• 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

• 
  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

• Job Expectations:

• Priority Credit Line (PCL) is a securities-based lending product clients can use for personal or business needs
• Responsible for reviewing documentation is in good order for establishing new PCL relationships, modifying existing PCL relationships, and trust conversions related to existing PCL relationship.
• Team is also responsible for booking documents and updating account registrations. This also entails processing of PCL payoff letters.
• Review disbursements from PCL loans according to specific procedures to ensure that the usage of loan proceeds complies with regulatory requirements.
• Review banking activity for which there are insufficient funds in the account to cover and work with the business channel for resolution and payment/rejection.
• Monitoring for compliance with regulatory and/or internal policy requirements, and following up on situations ( margin calls) where the existing collateral is insufficient to meet either internal policy or regulatory requirements
• Involves communicating and coordinating with the appropriate business channel to understand how the debit will be covered and, if needed, writing off the debit to the business channel if not covered within the defined time frames
• Responsible for managing the account titling/pledging, any related collateral releases while pledged, and removing the pledge when instructed.
• Activities also includes Monitoring Accounts for Margin Agreements, Executing Preferred Interest Rates, Facilitate Employee Stock Option Plan Transactions, Account Restriction Management, Monitoring Day Trade Activity and Bulk Asset Movements
• Performs a variety of operational tasks which high complex in nature.
• To be able to escalate any discrepancies/issues to the supervisors in a timely fashion.
• Good understanding of market participants like custodian, clearinghouse, brokers, Investment Managers, exchange etc.
• Good Understanding of Credit Margin and Priority Credit Line.
• 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

Posting End Date:

*Job posting may come down early due to volume of applicants.

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.