Institutional Investment Operations Specialist

About this role:

Wells Fargo is seeking an Institutional Investment Operations Specialist.

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
• Act as a control group for sales and trading desk.
• Coordinate day-to-day activities for access configuration, inventory/access management.
• Coverage assignment for Sales and Trading desks enabling them to execute and book the trades and manage fees.
• Proficient on all regulatory, legal, and operational rules/policies impacting client data.
• Strong Knowledge of the banking regulatory reporting rules and US regulations FINRA,QFC,Dodd Frank Act, SBS, SEC15a6, MSRB,MIFID II etc.
• Independently research and analyze regulatory reporting requirements and other financial documents and ensure Regulatory reporting requirements are clearly communicated to the business units publish source data reports
• Identifies and highlight/escalate potential risk arising within process.
• Excellent Interpersonal skills ability to build relationships.
• Oversee BAU and identify process enhancement opportunities
• Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
• Work with other Client Data teams to effectively manage and process client data requests
• Develop strong working relationships with stakeholders Sales, Compliance, other onboarding teams
• Ensure and Adhere to the Regulatory Reporting standards, policies and procedures
• Become a risk manager by ensuring data integrity and challenging where required
• Provide reporting to senior leadership and produce insightful analyses of the business upon request for management

Required Qualifications:

Bachelor's degree in Accounting, Finance, or a business-related field is strongly preferred
Previous experience in Operations and/or Financial Services industry - Relevant work experience of 2 plus years in one or a combination of the following: middle office, collateral, documentation, project management, business operations, strategic planning in regulatory oversight, AML/KYC, US tax regime & compliance and client onboarding within Corporate Investment BankingExcellent communication skills both written and verbalKnowledge and understanding of Excel, PowerPoint, Word and adaptability to other software productsAbility to research, compile, and perform complex analysis on critical operational dataBe highly collaborative and team-orientedDemonstrate strong analytical and interpersonal skillsAbility to work with impacted areas to understand complex problemsAbility to work in a fast-paced, team oriented environmentStrong multi-tasking abilities in a high performance, high demand environmentAbility to think strategically, drive consensus and influence decision making

Desired Qualifications:

• 2+ years of Institutional Investment Operations experience
• Strong Knowledge of the banking regulatory reporting rules and regulations including FINRA 4210, QFC,DFA,MIFID II and other key regulatory policies and rules.

Job Expectations:

• Extensive knowledge and understanding of all capital markets products, industry trends, regulatory changes, and industry-wide best practices.
• Ability to independently research and analyze regulatory reporting requirements and other financial documents
• Ability to understand and work with data, including creating alignment among various data sources, developing trends, and creating risk-based analytics from multiple information sources.
• Extensive knowledge and experience supporting Fixed Income and Equity Sales & Trading Lines of Business.
• Advanced knowledge of client on-boarding life-cycle
• Strong Analytic ability, with high attention to detail, accuracy and strong problem solving skills
• Ability to communicate (written/verbal) effectively at all organizational levels
• Ability to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as longer term strategic goals
• Perform analysis of, and make recommendations on functionality/efficiency of established controls and processes to ensure appropriate risk based operational procedures are in place and are meeting regulatory requirements/expectations

Process Overview-

Operations are responsible for end-to-end client data strategy, data connectivity, data integrity and reporting. We act as data steward for core client & related data elements. It also supports maintaining client data and lifecycle space through system integration, data validation, automation and instituting Lean workflow principles. In addition, it provides strategy across the maintenance space that focuses on enhancing existing processes while mitigating risk and leveraging vendor solutions, where applicable.
Our teams work closely across the firm to develop and deliver new products and services, while mitigating operational risk and enhancing the client experience. We drive process and technology change to scale and automate our businesses. To summarize, for every new product launched and every trade executed, it is Operations that develop and manages the processes and controls that enable business flow.

About the Role-

Team Member will be part of the Reg Due Diligence team and should at least deep understanding of US regulations(such as DFA,FINRA,MIFID,IBOR,QFC..etc.). Team member will be responsible for analyzing and maintaining client documentation, Regulatory reporting data as part of the Client On-Boarding process. You will also drive initiatives and provide solutions that will have an impact on client experience and risk mitigation.
This role will also co-ordinate with the front office directly. The role will be the central point of contact within the various Regulatory products such as Fixed Income Cash,Repo,Reverse repo, Mortgages.