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
Responsibilities -
- Work has a case operator, to submit requests to internal client onboarding teams
- Understand and implement client's requirement by liaising with internal and external counterparties to ensure seamless transition and onboarding.
- Coordinate and manage tasks across a multi-disciplined team to ensure all operational information relating to an account event is received and systems are set up prior to account trading activity
- Providing effective thought leadership in navigating evolving industry trends, client needs, business growth, financial regulatory landscape and helping to develop solutions to build appropriate architecture
- Complete BAU responsibilities and identify process enhancement opportunities
- Request management and delegation to downstream partners
- Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
- Working cohesively with U.S. Client Facilitation teams to effectively manage and process client data requests
- Develop strong working relationships with Sales, Trading Desks, Collateral, Client Accounts, CDD, and 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
- Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures
- Independently research and analyze regulatory reporting requirements and other financial documents
- Provide reporting to senior leadership and produce insightful analyses of the business upon request for management
Preferred Skills-
- Previous experience of 6 + years in a similar on-boarding team or any one or more Client Onboarding process i.e., KYC / CDD > Credits > Legal > Regulatory Due Diligence > Documentation > Account opening / Maintenance
- Strong Knowledge of the banking regulatory reporting rules and regulations including FINRA, Qualified Financial Contracts and Dodd Frank regulations
- Understanding of client onboarding documentation, including working knowledge of requirements driving KYC/CDD/EDD, AML, Tax, regulatory & ISDA documentation
- Ability to independently research and analyze regulatory reporting requirements and other financial documents
- Extensive knowledge and understanding of loan, securities and derivative products
- Advanced knowledge of trade processing life-cycle
- Advanced knowledge of the Microsoft applications including Excel, Access Database and Tableau
- Excellent teamwork skills
- Familiar with market utility vendors such as Markit and OMGEO to collect and analyze client onboarding documents and requirements
- Strong Analytic ability, with high attention to detail, accuracy and strong problem solving skills
- Ability to communicate (written/verbal) effectively at all organizational levels
- Excellent Interpersonal skills – ability to build relationships
- 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/expectation
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 5+ years in one or a combination of the following: middle office, collateral, documentation, client onboarding, project management, business operations, strategic planning in financial services, regulatory oversight, AML/KYC, US tax regime & compliance and SSI setup
- Excellent communication skills both written and verbal
- Knowledge and understanding of Excel, PowerPoint, Word and adaptability to other software products
- 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:
9 Mar 2025
*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.
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.
Top Skills
What We Do
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.
Why Work With Us
We're known for our “Well Life” approach to supporting employees’ career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 LinkedIn Top Companies list – and #1 among financial services companies – as the best workplace “to grow your career” in the U.S.
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