Senior Institutional Investment Operations Specialist - Approval to Transact

About this role:

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

This resource will assume a leading role in implementation of new policies, regulations, technology, and onboarding initiatives - convert policies into procedures, processes and controls, working in partnership with compliance, legal, 1st and 2nd line control, COB, and other stakeholders - improve operational controls to ensure auditability, transparency, and consistency - benchmark internal requirements and processes against industry best practices - oversee governance for “approval to transact” violations - act as a central point of contact for all client onboarding related audits.

In this role, you will:

• Problem solve trade violations of certain Regulatory Programs by leveraging internal system and teams to discover fact patterns to determine remediation

• Manage and perform Quality Assurance sample checks transaction and clients are compliant with regulation and internal policies/requirement/ procedures

• Identify patterns in Regulatory Programs and amend the existing process as needed to ensure constant regulatory compliance and operation efficiency

• Coordinate with groups to publish and highlight true violations and streamline the Track Do Not Trade List and coordinate within Ops to remove trade links

• Steward A2T touchpoints with upstream/horizontal/downstream stakeholders such as legal, client onboarding, reference data, financial crimes, agreement management, regulatory reporting, technology, and new products

• Foster a collaborative, success-oriented team environment where resources are empowered and accountable

• Lead projects for new regulatory requirements, facilitating workflows, writing procedures, and providing team trainings

• Identify and remediate (legacy or new) issues, gaps, risks, data quality and technology deficiencies; be resourceful and proactive with solutions

• Assist with special projects and gathering data to assist with resolution of issues in areas that may normally be outside of daily responsibilities

• Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable

• Establish and maintain strong relationships with Legal, Credit, Compliance, Financial Crimes, Operations, Business, and other internal stakeholders

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 capital markets industry experience

• 4+ years of experience in one or a combination of the following:  securitization accounting, collateral servicing, financial reporting for securitizations, Regulation AB compliance or daily reconciliations of cash for securitized assets

• 4+ years of experience in the following Regulatory Programs:

  • OTC derivatives-based regulations (such as Dodd-Frank, Emir, Margin rules)

  • SEC/Finra/MSRB regulations with onboarding touchpoints (such as those governing, suitability, approvals, transparency, privacy, and disclosures)

  • Mifid and HKMA onboarding requirements

  • KYC (AML/BSA, Fincen, Travel rule)

  • Tax Documentation  (Fatca, CRS)

  • QFC Resolution Stay and Recordkeeping

  • Transaction reporting and client money touchpoints with onboarding

  • Excellent verbal and writing skills. Needs to be proficient with PowerPoint presentation

• Ability to articulate issues, risks, and proposed solutions to various levels of staff and management

• Ability to effectively assess stakeholder, partner, or client needs while consulting, building solutions, and developing processes

• Intermediate Microsoft Office skills - Microsoft Excel spreadsheets experience importing, exporting, and manipulating large data

• Knowledge and understanding of roles of operations, compliance, client account set-up processes and procedures for corporations and public entities

• Knowledge and understanding of derivative products: front to back flow of exchange traded derivatives

• Ability to coordinate completion of multiple tasks and meet aggressive time frames

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