About this role:
Wells Fargo is seeking a Senior Institutional Investment Operations Specialist (DTC Team Lead) as part of Corporate and Investment Banking (CIB) Operations.
In this role, you will:
Serve as a touchpoint on issues and current status for the DTC Settlements manager in day-to-day activities.Be responsible for daily DTC settlement and fail control processing across domestic settlement markets for all DTC-eligible product types.Provide leadership to bring groups together to resolve multi-faceted complex issues.Monitor both internal and external systems related to trade settlements from both trade clearance and operational risk standpoints.Act as a liaison between settlement and various internal and external clients/business partners (Middle Office/Sales, Securities Finance, Compliance, Repo/Funding Desk, counterparty back offices, vendor contacts).Maintain a high level of service between settlements and the functional areas we support.Lead or participate in moderately complex initiatives and deliverables.Contribute to large scale planning related to process, procedures and efficiencies with internal and industry related initiatives.Serve as a leader on projects along with internal and industry related initiatives and be comfortable owning deliverables in a timely fashion.Review and analyze complex functional and operational tasks that require in-depth evaluation.Monitor regulatory buy-in processes and action accordingly (204, Reg-T, MSRB)Leverage buy-in processes to reduce fail obligations and firm risk (seg deficits)Monitor CNS obligations and liabilities and liaise with Securities Lending to remediate short positions and fails to receive.Monitor Smart/TRACK system for buy-in notices from counterparties.Liaise with counterparties to remediate open buy-in obligations.Provide coverage for international buy-in obligations.Maintain firm policies and procedures relative to street buy-in practices.Manage client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, general ledger reconciliation, as well as work to resolve confirmation and ISDA related issuesIdentify and recommend opportunities for process improvement and risk control development.Exercise independent judgment and resolution to guide the deliverable.Resolve moderately complex issues.Lead team to meet functional area projects, and process deliverables.Leverage solid understanding of functions, policies, procedures and compliance requirements.Mentor and assist analysts.Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
Required Qualification:
Desired Qualifications:
Job Expectations:
Monday - Friday – multiple shifts between 6:00am and 6:00pm.
This position offers a hybrid work schedule in the location listed below.
Relocation assistance is not available for this position.
Visa Sponsorship not available for this position.
Registration for FINRA Series 7 or 99 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.Posting Location:
1525 West W T Harris Blvd 1108, Charlotte, NC 28262
Corporate & Investment Banking (“CIB”) delivers a comprehensive suite of capital markets, banking, and financial products and services. As a trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.
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.
Posting End Date:
27 Oct 2024*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.