Department Overview

Corporate and Investment Banking (CIB) Securities Operations is a cross-functional group of teams that provide support for CIB-Markets and the broader Wells Fargo organization. The Middle Office operations team in India along with their onshore partners are primarily responsible for the daily support of Rates, Equity, Credit, Commodities, Money markets, Residential commercial backed securities, and Commercial mortgage-backed securities, Government securities trading and sales desks.

About this role:

Wells Fargo is seeking an Institutional Investment Operations Specialist

In this role, you will:

Be expected to work closely with the Middle Office LOBs in US and broad Operations functions.

Some of the key functions would be a) Exception management through various reconciliations, b) Queue monitoring, c) performing trade affirmations, allocations & validation, d) producing key metrics & varied reporting.

Shall be able to demonstrate good understanding of financial products and key regulations impacting the financial markets.

Responsibilities to include

Support the lifecycle of Institutional trades while managing a larger group or multiple groups covering the following functions; Performing QA (Quality Assurance) of commercial loan products including validating pricing attributes & other key loan parameters..

Ability to read the language in the agreement and translate that into data as it may be presented in the loan system and Validate it back to agreement.

Need to understand commercial/residential loans product, revolvers or revolving line of credit.

Validate Loan IQ system and the Loan agreements.

Ability to work through reconciliations and escalate differences for research and resolution.

Upload deal docs (loan documents) associated with New Deal onboarding and Modifications to ICMP.

Ensure that all events are logged into the workflow tool, event status is kept up to date, and any aged deliverables are escalated.

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

Interpret and develop policies and procedures for functions with low to moderate complexity

Ability to accurately process high volumes of work within established deadlines

Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas, foster team work

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:

University degree/Post graduation in Business /Accounts/Economics/Stats.

2+ years of experience in the institutional Investment Banking Operations in Asset backed financing, commercial loans & residential loans

Functional experience of working in Loan IQ system.

Working knowledge of the either of functions ex: Middle office Operations, Product control, trade & sales support, trader/sales assistant.

Good understanding of Middle office controls, daily risk & PnL

Willing to work in US Shift.

Ability to work in a fast-paced environment and time constraints

Strong communication skills

Job Expectations:

Experiences should include familiarity with Investment industry and practices in the Financial Services industry as well as operational delivery experience

Analytic thinker who likes to solve problems with strong attention to detail

Analyst should have strong numerical and analytical skills, strong articulation and out of box thinking.

Good problem solving, analytical and numerical skills

Posting End Date: 

*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.

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