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

Responsibilities to include:

• Support the lifecycle of Institutional trades while managing a larger group or multiple groups covering the following functions; T0 Blotter checks, PNL Attribution review, Trace monitoring, Investigation & resolution of exceptions from Internal & external reconciliations for Bonds ( Municipals, agencies & treasuries asset class, monitoring various queues, performing key trade life cycle functions such as trade affirmations, allocations & validation, producing key metrics & varied reporting.
• Perform daily Profit and Loss reporting & attribution reporting
• Perform daily reconciliation of Profit and Loss with finance and system of record
• Perform daily reconciliation of unrealized PNL, realized PNL and marketing fee between system of record and Front Office
• Responsible for documenting and maintaining standard operating procedures for PNL Team
• Perform other ad hoc projects as assigned
• Demonstrate good understanding of financial products & middle office controls.
•  Knowledge of key regulations impacting the financial markets ( Dodd frank)
• Identify and recommend opportunities for process improvement and risk control development
• Collaborate with all business partners and various departments, create efficiencies and mitigate risk for team and organization
• Interpret and develop policies and procedures for functions with low to moderate complexity
• Ability to accurately process high volumes of work within established deadlines
• Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas, foster team work

Essential Qualifications

• University degree/Post graduation in Business /Accounts/Economics/Stats.
• 6 + Months  of experience in the institutional Investment Banking Operations especially in Bonds(Municipals, agencies & treasuries)
• Working knowledge of the either of functions ex: Middle office Operations, Product control, trade & sales support, trader/sales assistant.
• Good understanding of Middle office controls, daily risk & PnL
• Willing to work in US Shift.
• Ability to work in a fast paced environment and time constraints
• Strong communication skills

Desired Qualifications

• Experiences should include familiarity with Investment industry and practices in the Financial Services industry as well as operational delivery experience
• Analytic thinker who likes to solve problems with strong attention to detail
• Analyst should have strong numerical and analytical skills, strong articulation and out of box thinking.
• Good problem solving, analytical and numerical skills

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.