Institutional Investment Operations Specialist

About this role:

Wells Fargo is seeking an Institutional Investment Operations Specialist in Derivative Confirmations

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
• Assist in client account onboarding, input and monitoring of cash payments, customer service, project support, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as, work to resolve confirmation and ISDA related issue
• Provide subject matter expertise on projects along with internal and industry related initiatives
• 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:

• MBA or an advanced degree (or equivalent exp.)
• 2+ years of experience in Inbound(preference) and Outbound OTC Derivative Confirmation
• 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
• Experience of working across one or more geographic territories or regions.
• Must be a good team player with a high degree of flexibility, prepared to work in a deadline-driven and fast-paced environment
• Experience of working with senior leaders cutting across Technology, Operations and Strategy functions is an added advantage
• Understands Derivatives trade life cycle and associated functions
• Good understanding on Calypso, Endur, Pega and other industry standard applications
• ISDA definitions
• Excellent internal/external client handling skills.

Job Expectation:

• Ensure the process of reviewing Confirmation and matching are completed on timely basis
• Escalate in a timely manner within the Operations group and Front office to ensure prompt resolution of exceptions/disputes
• Responsible for minimizing financial losses by identifying and resolving trade capture errors, reconciling trade activity between system of record and any trade-related documentation, and ensuring all economic terms and necessary protective and fallback clauses are confirmed
• Serve as liaison with all lines of business, internal legal and compliance departments in order to ensure transaction information is correct and complete.
• Responsible for supporting U.S. securities or over the counter (OTC) derivatives transactions
• Continue to be aware of and aid the team's compliance with regulatory, tax-related, and asset class-specific market developments by, among other activities, attending and participating in internal and ISDA-organized working groups
• Regularly seek opportunities to improve processes, controls, and procedures to improve efficiencies, deepen the team's understanding of products, and mitigate risk
• Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing
• Partner with Technology to identify/ resolve system issues, and implements system enhancements to increase efficiency
• Display sound working knowledge around derivatives products, terminologies and trade life cycle
• Acquainted with ISDA standards & definitions
• Ensure all high-risk items are flagged off to the management on timely basis and the escalation matrix is followed
• Swiftly Identify potential risks in operational processes develops and implements controls to mitigate related risk
• Display strong analytical skills to improve workflow to increase operational efficiency
• Organize the work of the team, assigns task, sets short-term priorities, monitors all activities and ensure timely and accurate completion of the work
• Periodically reviews the procedure documents and check list
• Ensure all client queries/disputes are solved within defined timelines
• Understands needs and sensitivities of internal and external clients and proactively ensuring these are met
• Builds relationship with businesses and counterparties to ensure effective escalation and timely resolutions.

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.

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