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Lead Institutional Investment Operations Specialist; Shared Services Tax Operations

  • Operations
  • Full time
  • R-353408

About this role:

Wells Fargo is seeking a Lead Institutional Investment Operations Specialist within our Tax Operations team as part of Corporate and Investment Banking Operations.

The Wells Fargo CIB Securities Tax Operations team leads global CIB first-line customer tax activities. The lead specialist is expected to contribute to broader team focus areas including year-end reporting, withholding, documentation, cost basis, remediation, and strategic initiatives.


In this role, you will:

  • Lead all activities across tax withholding and reporting functions, including approval of processes completed by other team members 
  • Partner with vendors, Broker Dealer Operations, Middle Offices, and other stakeholders to ensure accurate reporting, withholding, and re-imbursements
  • Leverage business intelligence capabilities to identify and rectify exceptions detected throughout the year
  • Lead several strategic initiatives across technology, process, control, operational excellence
  • Work closely with Corporate Tax and Compliance to analyze complex matters and implement solutions
  • Support year-end reporting readiness, including trial runs, quality assurance, and finalization of reporting. 
  • Advise leadership to develop or influence complex objectives, processes, industry related regulations, and long-term goals for highly complex business needs across organization
  • Strategically engage with all levels of professionals and managers companywide
  • Provide vision, direction and expertise to leadership


Required Qualifications, US:

  • 5+ 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:

  • Cost Basis and/or Foreign Transaction Tax experience including reconciliation and research and resolution of exceptions
  • Experience with tax withholding and tax reporting functions
  • Understanding of asset servicing events including across equities and fixed income securities
  • Familiarity with options and swaps
  • Working knowledge of one or more of the following Tax solutions: Broadridge Tax Managed Service, Sovos, Silver Cost Basis, Scivantage Maxit, IHS Markit IPS/CTI
  • Ability to interpret technical requirement documents and system flows to translate into reporting requirements
  • Strong analytical skills with high attention to detail and accuracy
  • Experience developing partnerships and collaborating with other business and functional areas
  • Strong organizational, multi-tasking, and prioritizing skills
  • Experience delivering results in a fast-paced, deadline driven environment
  • Highly refined and professional verbal and written communications
  • Track record of leading strategic complex deliverables

Job Expectations:

  • This position offers a hybrid work schedule (minimum 3 days per week onsite) in the preferred location listed below.
  • Relocation assistance is not available for this position.
  • Visa Sponsorship not available for this position

Preferred Locations:

  • 550 S. Tryon Street - Charlotte, NC

Posting End Date:

  • 6 May 2024

Corporate & Investment Banking (“CIB”) delivers a comprehensive suite of capital markets, banking, and financial products and services. As a trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

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.

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 CFR 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.

Wells Fargo only considers candidates who are presently authorized to work for any employer in the United States and who do not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States.

Posting End Date: 

23 May 2024

*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.


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