Securities Operations Specialist - Property and/or Casualty Insurance - Specialty Asset Servicing

Wells Fargo Bank•Minneapolis, MN

18h•Hybrid

About The Position

Wells Fargo is seeking a Securities Operations Specialist as part of Specialized Asset Support Services within Wealth and Investment Management Operations. This team is responsible for supporting specialty asset management by working directly with insurance companies, lenders and other internal partners to review the insurance coverage on Real Estate, Loan and Miscellaneous assets, as well as maintaining insurance on the bank’s master trust policy. The Securities Operations Specialist will support leadership by being the point of contact for the team and field partners, engaging with vendors as well as assisting with system functionality and enhancements. The Securities Operations Specialist will also be responsible for processing transactions and delegating tasks among the insurance team.

Requirements

2+ years of Securities Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

4+ years of property and/or casualty insurance related experience
Demonstrated experience analyzing external insurance policies and contacting insurance agents
Thorough understanding of residential and commercial insurance coverages and policies
Ability to effectively collaborate across departmental boundaries to derive at optimal solutions for project initiatives
Ability to navigate multiple computer systems, applications and utilize search tools to find information
Ability to research and report on a variety of issues and possess solid problem-solving skills
Ability to take ownership over business processes and takes initiative to proactively address risk, enhance efficiencies
Highly effective communication skills and people leadership skills
Strong attention to detail and accuracy
Ability to act as a subject matter expert

Responsibilities

Participate in low to moderately complex lifecycle support initiatives and identify opportunity for process improvements within Securities Operations
Review and analyze basic or tactical functional operational tasks or challenges that require research, evaluation, and selection of alternatives; exercise independent judgment related to low-to-medium risk deliverables
Present recommendations for resolving low to moderately complex situations related to a full process within a trade environment while developing understanding of function, policies, procedures, and compliance requirements
Provide information to, collaborate, and consult with peers, colleagues and managers, including internal and external customers, to resolve issues and achieve goals
Develop expertise in the following operational processes including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, and general ledger reconciliation
Resolve low to moderately complex escalated issues within the scope of responsibility in Security Operations
Research low to moderately complex business risks, provide input into policies, enhance customer satisfaction, and review time sensitive documents and transaction requests
Exercise independent judgment in understanding trade settlement workflow controls to minimalize the effects of operational breakdowns
Support overall effectiveness of the team according to plans; monitor daily securities and cash related production work
Contribute and may lead implementation of projects, new or revised processes, and procedures that require coordination among operation teams and perform analysis for initiatives that support business strategies making decisions on matters with financial impact and risk