[Skip To Content]
Laptop

Institutional Investment Operations Specialist

  • Operations
  • Full time
  • R-378101

About this role:

Wells Fargo is seeking an Institutional Investment Operations Specialist to join our Tax Operations team as part of Corporate and Investment Banking (CIB) Operations.


In this role, you will:

  • Participate in lifecycle support tasks for institutional trade initiatives and identify opportunity for process improvements
  • Assist leadership in bringing individual or teams together in order to resolve complex issues
  • Handling tax documentation, withholding and reporting inquiries raised by business partners
  • Daily TEFRA, NRA and FATCA withholding reconciliation and remittance
  • Reconcile withholding and reporting files to ensure correct withholding is applied
  • Research and resolution of reporting and withholding exceptions through the manual payment files
  • 1099 and 1042-S reporting tasks such as; QC of form reviews, Assist with trial runs and processing of tax reporting adjustments.  
  • Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
  • Present recommendations for resolving complex situations and exercise independent judgement while developing expertise on functions, projects, internal and industry related initiatives
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals


Required Qualifications:

  • 2+ 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:

  • 2+ years of experience in Tax Operations with a basic understanding of: Chapter 3 (NRA), Chapter 4 (FATCA), and Chapter 61 (TEFRA) withholding and reporting requirements
  • Preparation of Forms 1099 and 1042-S
  • Understanding of IRS Forms W-9, W-8IMY, W-8BEN-E, and W-8ECI
  • Technical tax withholding and reporting compliance (1099 INT, 1099 MISC, 1099-B, 1042-S, IMY Reporting to Beneficiary Owners)
  • Cost Basis reporting
  • International Tax, including relief at source
  • Project management skills with a focus on process improvement and change management; experience with UAT testing and vendor management

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

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: 

18 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.


Rejoignez notre communauté de talents

En savoir plus sur les événements à venir et les opportunités de carrière chez Wells Fargo.

Rejoignez vous
JK 1212 1236 B 4MP