About this role:
Wells Fargo is seeking an Institutional Investment Operations Specialist.
Candidate will be expected to work closely with the Middle Office LoBs in US and broad Operations functions. Some of the key functions would be a) Exception management through various reconciliations, b) Queue monitoring, c) performing trade affirmations, allocations & validation, d) producing key metrics & varied reporting.
Candidate shall be able to demonstrate good understanding of financial products and key regulations impacting the financial markets.
In this role, you will:
- Support the lifecycle of Institutional trades while managing a FX product ( FX Spots, FX Options, FX Forwards ,FX swaps covering the following functions; T0 Blotter checks, PNL Attribution review, Internal Trade reconciliation, FX Positions reporting to Front office, Markitwire/Risk systems vs CLS reconciliations , Monitoring PB Matching & net link matching in external systems, Supporting Trade allocations.
- Perform daily Profit and Loss reporting & attribution reporting
- 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
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- 8 to 10 years of experience in the institutional Investment Banking Operations especially in FX Spots, FX Options, FX Forwards ,FX swaps
- 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. Coverage upto 17:30 EST
- Ability to work in a fast paced environment and time constraints
- Strong communication skills
- 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
- Advanced Degree in Finance such as CFA / FRM
- Knowledge of VBA / Macro is plus.
27 Sep 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.
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