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Operations Associate

  • Operations
  • Full time
  • R-357624

About this role:

Wells Fargo is seeking an Operations Associate (Credit Execution and Admin team for CIB Front Office Bangalore) who will review critical business elements (CBEs) and data fields related to Corporate Banking’s outstanding credit facilities (both direct and operational exposure), to ensure these CBEs accurately reflect the terms set forth in various internal credit documents and formal legal documents and all loan related systems and applications.


In this role, you will:

  • Participate in variety of operational tasks for low to moderately complex processes or functions
  • Develop working knowledge of company policies and procedures and identify ways for efficiencies and improvements
  • Review basic issues, policies or procedures for which answers can be quickly obtained, related to low to medium risk tasks and deliverables
  • Perform batching, filing, photocopying, faxing, mail distribution and taking phone messages
  • Maintain records, compile statistics, process employment applications, salary increases, and data entry
  • Receive direction from supervisor and exercise independent judgment while developing understanding of function, policies, procedures, and compliance requirements
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
  • As part of the post-booking certification (PBC) process, review critical business elements (CBEs) and data fields related to Corporate Banking’s outstanding credit facilities (both direct and operational exposure), compare to various internal credit documents and formal legal documents, and ensure these CBEs accurately reflect the terms set forth in said documents
    Understand, comprehend and validate different terms and details of various loan agreements such as Credit agreements, security agreements, W-9s and Tax Documents, Underwriting Memos, Guarantor Documents, Credit Memos etc.
    Liaise with US-based CDA team, loan administration and portfolio management partners to confirm and/or update CBEs as needed
    Maintain data integrity with internal partners in CIB and Data Integrity Officers
    Work with various internal databases for client information tracking and reporting Liaise with US-based CDA, loan administration and portfolio management partners for on-going management of compliance related information and data entry into supporting databases and end user computing tools
    Monitor and evaluate larger and more complex business, operational, and customer support initiatives and overall effectiveness of team performance
    Document quality issues and performance measures for management review
    Provide information and assists in the feedback and formal data changes with I the application
    Work closely with both internal stakeholders and users to meet their service needs
    Apply technical knowledge and expertise to perform work and action requests
    Strong MS Office knowledge to manage and structure the available data and to clean and transform the data to use it further


Required Qualifications:

  • 5+ years experience in Loan Data Validation, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

  • 5 to 6 years of overall experience in reading and interpret various loan documents and financial statements.
    Credit background; strong familiarity with legal documents related to credit facilities – Credit agreements, security agreements, W-9s and Tax Documents, Underwriting Memos, Guarantor Documents, Credit Memos etc.
    Understanding of different credit facilities – Revolving Line of Credit, Term Loan, Swinglines, Letter of Credits, Standby Letter of Credits
    Understanding of the Loan Lifecycle
    Detailed understanding of an underwriting memo
    Effective organizational, multi-tasking, and prioritizing skills
    Excellent verbal, written and interpersonal communication skills
    Solid problem solving and decision-making skills
    Proficient in Microsoft Outlook and Excel with ability to develop and comprehend complex functions and macros.
    Willing to work in mid-shift working hours – 1:30 PM to 10:30 PM IST


Job Expectations:

  • Credit Execution and Administration (CEA) team, as part of the post-booking certification (PBC) process, reviews critical business elements (CBEs) and data fields related to Corporate Banking’s outstanding credit facilities (both direct and operational exposure), to ensure these CBEs accurately reflect the terms set forth in various internal credit documents and formal legal documents.

Posting End Date: 

30 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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