Senior Institutional Investment Operations Specialist - Tax Operations

Wells Fargo•Charlotte, NC

3d•Hybrid

About The Position

Wells Fargo is hiring a Senior Institutional Investment Operations Specialist to join the Securities Tax Operations team in the Corporate Investment Banking (CIB) Operations Division. The role supports cost basis, federal tax reporting, and withholding requirements for capital markets products. It helps the team navigate evolving regulations and manage IRS Chapter 3, Chapter 4, and Chapter 61 reporting and withholding regimes, along with applicable state and international tax regulations. The position involves responding to business partners’ tax documentation, withholding, and reporting inquiries; performing daily withholding reconciliations and remittances; researching and resolving exceptions; and supporting 1099 and 1042-S tax reporting. The specialist also contributes to process improvements, data integrity, client service, and operational risk mitigation through collaboration with upstream processing teams. The position offers a hybrid work schedule at the posted locations. Additional hours may be required as needed. Relocation assistance and visa sponsorship are not available.

Requirements

At least 4 years of institutional investment operations experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination of these.
Extensive knowledge and understanding of loan, securities, and derivative products.
Intermediate proficiency with Microsoft Office applications.
Analytical skills and a high level of attention to detail and accuracy.
Excellent verbal, written, and interpersonal communication skills.
Effective organizational, multitasking, and prioritization skills.
Ability to work effectively in a fast-paced, deadline-driven environment.
Knowledge and understanding of tax withholding and reporting requirements, including Forms 1099-INT, 1099-MISC, 1099-B, and 1042-S, as well as IMY reporting to beneficial owners.
Knowledge and understanding of equity and fixed-income trading.
Project management skills, including the ability to manage multiple projects concurrently.
Experience with or a basic understanding of IRS Forms W-9 and W-8, including exemption codes, country treaty rates, and IMY withholding statements.
Ability to work additional hours as needed.

Nice To Haves

Two to four years of Tax Operations experience and a basic understanding of Chapter 3 (NRA), Chapter 4 (FATCA), and Chapter 61 (TEFRA) withholding and reporting requirements.
Working knowledge of one or more of the following tax solutions: Broadridge Tax Managed Service, Sovos, Silver Cost Basis, Silver, or IHS Markit IPS/CTI.

Responsibilities

Handle tax documentation, withholding, and reporting inquiries raised by business partners.
Perform daily TEFRA, NRA, and FATCA withholding reconciliation and remittance.
Reconcile withholding and reporting files to ensure correct withholding is applied.
Research and resolve reporting and withholding exceptions through manual payment files.
Perform 1099 and 1042-S reporting tasks, including quality control of form reviews and assisting with trial runs and tax reporting adjustments.
Identify and formulate procedural changes to improve operational efficiency and data integrity.
Provide leadership on issues raised by supported areas and communicate ways to improve data quality and client service.
Partner with upstream processing teams, such as corporate actions and middle office, to identify root causes and mitigate operational risk.