Senior Institutional Investment Operations Specialist - DTC Settlements

About this role:

Wells Fargo is seeking a Senior Institutional Investment Operations Specialist within the DTC Settlement Operations team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.

In this role, you will:

• Serve as a key point of contact for issues and current status for the DTC Settlements Manager, and lead day-to-day operational activities

• Assist with daily DTC settlement and fail control processing across domestic markets for all DTC-eligible product types

• Provide leadership to resolve complex, multi-faceted issues across teams.

• Monitor internal and external systems related to trade settlements, focusing on trade clearance and operational risk

• Act as a liaison between settlements and internal/external stakeholders (e.g., Middle Office, Sales, Securities Finance, Compliance, Repo/Funding Desk, counterparty back offices, vendors)

• Maintain a high level of service and collaboration between settlements and supported functional areas

• Lead projects and industry-related initiatives, ensuring timely delivery of assigned responsibilities

• Monitor and act on regulatory buy-in processes (e.g., Rule 204, Reg T, MSRB)

• Leverage buy-in processes to reduce fail obligations and firm risk (seg deficits)

• Monitor CNS obligations and liabilities and liaise with Securities Lending to remediate short positions and fails to receive

• Manage buy-in notices via Smart/TRACK and liaise with counterparties to resolve open obligations

• Provide coverage for international buy-in obligations

• Maintain firm policies and procedures related to street buy-in practices

Required Qualifications:

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

Desired Qualifications:

• 4+ years of experience in the securities industry with emphasis on buy-in and international trade settlement

• Expert knowledge of DTCC Smart/TRACK system, OW, Settlement Web and FINRA

• Working knowledge of Broadridge systems including GLOSS, Impact and BPS.

• Detail oriented with effective organizational skills

• BS/BA degree in Finance or related field

• Proficiency in Microsoft Excel is required for analytical purposes (e.g., pivot tables, vlookups, sumifs, etc.)

• Basic knowledge of Microsoft PowerPoint is required to support the group’s presentations to senior management

• Strong written and oral communication skills

• Strong knowledge of buy-in rules for domestic markets including DTC, Fed and physical clearance

• Working knowledge of buy-in rules for international markets including Euroclear, Clearstream, Crest and various local markets

• Working knowledge of Prime Broker Operations

Job Expectations:

• Monday - Friday: multiple shifts between 6:00am - 6:00pm.

• Ability to work a hybrid schedule

• Willingness to work on-site at stated location on the job opening

• Ability to work additional hours as needed

• This position is not eligible for Visa sponsorship

Posting Location:

• 1525 W W.T Harris Blvd, Charlotte, NC 28262

• 550 S Tryon St, Charlotte, NC 28202

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disc