Institutional Investment Operations Associate

About this role:

Wells Fargo is seeking a Institutional Investment Operations Associate

In this role, you will:

• Provide operational and customer support for lifecycle tasks for institutional trades
• Assist with client account onboarding, input and monitoring of cash payments, customer service, funding operations, custodial operations, securities settlement services, asset servicing structured loan operations, general ledger reconciliation and work to resolve confirmation and ISDA related issues
• Assist in gathering data to support resolution of issues
• Receive direction from manager and exercise judgment within defined parameters of the area while developing understanding of various functions, policies and procedures
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

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

Knowledge/Experience:

Requires Minimum of 6 Months of experience into Client Onboarding Operations, Exchange Traded Derivatives and/or OTC Derivative system support. The candidate is also required to have a minimum of 3+ years of experience in working with various Client accounts builds into internal systems including various mapping exercises as well as ensuring all data processed is complete and accurate. Utilizing the Calypso, GMI & Broadridge and any other similar system. Individual must research and resolve issues pertaining to Trade, Product, cash payments, customer, pricing, collateral management, credit, general ledger reconciliation. 

Desired Qualifications:

• Owning onboarding a new opportunity end to end including relationship management, request management and delegation to downstream partners
• Knowledge about building Client Accounts (Clearing, Execution and Allocations accounts), setting up of Trading books and Reconciliations.
• Working with onshore Client Data teams to effectively manage an onboarding request
• Communicating the status to internal stakeholders
• Identifying opportunities to improve the process through partnership with other teams
• Management of client connectivity, Trade set-up and configuration processes
• Providing feedback to continually improve the process
• Assist with balancing team work load
• Identify issues with the process, create and drive a solution
• Develop and maintain MIS on end to end process for tracking turnaround times of deliverables from team and other processing areas
• The candidate will be responsible for completing UAT testing related to projects that impact the group. 
• Implementing new products and operational processes related to the Derivatives Clearing System.
• Responsible for developing workflow, system configuration and static data within the front and back office system.
• Foster team relationships with peers and outside vendors that regularly interact with the department to effectively accomplish the team’s goals.
• Maintain Derivatives System Solution group procedures ensuring they are up to date incorporating the most recent industry specific best practices for Derivatives Clearing.
• Determine process improvements, efficiencies and cost saving initiatives that will enhance the performance of the group.
• Manage Clearing House and Vendor relationships as it relates to Derivatives Clearing System Solutions.
• Work as part of project teams to implement new processes and improvements as needed.
   

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.