Institutional Investment Operations Manager - Customer Protection and Asset Transfers

Wells Fargo Bank•Charlotte, NC

2d•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. Learn more about the career areas and business divisions at wellsfargojobs.com . In this role, you will: 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 and 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 Job Description - Additional Language Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; foreign exchange, rates and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. 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

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
Ability to work a hybrid schedule, three (3) days in office and two (2) days remote; posted location 1525 W. W T Harris Blvd, Charlotte, NC
This position is not eligible for Visa sponsorship
Relocation assistance not available for this position

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
W orking knowledge of Prime Brokerage, Stock Loan and Tri-Party operations
Experience processing in Broadridge applications such as BPS, Gloss and Impact
S trong 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