects along with internal and industry related initiatives
• Review and analyze complex functional and operational tasks that require in-depth evaluation
• Exercise independent judgment and resolution to guide the deliverable
• Resolve moderately complex issues
• Lead team to meet functional area projects, and process deliverables
• Leverage solid understanding of functions, policies, procedures and compliance requirements
• Mentor and assist analysts
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

• 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• MBA/ Bachelor's degree in Finance preferred
• Experience in the Securities Operations background preferably
• Ability to demonstrate effective analytical skills /decision making skills
• Energetic individual who can work well under pressure and in a team environment with demanding deadlines
• Ability to identify areas of improvement and also formulate plans that enables positive change within a team environment
• Able to analyze and interpret data from both statistical and process efficiency standpoint

Job Expectations:

• Take complete responsibility of monitoring daily functionality of Pre-Matching Process. Organizes work of team, assigns task, sets short-term priorities, monitors all activities and ensures timely and accurate completion of work.
• Escalate issues on priority and in a timely manner within the Operations group, Technology application support and Middle Office to ensure prompt resolution of exceptions/disputes.
• Candidate should have in-depth knowledge of Pre Matching, Trade Allocations, Affirmations/Confirmations in the US Domestic Market
• Perform Analysis of low Affirmation rates with counterparties and Client Outreach
• Should be competent in TAT Management, Process Improvements, Audits- Process/Transactional Level including adherence to SLAs
• Should be willing to work in night shift and also over weekends & US offs i.e. as per business demands
• Ensuring EOD that all queues are cleared/completed as per procedure.
• Understands needs and sensitivities of internal & external clients and proactively ensures these are met.
• Builds relationship with businesses and counterparties to ensure effective escalation and timely resolution of issues.
• Partner with Technology to identify/ resolve system issues and implement system enhancements to increase efficiency.
• Swiftly Identifies potential risks in operational processes; develops and implements controls to mitigate related risk.
• Sound & Strong Knowledge of Pre-Settlements/Settlements and trade life cycle
• This role warrants interaction with external clients like Clients, traders, middle office teams hence candidate should have excellent process and product knowledge
• Excellent articulation and communication skills (Written & verbal)
• Should be able to take decisions swiftly.
• Ability to lead, coach and train Junior & peer level team members
• Excellent analytical skills
• Ability to deliver against strict deadlines, should be able to operate under pressure and maintain calm demeanor while dealing with issues & situations
• Ability to work as back up to manager in his/her absence and handle team enquires
• Excellent email and time management skills.
• Competent in TAT Management, Process Improvements, Regulatory Compliance, Audits- Process/Transactional Level including adherence to SLAs
• Needs to periodically reviews all procedure documents and check list

Posting End Date:
23 Jan 2025
*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 .

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.