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:

• UAT Testing: Primary responsibility of the incumbent will be UAT Testing performed for all the new process implementation with the varied CIB applications·
  • To manage the activity of the UAT testers to ensure that the system functionality is
    fully tested within project timescales and to a high quality.
  • Execute all tests within agreed timescales & as per calendar.
  • Undertake regression testing as required.
  • Raise issues & escalate failed scripts with release team.
  • Prioritize failed scripts & agree next release dates.
  • SQL used to sort the complexity of the search actives.
  • Provide support to testers.
  • Look at postproduction scenarios & raise flags as may be required.
  • Providing the status reporting on assigned project.
• Identify the root cause of release failures and propose a solution; includes collaborating with onshore/offshore Client Onboarding & release teams.
• Recommend procedural changes/process improvement to the UAT target operating model.
• Responsible for appropriately communicating project status to internal stakeholders.
• Ensure and Adhere to the Regulatory Reporting standards, policies, and procedures.
• Develop and maintain MIS on end-to-end process for tracking turnaround times of deliverables from team and other processing areas.
• Assist with balancing team workload.
• Independently research and analyze regulatory reporting requirements and other financial documents.
• Ability to exercise discretion and use deductive reasoning to create solutions to platform inefficiencies.
• Candidate needs to thrive in a fast-paced, deadline driven environment.

Technical Skill set:

• Advanced with MS Office applications (particularly Excel and Power Point)

• 6+ months years of Experience in UAT, environment & developing testing plans & executing to them.
• Intermediate experience with Tableau
• Experienced using tools like - MS Excel
• Good understanding about JIRA, Business Requirement Document (BRD), Documentation, SOP maintenance
• Advanced knowledge of the Microsoft applications including Excel, Access Database and Tableau.

Preferred Skills:

• Ability to understand on Business architecture to build test scenarios/cases for UAT.
• Strong Knowledge of the banking regulatory reporting rules and regulations including FINRA, QFC and Dodd Frank regulations.
• Understanding of Capital Markets, & client lifecycle activities, such as corporate actions and merger events
• Independently research and analyze regulatory reporting requirements and other financial documents.
• Recommend process improvement ideas, opportunities to streamline the process.
• Strong Analytic ability, with high attention to detail, accuracy and strong problem-solving skills.
• Ability to communicate (written/verbal) effectively at all organizational levels.
• Ability to plan and organize workload within tight deadlines, meeting day-to-day objectives as well as longer term strategic goals.
• Perform analysis of & make recommendations on functionality/efficiency of established UAT target operating model & controls and processes to ensure appropriate risk based operational procedures are in place and are meeting regulatory requirements/expectations.
• Ability to manage defects tracking and providing E2E resolution in collaboration with development Team
  

Essential Qualifications:

• 6+ Months of experience in one or a combination of the following in the Capital Markets domain, UAT with working knowledge of client data management, client onboarding operations, AML/KYC, compliance/regulatory oversight, or Operational Risk team.
• Knowledge of the following systems: Working knowledge of WCIS, CID, COBAM, Cornerstone, Broadridge, Calypso or similar 3rd party vendors a plus.
• Excellent verbal, written (including drafting), and interpersonal communication skills.
• Experience compiling metrics (importing/exporting), running detailed Excel formulas, manipulating data, and producing pivot tables.
• Ability to research, compile, and perform complex analysis on critical operational data.
• Ability to work in a fast-paced, deadline driven environment as well as flexible to adapt with changing priorities and deadlines. Highly motivated individual with ability to drive results.

• Highly organized with very strong attention to detail. Excellent presentation skills.
• Ability to work with impacted areas to understand complex problems. Ability to multi-task, perform under pressure and meet tight deadlines. Excellent Interpersonal skills – ability to build relationships.
• Focuses on a risk-based approach to implement operational controls/processes.

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.