Institutional Investment Operations Manager - Customer Protection and Asset Transfers

Wells Fargo•Charlotte, NC

7d•Hybrid

About The Position

Wells Fargo is seeking an Institutional Investment Operations Manager to oversee Client Protection and Asset Transfers teams as a part of Corporate Investment Banking Operations. In this role, you will manage and develop a team of individual contributors working on complex issues, oversee daily controls related to client protection and the firm’s adherence to possession or control obligations under SEA rule 15C3-3, and ensure proper segregation of client assets and 17a-13 rule adherence. You will also manage the asset transfer team and processing, partnering with Prime and Safekeeping business to meet client demand, and identify and recommend opportunities for process improvement and risk control development. This role involves collaborating with all business partners and various departments to create efficiencies and mitigate risk for the team and organization, resolving complex issues and processes within CIB Operations, and making decisions regarding resources, objectives, and operations of the functional area and team to meet business objectives. You will interpret and develop policies and procedures for functions with low to moderate complexity, collaborate and influence all levels of professionals, and lead the team to achieve objectives and strategy. Additionally, you will manage the allocation of people and financial resources for the Institutional Investment Operations group and mentor and guide the talent development of direct reports, assisting in hiring talent.

Requirements

5+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
2+ years of Leadership experience
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 incident

Nice To Haves

FINRA series 99/7 or must be willing to obtain within 90 days
Knowledge of SEA rule 15C3-3 and customer protection reconciliations performed by Broker Dealers
Working knowledge of Prime Brokerage, Stock Loan and Tri-Party operations
Experience processing in Broadridge applications such as BPS, Gloss and Impact
Strong knowledge and understanding of the capital markets operations business and/or accounting background with knowledge of reconciliation

Responsibilities

Manage and develop team of individual contributors working on complex issues
Oversee daily controls related to client protection and the firm’s adherence to possession or control obligations under SEA rule 15C3-3
Ensure proper segregation of client assets and 17a-13 rule adherence.
Manage asset transfer team and processing, partnering with Prime and Safekeeping business to meet client demand
Identify and recommend opportunities for process improvement and risk control development
Collaborate with all business partners and various departments, create efficiencies and mitigate risk for team and organization
Resolve complex issues and processes within CIB Operations
Make decisions and resolve issues regarding resources, objectives and operations of functional area and team to meet business objectives
Interpret and develop policies and procedures for functions with low to moderate complexity
Collaborate and influence all levels of professionals including more experienced managers
Lead team to achieve objectives and strategy
Manage allocation of people and financial resources for Institutional Investment Operations group
Mentor and guide talent development of direct reports and assist in hiring talent