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Senior Vice President - Securities Operations Director

  • Operations
  • Full time
  • R-207119

About this role:

Wells Fargo is seeking a Securities Operations Director...

Wealth and Investment Management (WIM) businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, and both individual and institutional retirement.

Position Summary:

We have consolidated all operational capabilities into a new WIM Operations group, which will enable the delivery of WIM products and services, and result in scalable operations capabilities, reduce operational risk, contribute to a differentiated client experience, and simplify process flows and technology infrastructure. Reporting directly to the head of WIM at WFIP, the leader will manage teams performing operational capabilities required to support the business, execute the next generation of operations by collaborating with the management team to develop and implement plans for the operational infrastructure of systems, processes and personnel. 

The leader must be a seasoned operations leader with a passion for excellence, client experience, efficiency, control and transformation. 

This leader will be responsible for leading a team of approximately 300-500 team members. 

Direct span of control

7-10 managers

Indirect span of control

~500+ Operations voice and processing teams across same / multiple sites (based on complexity)

The incumbent should have over 15-20 years of experience with Financial Services industry with a strong ability to:

  • Leverage experience transforming operational functions in the financial services industry to bring teams together and build effective, efficient operational capabilities aligned with client journeys.
  • Provide leadership to all aligned teams to improve processes, implement controls, manage resources, and execute on the WIM Operations strategic plan. 
  • Collaborate with senior leaders and provide input to establish the strategic direction for business initiatives.
  • Ensure operational policies and procedures comply with regulatory compliance for all aligned capabilities.
  • Recruit, develop, and retain top talent.
  • Contribute to the long term vision and series of key client, team member, operational, risk, cultural, and financial outcomes to be achieved with transformation.
  • Contribute to the development and evolution of a multi-year transformation roadmap.
  • Develop and execute effective change strategies and plans in collaboration with COEs, Operations leadership, Ops Tech leadership, and other key partners to ensure adoption, high team ember engagement, and achieve desired outcomes. 
  • Develop and execute processes and tools to hold individuals and teams accountable for progress.
  • Contribute to the development of digital strategies to improve the client experience and make the business more efficient and effective.
  • Ensure all compliance and regulatory requirements are implemented, and SLAs to all partners and stakeholders are met.
  • Participate in the review of end-to-end business processes to determine where we can simplify and create more efficiencies.
  • Implement a continuous improvement program to ensure processes and procedures remain current and appropriate.
  • Benchmark with other operational teams and leverage industry best practices regarding tools and processes where possible and appropriate.
  • Develop and execute measurement strategies in partnership with finance and others to measure progress and the ultimate impact of initiatives; ensure alignment with stated goals and commitments, and facilitate remediation plans if needed to deliver on commitments.
  • Develop and leverage data-based insights to manage teams and drive continuous improvement.

Primary (what she/he does 80% of the time)

  • Leading Operations for a large, complex LOB and/or multiple LOBs
  • Build and lead a team of approximately 500+ across a LOB or LOBs. This span is based on the complexity of the process.                                 
  • Build and lead a team to deliver quality and cost effective off-shoring solutions to the US managers
  • Manage the LoB’s budgets, revenues and expenses                                        
  • Engage and manage stakeholder relationships and provide solutions when needed
  • Engage the partners (counterparts in the US) to plan, assign and manage the delivery of work
  • Operational Excellence: focus on driving continuous improvement                                     
  • Risk Management: proactively identify risks and build robust internal controls          
  • Develop and maintain a flexible and skilled resource base for provision of the service collaborating with colleagues for efficient resource management                        
  • Create opportunities for growth, both horizontal and vertical.                               
  • Use Rewards and Recognition to motivate staff and encourage performance.            
  • Improve Staff Engagement and manage attrition.          

Secondary (what s/he does 20% of the time)

  • Review and drive improvements in policies, practices and procedures on an ongoing basis with the view to creating an environment of constant improvement             
  • Establishment of service performance measures tied to business outcomes               
  • Evaluate impact, implement and measure improvements in standards achieved.  Build up and maintain a sound knowledge of industry practices and procedures and examine value to the current internal environment                                           
  • Ensure proactive risk management                                             
  • Undertake management of cross-departmental projects, collaborating with other group to achieve WF and WFIS wide objectives in India, Philippines and in the US          
  • Align operating processes with respective LoB’s in WF.  Establish proper operating metrics, and effect continuous improvement
  • Create visibility of operations through reporting / metrics        

Unique Knowledge & Skill Requirement

  • Expertise in Wealth Management, Retail Brokerage or Financial Services Industry business and operational capabilities.
  • Demonstrated ability leading a major function or large geographic segment of a financial services organization                                             
  • Demonstrated ability to interact with effectively with a variety of contacts, primarily senior management
  • Solid risk management skills                                             
  • Demonstrated ability to manage through middle and upper level managers                
  • Demonstrated ability to contribute to companywide strategy and to use strategy to drive results               
  • Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas             
  • A seasoned, relationship-driven executive who will have the style and sensitivity to work within a highly complex business environment.  Multi-cultural sensitivity a must.                                   
  • Exhibits excellent problem solving and analytical skills                                 
  • Experienced in process improvement and quality frameworks
  • Excellent soft skills - communication skills and ability to influence at senior levels  
  • Demonstrate expertise in project management, stakeholder engagement, people leadership, delivery of quality work products
  • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
  • Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
  • Ability to negotiate and facilitate issue resolution
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Preferrably with a FINRA Series 7/24/99 but it is not required

Operating Environment

Deliver work/projects as agreed with the LOB / Stakeholders and Management.                     

Key Differentiating Factor                                

  • Exhibits solid time management skills and works to meet or exceed all deadlines, strong project management skills                                   
  • Demonstrates ability to work independently, ability to effectively delegate assignments                  
  • Exhibits excellent planning and implementation skills                                   
  • Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas
  • Demonstrates ability to drive transformation, lead and engage team members        
  • Motivates self and inspires others into positive actions                               
  • Demonstrates the appropriate level of tact and diplomacy when dealing with difficult/stressful situations

Key Result Areas (KRAs)

  • Plan and manage skill portfolio of staff in view of future needs                                              
  • Facilitate the progression of ideas to business cases and projects in accordance with agreed priorities                                          
  • Budget forward load in consultation with the US and India managers                                
  • Monitor expense budget items for his / her team                                             
  • Use optimal resourcing mix to attain financial goals                                       
  • Identify opportunities for offshoring within the overall strategy of LoB                          
  • Continually identify and drive opportunities for process improvement                            
  • Negotiate and manage deliverables involving diagnostic of the business requirements                       
  • Establish effective communication with US Managers                                  

Minimum Educ. Qualification

Required to have higher level degree in Business, Accounting, or Finance (highest level related to B.Com, M.Com, MBA or CA)

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, or status as a protected veteran.

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.


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