Institutional Investment Operations Specialist – FX Cash Mgmt

Wells Fargo Bank • Charlotte, NC

1d • Hybrid

About The Position

Wells Fargo is seeking an Institutional Investment Operations Specialist within the FX Cash Management team as a part of Corporate Investment Banking Operations. The individual is responsible for managing the funding of over 200 Nostro accounts that Wells Fargo maintains in various currencies across the globe. The individual is expected to be the subject matter expert for a variety of platforms and functions. They will be accountable for a set of complex processes from initiation to completion. They will also be working in a global team environment so collaboration and coordination of information among various areas such as the trading, investigations, global relationship management, static data, technology, reconciliation is essential.

Requirements

• 2+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Strong Business Writing and Communication Skills
• Ability to manage multiple tasks in a fast paced and fluid environment
• Ability to adapt and learn new systems, processes, and regulations quickly, and on a regular basis
• Strong analytical skills and attention to detail
• Ability to convey processes, procedures, guidelines, and analytics to variety of audiences
• Self-motivated and a strong desire for continued learning
• Intermediate Excel and other MS Office products skills
• Ability to work across multiple work streams to analyze business processes to determine appropriate solutions
• Ability to interact professionally with customers, business partners, peers, and upper management

Nice To Haves

• Bachelor's degree in finance, Management, Accounting, and/or Economics
• Experience in Financial Services Operations/complex processes
• Knowledge of FX applications such as Opics, Pega, Intellimatch, Sapphire, etc.
• Experience in FX Wires Operations and/or FX Investigations

Responsibilities

• Manage and initiate the funding between Wells Fargo’s nostro accounts with other foreign banks in a time sensitive environment
• Reconcile discrepancies and troubleshoot and resolve issues arising the funding activities
• Provide monitoring and reporting of balances and other data for multiple parties
• Participate in lifecycle support tasks for FX trades and identify opportunity for process improvements
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
• Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
• Provide subject matter expertise on projects along with internal and industry related initiatives
• Present recommendations for resolving complex situations and exercise independent judgement while developing expertise on functions, projects, internal and industry related initiatives
• Be actively involved in improvements to the existing processes and systems and engage in projects related to that including but not limited to providing guidance, requirements, testing, etc.

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