About this role:
Wells Fargo is seeking a Lead Institutional Investment Operations Specialist
In this role, you will:
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Be required to have Capital Markets (Corporate Investment Banking-CIB) experience,
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Be responsible for executing the Process review and Enhancement(PRE) programs like Self Inspection program (SIP), Business Continuity Planning (BCP), weekly production of WFS Operations metric program and assisting in running the functional Risk and control Periodic Governance meeting and Information Security Controls across the different business units in the firm as Cross Functional SIP.
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The candidate needs to own the organizational wide initiatives from risk, control perspective, and run it across the business units as a single point of contact.
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A thorough understanding in reference to CIB organizational policies and procedures is required to simplify and socialize with the teams for an improved adoption and adherence. Eg: Personal Investment Policy, Information Barrier Policy, Required Absence for Sensitive positions policy, FINRA rule 1420 and
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Candidate will be working for more than one business unit as Cross Function SIP hence required to know the domain knowledge across Reference Data Services, Broker Dealer, FX, Future Commission Merchant and Derivatives Settlements and Middle office Operations as cross-functional SIP
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Candidate is expected to know Organizational (CIB) wide risks and controls to establish strong governance around it and monitoring and reporting the control performance across the business units.
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Experience in operational risk management, incident management, Issue Management, Control Testing, RCSA is very much essential.
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Candidate is expected understand operational incidents/events(ICT) and should be capable to run throuhg the root causes finding sessions with business team’s assistance. Good Written skills are very much needed.
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Understanding of Control Testing and its attributes and writing the testing script and summarizing, presenting the testing result to senior leadership is essential.
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Experience in Capital Market operations/middle office operations into the trade life cycle of static data, confirmations, settlements, reconciliations and investigations.
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Good amount of working experience in the product classes like FX, equity, fixed income with the functional expertise of brokerage, broker dealer services.
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Expert experience in Operational risk, specifically identifying and assessing the Key risks, Key Controls, and key risk indicators
In addition, the below are the standard SIP responsibilities.
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The candidate is expected to conduct walk through sessions with the different operations teams and socialize the team members in order to maintain a collaborative environment to perform process gap analysis, control testing, Metric Mapping, Identifying Key risk indicators and continuous monitoring
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The successful candidate will be responsible for supporting these work streams.
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For SIP, the candidate will work closely with PRE I&P manager on executing assessment of WFS Operations EGS functions.
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For WFS Operations Strategy and Metrics, the candidate will contribute to the KRI/KPI/KCI metric platform for local teams across the organization as part of team strategy.
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Successful candidates will need to build and manage cross-functional, cross-organizational relationships through consistent collaboration.
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The individual will also work with technical and operational partners throughout WFS
Required Qualifications:
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5+ 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:
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Experience in Capital Market operations/middle office operations into the trade life cycle of static data, confirmations, settlements, reconciliations and investigations.
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Good amount of working experience in the product classes like FX, equity, fixed income with the functional expertise of brokerage, broker dealer services.
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Moderate experience in Operational risk, specifically identifying and assessing the Key risks, Key Controls, and key risk indicators.
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English language proficiency. Ability to work nights
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Attention to detail
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Understanding of the process’s flows, process gaps and controls associated with a Capital Market operations/middle office operations
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Knowledge of BCP and Risk Mgt.
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MS Office skills
Posting End Date:
14 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.
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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