Senior Institutional Investment Operations Specialist - Approval to Transact Team
About the position Wells Fargo is seeking a Senior Institutional Investment Operations Specialist to join the Approval to Transact team as part of the Corporate Investment Banking (CIB) Securities Shared Services Operations (Shared Services) organization, a cross-functional group of teams supporting CIB as well as the broader Wells Fargo organization. The Approval to Transact (A2T) senior specialist is expected to: Problem solve trade violations of certain Regulatory Programs by leveraging internal system and teams to discover fact patterns to determine remediation Manage Perform sample checks transaction and clients are compliant with regulation and internal policies/requirement/procedures. Identify patterns in Regulatory Programs and update the Compliance Stats to prevent more research/ outreach Track Violations and escalate and work with various Operational teams on resolution - Coordinate with groups to publish and highlight true violations – Streamline the Track Do Not Trade List and coordinate within Ops to remove trade links - provide meaningful subject matter expertise, understand internal/external rules/requirements/SLAs Steward A2T touchpoints with upstream/horizontal/downstream stakeholders such as legal, client onboarding, reference data, financial crimes, agreement management, regulatory reporting, technology, and new products - identify and remediate (legacy or new) issues, gaps, risks, data quality and technology deficiencies; be resourceful and proactive with solutions Establish and maintain strong relationships with Legal, Credit, Compliance, Financial Crimes, Operations, Business, and other internal stakeholders. Manage monthly metrics and newsletters for our stakeholder’s. Responsibilities • Problem solve trade violations of certain Regulatory Programs by leveraging internal system and teams to discover fact patterns to determine remediation • Perform sample checks transaction and clients are compliant with regulation and internal policies/requirement/procedures • Identify patterns in Regulatory Programs and update the Compliance Stats to prevent more research/ outreach • Track Violations and escalate and work with various Operational teams on resolution • Coordinate with groups to publish and highlight true violations • Streamline the Track Do Not Trade List and coordinate within Ops to remove trade links • Provide meaningful subject matter expertise, understand internal/external rules/requirements/SLAs • Steward A2T touchpoints with upstream/horizontal/downstream stakeholders such as legal, client onboarding, reference data, financial crimes, agreement management, regulatory reporting, technology, and new products • Identify and remediate (legacy or new) issues, gaps, risks, data quality and technology deficiencies • Establish and maintain strong relationships with Legal, Credit, Compliance, Financial Crimes, Operations, Business, and other internal stakeholders • Manage monthly metrics and newsletters for our stakeholder’s Requirements • 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education • Intermediate Microsoft Office skills including proficiency with PowerPoint presentation • Microsoft Excel spreadsheets experience importing, exporting, and manipulating large data • Excellent verbal, written, and interpersonal communication skills • Effective organizational, multi-tasking, and prioritizing skills • Ability to work in a fast-paced deadline driven environment • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management • Ability to effectively assess stakeholder, partner, or client needs while consulting, building solutions, and developing processes • Strong analytical skills with high attention to detail and accuracy • Ability to effectively assess stakeholder, partner, or client needs while consulting, building solutions, and developing processes • Knowledge and understanding of roles of operations, compliance, client account set-up processes and procedures for corporations and public entities • Strong collaboration and partnering skills • Ability to coordinate completion of multiple tasks and meet aggressive time frames • Ability to interact with all levels of an organization • Experience building partnerships and consulting effectively with leadership • Ability to work additional hours as needed, regular work hours 8AM - 5PM • Work at the posted location below on a hybrid schedule of three (3) days in office and two (2) days from home Nice-to-haves • 4+ years of capital markets industry experience • 4+ years of experience in one or a combination of the following: securitization accounting, collateral servicing, financial reporting for securitizations, Regulation AB compliance or daily reconciliations of cash for securitized assets. • 4+ years of experience in the following Regulatory Programs: OTC derivatives-based regulations (such as Dodd-Frank, Emir, Margin rules) SEC/Finra/MSRB regulations with onboarding touchpoints (such as those governing, suitability, approvals, transparency, privacy, and disclosures) Mifid and HKMA onboarding requirements KYC (AML/BSA, Fincen, Travel rule) Tax Documentation (Fatca, CRS) QFC Resolution Stay and Recordkeeping • Extensive knowledge and understanding of loan, securities, and derivative products (front to back flow of exchange traded derivatives) Benefits • Health benefits • 401(k) Plan • Paid time off • Disability benefits • Life insurance, critical illness insurance, and accident insurance • Parental leave • Critical caregiving leave • Discounts and savings • Commuter benefits • Tuition reimbursement • Scholarships for dependent children • Adoption reimbursement Apply tot his job