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Senior Institutional Investment Operations Specialist

  • Operations
  • Full time
  • R-342560

About the Role - Team Member will be part of the Safekeeping team and should be responsible for Onboarding, Access Provisioning, Security Pledging, Pricing & handling Audit request with maintaining client documentation. You will also drive initiatives and provide solutions that will have an impact on client experience and risk mitigation.

This role is to co-ordinate with the front office & Clients directly. In addition, will be a point of contact across various Regulated products such as Fixed Income Cash, Repurchase Agreement (Repo), Reverse Repo, Mortgages.


Responsibilities -
• Should be working with Clients directly on Pledge requests.
• Proficient on Onboarding & handling client data.
• Manage client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, additionally work to resolve confirmation and ISDA related issues
• Leverage solid understanding of functions, policies, procedures and compliance requirements
• Perform moderately complex duties such as processing, researching inquires and reconciling transactions
• Provide operational and customer support for lifecycle tasks for institutional trades
• Responsible for handling customer queries and request directly
• Mentor and assist analysts
• Strong Knowledge of the banking regulatory reporting rules and US regulations like FINRA.
• Identifies and highlight/escalate potential risk arising within process.
• Excellent Interpersonal skills – ability to build relationships.
• Oversee BAU and identify process enhancement opportunities
• Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
• Work with other Client Data teams to effectively manage and process client data requests
• Develop strong working relationships with stake holders Sales, Compliance, other onboarding teams
• Ensure and Adhere to the Regulatory Reporting standards, policies and procedures
• Become a risk manager by ensuring data integrity and challenging where required
• Provide reporting to senior leadership and produce insightful analyses of the business upon request for management

Preferred Skills-
• Knowledge of the Broadridge & Confluence Jira will be added advantage
• Knowledge of Derivative products, Securities and Custodian business
• Strong Knowledge of the banking regulatory reporting rules and US regulations like FINRA.
• Extensive knowledge and understanding of all capital markets products, industry trends, regulatory changes, and industry-wide best practices.
• Ability to independently research and analyze regulatory reporting requirements and other financial documents
• Ability to understand and work with data, including creating alignment among various data sources, developing trends, and creating risk-based analytics from multiple information sources.
• knowledge and experience supporting Money Market, Bonds & Equity.
• Ability to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as longer term strategic goals
• Knowledge of client on-boarding life-cycle
• Strong Analytic ability, with high attention to detail, accuracy and strong problem solving skills
• Ability to communicate (written/verbal) effectively at all organizational levels
• Ability to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as longer term strategic goals
• Perform analysis of, and make recommendations on functionality/efficiency of established controls and processes to ensure appropriate risk based operational procedures are in place and are meeting regulatory requirements/expectations


Essential Qualifications-
• Bachelor's degree in Accounting, Finance, or a business-related field is strongly preferred
• Previous experience in Operations and/or Financial Services industry - Relevant work experience of 8+ years in one or a combination of the following: middle office, collateral, documentation, project management, business operations, compliance and client onboarding within Corporate Investment Banking
• Excellent communication skills both written and verbal
• Knowledge and understanding of Excel, PowerPoint, Word and adaptability to other software products (Tableau will be added advantage)
• Ability to research, compile, and perform complex analysis on critical operational data
• Be highly collaborative and team-oriented
• Demonstrate strong analytical and interpersonal skills
• Ability to work with impacted areas to understand complex problems
• Ability to work in a fast-paced, team-oriented environment
• Strong multi-tasking abilities in a high performance, high demand environment
• Ability to think strategically, drive consensus and influence decision making

Posting End Date: 

29 Jul 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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