Senior Institutional Investment Operations Specialist - Asset Servicing CIB Operations

Wells Fargo • Charlotte, NC

2d • Hybrid

About The Position

About this role: Wells Fargo is seeking an Asset Servicing Senior Institutional Investment Operations Specialist. The group is responsible for managing and controlling high levels of risk and liability inherent in the Asset Servicing process. We must provide outstanding service and create an environment that maintains its focus on serving our clients while constantly looking for ways to improve efficiency. The group processes all aspects of the lifecycle of Asset Servicing events, for all asset classes and across all markets. The Asset Servicing team also works with external custodians to process allocations from our custodians to our clients. Other duties include the managing of communications with Lines of Business, such as Securities Lending, Prime Brokerage, as well as Operations and Technology partners. The ideal candidate must be able to balance a workload of tasks across the department and ensure all deadlines are met. In addition, the successful candidate should have a proven track record of process improvement and ownership of specific tasks. The successful candidate will be responsible for being part of a team that is the main point of contact for our CIB business. In this role, you will: Provide leadership to Team Members & our processes in multiple locations Reconciling and managing open items resulting from Asset Servicing Events, including Income Events such as Cash Dividends, Interest Payments, and Principal Paydowns Post payable reconciliation and claims processing Working with Agent Banks, Custodians, and external counterparties to ensure complete understanding of events and ensuring data flows are correct with respect to event allocations. Communicating with Operations colleagues as well as Client Facing Lines of Business Risk management of open items

Requirements

• 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Effective organizational, multi-tasking, and prioritizing skills
• Ability to work in a fast-paced deadline driven environment
• Knowledge and understanding of Broadridge applications
• Experience with a customer service mindset and a focus on continuous improvement
• Knowledge of DTCC for allocations and elections
• Knowledge of non-US depositories (e.g. Euroclear; Clearstream)
• Knowledge of TMPG practices
• Experience in a Financial Services firm with a focus on servicing an Intuitional / Prime Services business.
• Familiar with the regulatory environment and maintaining strong controls
• Experience working with custodians, depositories, agents, and external brokers to ensure timely and accurate processing of events to client accounts and to appropriately manage risk.

Responsibilities

• Provide leadership to Team Members & our processes in multiple locations
• Reconciling and managing open items resulting from Asset Servicing Events, including Income Events such as Cash Dividends, Interest Payments, and Principal Paydowns
• Post payable reconciliation and claims processing
• Working with Agent Banks, Custodians, and external counterparties to ensure complete understanding of events and ensuring data flows are correct with respect to event allocations.
• Communicating with Operations colleagues as well as Client Facing Lines of Business
• Risk management of open items

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees