Institutional Investment Operations Representative

About this role:

Wells Fargo is seeking a Institutional Investment Operations Representative.

In this role, you will:

• Perform a variety of operational tasks for routine and medium complex institutional trades that require general knowledge of unit functions and systems

• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve process specific goals

• Review time sensitive document

• Support audit requirements within the process

• Address compliance and corporate governance issues for the department

• Interact with internal and external customers as per prescribed process or procedure

• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve process goals

• Execute tasks and perform activities as per direction from leaders and understand function, policies, procedures, and compliance requirements

Required Qualifications:

• 1+ year of Institutional Investment Operations support experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Settlements is the final step in the lifecycle of a Derivatives transaction. Team will be responsible for confirming Settlements with counterparties, analyze & reconcile accounts every day, the breaks with Middle Office & Front office groups and escalate the issues to the management.

• Support the team working on Derivative Settlements

• Providing support to Derivative clients across Rates, equities, credit, and commodity products

• Identify and recommend opportunities for process improvement and risk control development.

• Collaborate with all business partners and various departments, create efficiencies, and mitigate risk for team and organization

• Make daily supervisory decisions for team of analysts and resolve issues related to team supervision, work allocation, and daily operations

• Leverage interpretation of policies, procedures, and compliance requirements

• Lead the team to achieve objectives and strategy

• Supervise confirmation of payments, processing of daily settlements as well as providing support to external and internal clients

• Organizes the work of the team, assigns task, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work

• Understands needs and sensitivities of internal and external clients and proactively ensures these are met

• Partner with Technology to identify/resolve system issues and implement system enhancements to increase efficiency

• Proactive in identifying potential issues, handling the same and escalating issues to Senior Mgt. in a timely manner

• Participate by leading & driving Organization wide initiatives within CIB

• Drive learning Initiatives, Adherence to discipline, punctuality & compliance by the team and manage attrition

Job Expectations:

• MBA or an advanced degree (or equivalent exp.)

• Experience of 0-2 years in OTC Derivative Settlements domain which includes Pre-Confirmation, Post Confirmation, Reset advise and Clearing Settlements

• Understanding about current Regulations and their impact on OTC market & settlements function

• Ability to effectively communicate (written/verbal)

• Ability to plan and organize workload within tight deadlines and meeting day-to-day objectives.

• Should have good understanding of Derivative Rates, Equity, credit and commodity products

• Strong interpersonal and influencing skills, with the ability to build strong partnership with business stakeholders and other support functions

• Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments

• Understanding about current Regulations and their impact on OTC market & settlements function

• Strong knowledge of market settlement processes like Clearstream, Euroclear and LCH etc.

• Perform process improvement and redesign - proactively identify, analyze and improve existing processes including leading process reengineering initiatives.

• Should be competent in leading & managing transition of processes from other locations

• Strong knowledge of US, European and Asian market settlement processes

• Ability to effectively communicate (written/verbal)

• Willing to work in US shifts

Posting End Date:

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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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