Institutional Investment Operations Associate

Wells Fargo is seeking for a Senior Institutional Investment Operations Representative in Derivatives Settlements

About this role:

Settlements is the final step in the lifecycle of a Derivatives transaction. Team will be responsible for confirming Settlements with counterparties, analyze & reconcile accounts every day, the breaks with Middle Office & Front office groups and escalate the issues to the management.In this role, you will: 

• Support the team working on Derivative Settlements

• Providing support to Derivative clients across Rates, equities, credit, and commodity products

• 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

• Make daily supervisory decisions for team of analysts and resolve issues related to team supervision, work allocation, and daily operations

• Leverage interpretation of policies, procedures, and compliance requirements

• Lead the team to achieve objectives and strategy

• Supervise confirmation of payments, processing of daily settlements as well as providing support to external and internal clients

• Organizes the work of the team, assigns task, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work

• Understands needs and sensitivities of internal and external clients and proactively ensures these are met

• Partner with Technology to identify/resolve system issues and implement system enhancements to increase efficiency

• Proactive in identifying potential issues, handling the same and escalating issues to Senior Mgt. in a timely manner

• Participate by leading & driving Organization wide initiatives within CIB

• Drive learning Initiatives, Adherence to discipline, punctuality & compliance by the team and manage attrition

Required Qualifications:

• MBA or an advanced degree (or equivalent exp.)

• Experience of 5 to 7 years in OTC Derivative Settlements domain which includes Pre-Confirmation, Post Confirmation, Reset advise and Clearing Settlements

• Understanding about current Regulations and their impact on OTC market & settlements function

• Ability to effectively communicate (written/verbal)

• Ability to plan and organize workload within tight deadlines and meeting day-to-day objectives.

• Should have good understanding of Derivative Rates, Equity, credit and commodity products

• Strong interpersonal and influencing skills, with the ability to build strong partnership with business stakeholders and other support functions

• Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments

• Understanding about current Regulations and their impact on OTC market & settlements function

• Strong knowledge of market settlement processes like Clearstream, Euroclear and LCH etc.

• Perform process improvement and redesign - proactively identify, analyze and improve existing processes including leading process reengineering initiatives.

• Should be competent in leading & managing transition of processes from other locations

• Strong knowledge of US, European and Asian market settlement processes

• Ability to effectively communicate (written/verbal)

• Willing to work in US shifts