Institutional Investment Operations Associate - Tax Operations

Wells Fargo Bank • Charlotte, NC

1d • Hybrid

About The Position

Wells Fargo is seeking an Institutional Investment Operations Associate within our Tax Operations team as a part of Corporate Investment Banking Operations. In this role, you will handle tax documentation, withholding and reporting inquiries raised by business partners, perform daily TEFRA, NRA and FATCA withholding reconciliation and remittance, and assist with research and resolution of reporting and withholding exceptions. You will also be involved in 1099 and 1042-S reporting tasks, cost basis reconciliation and resolution, and assist leadership in resolving complex issues. The role involves reviewing and analyzing functional operational tasks, collaborating with peers and managers, and identifying procedural changes to enhance operational efficiency and data integrity.

Requirements

• 6+ months of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Sound knowledge and understanding of financial markets and securities
• Knowledge of security-based accounting and/or security-based tax reporting
• Proficient in Microsoft Office skills with advanced Excel skills
• Excellent verbal, written, and interpersonal communication skills
• Effective organizational, multi-tasking and prioritizing skills
• Ability to develop and manage business relationships
• Sound time management skills and ability to meet deadlines
• Outstanding problem solving and decision-making skills
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important

Responsibilities

• Handling tax documentation, withholding and reporting inquiries raised by business partners
• Daily TEFRA, NRA and FATCA withholding reconciliation and remittance
• Assist with research and resolution of reporting and withholding exceptions
• 1099 and 1042-S reporting tasks such as mock form reviews, management of trial runs and processing of tax reporting adjustments
• Cost Basis reconciliation and resolution
• Assist leadership in bringing individuals or teams together to resolve complex issues
• Help review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Identifying and formulating procedural changes which will enhance operational efficiency and data integrity

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed