About this role:
Wells Fargo is seeking an Institutional Investment Operations Specialist.
In this role, you will:
The Transaction Reporting Team resides within the Middle Office. Regional trading volume growth, expansion into new markets and the increasing rigor of regional regulations has led to the expansion opportunities for the team.
The transaction reporting function are responsible for the EMIR, SFTR, MiFID II and Bank of Italy transaction reporting and exception management processes in partnership with our Technology team, as well as providing support for regulatory change projects within the EMEA region.
The role will primarily be responsible for driving forward with our Transaction Reporting Q.A schedule and book of work. The role will also include support of change management projects and processes as a result of the ever-changing regulatory landscape. This role is appropriate for an experienced regulatory reporting SME.
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(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)
Required Qualifications:
- 2+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Performing various TR Q.A tests in a timely and accurate manner to ensure that they are in line with the Q.A BOW.
- Production of an Opening memo and Summary memory once the Q.A test is complete. These are also shared in the TR Steer Co's and Forums.
- Performing the UnaVista vs MDP reconciliation on a regular basis. Resolution of all breaks on a regular basis, analysis on all exceptions to prevent reoccurrence.
- Maintenance and enhancement of governance documents (eg. Process flows and procedures)
- Provide analytical support to regulatory change projects.
- Work with Compliance and Legal team partners on rule interpretations for regulatory change.
- TR Roadmap maintenance.
- The successful candidate will be self-motivated and have 3 years+ experience in transaction reporting operations, covering MiFID and EMIR, and be able to demonstrate a working knowledge of both the regulations and reporting methodologies.
- Knowledge of transaction reporting operations including EMIR, MiFIR, BOI and SFTR requirements.
- Working product knowledge in OTC Derivatives/Fixed Income and Equities spaces.
- Solid analytical skills.
- Experience of working with project and technology stakeholders to deliver change. Solid communication and organizational skills - to work with local and remote Operations, Technology and Compliance stakeholders.
- Proficient with Microsoft Excel (VBA preferred).
*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.