Institutional Investment Operations Associate

About this role:

Wells Fargo is seeking a Institutional Investment Operations Associate

In this role, you will:

• Provide operational and customer support for lifecycle tasks for institutional trades
• Assist with client account onboarding, input and monitoring of cash payments, customer service, funding operations, custodial operations, securities settlement services, asset servicing structured loan operations, general ledger reconciliation and work to resolve confirmation and ISDA related issues
• Assist in gathering data to support resolution of issues
• Receive direction from manager and exercise judgment within defined parameters of the area while developing understanding of various functions, policies and procedures
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

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

Desired Qualifications:

• Reconcile Top day cleared trades at various exchanges by Wells Fargo and process missing trades in GMI to match with exchange
• Monitor top day executions and clearing activity across various markets and ensure there have not been any technical issues which may interrupt the STP process
• Maintain accurate books and records of the customer
• Perform Middle office to Back Office reconciliations and ensure timely identification, notification and resolution of breaks
• Perform daily reconciliation of exchange fees and report discrepancies to the fee control group to make necessary adjustments with match with Exchange.
• Proactively address and resolve the queries raised by customer
• Collaborate closely with Onshore/Offshore teams, Front Office, Risk, Finance, and Technology to ensure process integrity and client satisfaction.
• Identifying opportunities to improve the process through partnership with other teams and implement best practices
• Co-ordinate and work with the team to ensure smooth functioning of BAU
• Develop and maintain MIS on end-to-end process for tracking turnaround times of deliverables from team and other processing areas
• Maintain and update procedural documentation and knowledge repositories to support team knowledge retention and onboarding.
• Contribute to monthly/quarterly MIS reporting, audit requests as required.

Job Expectations:

• Strong knowledge of Listed and OTC derivative products
• Good Understanding of Trade Life Cycle
• Minimum 6 Months of working experience in Derivative Clearing Services
• Experience of Working with GMI and Clear Vision is must
• Strong Accounting skills
• Well versed with advanced Excel functions
• Strong Analytic ability, attention to detail and strong problem-solving skills
• Ability to communicate (written/verbal) effectively at all organizational levels

 Desired Skills

• Excellent teamwork skills
• Excellent Interpersonal skills – ability to build relationships
• Ability to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as long term strategic goals
• Flexible to work in rotational shifts
• Good at multi-tasking and process handling

Posting End Date: 

*Job posting may come down early due to volume of applicants.

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.

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.