About this role:Wells Fargo is seeking a Lead Institutional Investment Operations Specialist to join our Approval to Transact team as part of Corporate and Investment Banking (CIB) Operations group.As a Lead Institutional Investment Operations Specialist you will assume a leading role in implementation of new policies, regulations, technology, and onboarding initiatives - convert policies into procedures, processes and controls, working in partnership with compliance, legal, 1st and 2nd line control, COB, and other stakeholders - improve operational controls to ensure auditability, transparency, and consistency - benchmark internal requirements and processes against industry best practices - oversee governance for "approval to transact" violations - act as a central point of contact for all client onboarding related audits.In this role, you will:
Problem solve trade violations of certain Regulatory Programs by leveraging internal system and teams to discover fact patterns to determine remediation
Manage and perform Quality Assurance sample checks transaction and clients are compliant with regulation and internal policies/requirement/ procedures.
Track Violations and escalate and work with various Operational teams on resolution
Identify patterns in Regulatory Programs and amend the existing process as needed to ensure constant regulatory compliance and operation efficiency
Coordinate with groups to publish and highlight true violations and streamline the Track Do Not Trade List and coordinate within Ops to remove trade links
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
Foster a collaborative, success-oriented team environment where resources are empowered and accountable
Lead projects for new regulatory requirements, facilitating workflows, writing procedures, and providing team trainings
Identify and remediate (legacy or new) issues, gaps, risks, data quality and technology deficiencies; be resourceful and proactive with solutions
Assist with special projects and gathering data to assist with resolution of issues in areas that may normally be outside of daily responsibilities
Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
Establish and maintain strong relationships with Legal, Credit, Compliance, Financial Crimes, Operations, Business, and other internal stakeholders
Required Qualifications, US:
5+ 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 5 years of experience in a role with direct touchpoint to client onboarding (such as KYC, regulatory due diligence, tax, agreement negotiation) in one of the following capacities: operations, business lead, compliance, legal, change, strategy, consulting, audit, vendor, or technology
Knowledge of the major client onboarding requirements and related regulations, including, but not limited to:
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)
5+ years of capital markets industry experience
5+ years of Leadership Experience
5+ 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
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
Microsoft Excel spreadsheets experience importing, exporting, and manipulating data
Knowledge and understanding of roles of operations, compliance, client account set-up processes and procedures for corporations and public entities
Knowledge and understanding of derivative products: front to back flow of exchange traded derivatives
Effective organizational, multi-tasking, and prioritizing skills
Ability to work in a fast-paced deadline driven environment
Ability to effectively assess stakeholder, partner, or client needs while consulting, building solutions, and developing processes
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 lead projects/initiatives with high risk and complexity
Job Expectations:
This position offers a hybrid work schedule (minimum 3 days per week onsite) in the preferred location listed below.
Relocation assistance is not available for this position.
Visa Sponsorship not available for this position
Preferred Locations:
550 S. Tryon Street - Charlotte, NC
Posting End Date:
2 April 2024
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:1 Apr 2024Job posting may come down early due to volume of applicants.We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Company: WELLS FARGO BANKReq Number: R-352049Updated: Mon Mar 18 00:00:00 UTC 2024Location: CHARLOTTE,North Carolina
