About this role:
Wells Fargo is seeking a...
In this role, you will:
Perform a variety of operational tasks for complex institutional trades or process extensive knowledge of systemsProvide ideas for improving or implementing processesPerform moderately complex duties such as processing, researching inquires, and reconciling transactionsReview time sensitive documentsProvide training or work direction to less experienced staffSupport audit requirements within the processAddress compliance and corporate governance issues for the departmentLead or participate in projectsCollaborate and consult with peers, colleagues, and managers to resolve issues and achieve goalsInteract with internal and external customers as per prescribed process or procedureIdentify and drive process re-engineering or transformation opportunities within the processReceive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.Owning onboarding a new opportunity end to end including relationship management, request management and delegation to downstream partnersKnowledge about building Collateral agreements (ISDA, CSA & MSFTA), setting up of Cash & Security SSI Instructions & Trade Reconciliations.Working with onshore Client Data teams to effectively manage an onboarding requestCommunicating the status to internal stakeholdersIdentifying opportunities to improve the process through partnership with other teamsManagement of client connectivity, Trade set-up and configuration processesProviding feedback to continually improve the processAssist with balancing team work loadIdentify issues with the process, create and drive a solutionDevelop and maintain MIS on end to end process for tracking turnaround times of deliverables from team and other processing areasThe candidate will be responsible for completing UAT testing related to projects that impact the group. Implementing new products and operational processes related to the Derivatives Clearing System.Responsible for developing workflow, system configuration and static data within the front and back office system.Foster team relationships with peers and outside vendors that regularly interact with the department to effectively accomplish the team’s goals.Maintain Derivatives System Solution group procedures ensuring they are up to date incorporating the most recent industry specific best practices for Derivatives Clearing.Determine process improvements, efficiencies and cost saving initiatives that will enhance the performance of the group.Manage Clearing House and Vendor relationships as it relates to Derivatives Clearing System Solutions.Work as part of project teams to implement new processes and improvements as needed.
Required Qualifications:
4+ 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:
Minimum years of experience in one or a combination of the following: Collateral Agreements onboarding, middle office, collateral Operations, ETD & OTC Derivatives, project management, Experience working in Collateral Systems, GMI & Calypso systems.Excellent verbal, written (including drafting), and interpersonal communication skills.Microsoft Excel spreadsheets experience importing, exporting, formulas, and manipulating data.Ability to research, compile, and perform complex analysis on critical operational data.Experience working with changing priorities and deadlines. Highly motivated with ability to drive results.Highly organized with very strong attention to detail. Excellent presentation skills.Ability to work with impacted areas to understand complex problems. Ability to multi-task, perform under pressure and meet tight deadlines. Excellent Interpersonal skills – ability to build relationships
Job Expectations:
Knowledge of the following systems: GMI, Colline, Broadridge, Calypso.Advanced knowledge of trade processing life-cycle of derivative products and Collateral OperationsStrong Analytic ability, attention to detail and strong problem solving skillsAbility to communicate (written/verbal) effectively at all organizational levelsExcellent Interpersonal skills – ability to build relationshipsAbility to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as longer term
Posting End Date:
20 Feb 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.