Senior Securities Operations Representative - DTC Settlements

About this role:

Wells Fargo is seeking a Senior Securities Operations Representative.

In this role, you will:

• Perform a variety of operational tasks for complex securities or process extensive knowledge of systems
• Provide ideas for improving or implementing processes
• Perform moderately complex duties such as processing, researching inquires and reconciling transactions
• Review time sensitive documents
• Provide training or work direction to less experienced staff
• Address compliance and corporate governance issues for the department
• Lead or participate in projects
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Interact with internal customers
• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

Required Qualifications:

• 4+ years of Securities Operations experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

A person in this role will be expected to understand complex fiduciary concepts and principles and apply those concepts and principles to complete the daily BAU at a targeted level of accuracy and timeliness. Completing daily BAU will includes - reviewing the transfer instructions and initiating the assets and cash transfers accordingly and monitoring the settlement. Along with this, the candidate is also responsible to handle the Account Closure process.

This process demands 100% accuracy, and it is highly time-sensitive in nature. So, the candidate needs to be really committed in performing his daily BAU. Continuous learning will be required via a variety of methodologies including formalized courses and on-the-job training.

The candidate is also responsible for performing a variety of operational tasks for highly complex securities or cash related transactions or processes that require good knowledge of unit functions and systems. Duties may include:

Account and Event services (Closing accounts, account management), Asset Movement Services, Trading services (Trade processing / Settlements etc.), Holding Services (Mutual funds processing / Portfolio Reconciliation etc.)

Handle the queries form the onshore teams/clients/customers.

Performs a variety of operational tasks in middle office area which high complex in nature.

To be able to escalate any discrepancies/issues to the supervisors in a timely fashion.

Very good understanding of market participants like custodian, clearinghouse, brokers, Investment Managers, exchange etc.

Leads and/or participates in production improvement efforts; and addresses procedural impacts

Wealth & Investment Management (WIM) is one of the nation's leading providers of financial and investment services in the United States offering a full range of products and services to meet clients' unique needs and help them achieve financial goals. Within WIM, this requirement is with Trust Client and Advisor Services.

Trust Client and Advisor Services is seeking for a candidate to perform various back office & middle office functions, which involves Account maintenance, Asset movement, Trade processing, Reconciliation, Account Closing, etc. The candidate will be primarily responsible for executing the production work across functions based on the necessity with minimal supervision. Process with stringent cutoffs and tight deadlines with 100% accuracy daily, so the candidate should possess the sense of urgency and willing to go beyond the expectations.
The candidate will be part of the dynamic staffing team that will be responsible for ensuring seasonal volume uptick across functions. So, he/she should also adapt quickly to the processes they are part of and shift strategies to meet different types of challenges / demands.

• Securities/Custody/Investment banking experience.
• Understands the functionalities of US capital markets and various products like stock/equity, mutual fund, bonds etc.
• Desirable to have experience of interacting with US customers/external parties
• Performs a variety of operational tasks for moderately to complex level
• Detail-oriented with very good problem solving abilities
• Ability to analyze information and draw accurate conclusions
• Detail-oriented
• Diligence in conducting research
• Ability to question or escalate findings to a manager in a timely manner for resolution
• Proficiency with the English language (written and oral); reading comprehension
• Strong communication skills to include written and oral (listening and speaking)
• Ability to read and interpret legal documents
• Proficient in personal computers and the ability to use multiple applications at the same time; proficiency in MS Office tools (notably Word and Excel)
• Ability to function in high work volume environment and remain focused under pressure
• Ability to work in a team setting
• Ability to prioritize work to meet applicable deadlines
• Ability to work independently; self-motivated
• Candidate should have good basic accounting Knowledge
• Experience with Trust services
• Very good understanding of tasks like reconciliation, matching, trade settlement, Capital markets etc.
• Good problem solving and analytical skills and numerical skills
• Typing Skills / Good Communication (Read / Write / Speak)
• Desirable to have experience of interacting with US customers.
• Transition experience will be an added advantage
• Must have an undergraduate degree. Commerce Graduate (CA/CFA/ICW/M.com /MBA Finance vertical will be an added advantage)

Posting End Date:

*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.