Job Information
Wells Fargo Senior Institutional Investment Operations Specialist in Bengaluru, India
About the Role:
You will be required to have Capital Markets experience, will be responsible for executing the Process review and Enhancement (PRE) Self Inspection program (SIP), Business Continuity Planning (BCP), weekly production of WFS Operations metric program and assisting in monthly processing for Sub-Ledger Account Substantiation (SLAS).
Responsibilities:
The candidate is expected to conduct Walk through (Process Risk Reviews) sessions with the different operations teams and socialize the team members in order to maintain a collaborative environment to perform process gap analysis, control testing, Metric Mapping, Identifying Key risk indicators and continuous monitoring.
Is expected to understand various aspects in Risk and Control Framework, like RCSA, Incident Management, Issue Management, Control Testing and Validation.
Team member heavily involves in interacting with EMEA business partners in delivering the responsibilities like control testing, Incident Reporting, Risk reviews.
The successful candidate will be responsible for supporting these work streams.
For SIP, the candidate will work closely with EMEA(UK) manager on executing assessment of WFS Operations functions.
For BCP, the candidate will collaborate with the business units to evaluate the design and performance of testing and plans, identifying gaps and measuring the effectiveness of those plans in managing operational risk.
For WFS Operations Strategy and Metrics, the candidate will contribute to the KRI/KPI/KCI metric platform for local teams across the organization as part of team strategy.
For SLAS, the candidate will be responsible for assisting in production and testing of sub-ledger account reconciliations across WFS Operations.
Successful candidates will need to build and manage cross-functional, cross-organizational relationships through consistent collaboration.
The individual will also work with technical and operational partners throughout WFS.
Required Qualifications:
Experience in Capital Market operations/middle office operations into the trade life cycle of static data, confirmations, settlements, reconciliations and investigations.
Good amount of working experience in the product classes like FX, equity, fixed income with the functional expertise of brokerage, broker dealer services.
Moderate experience in Operational risk, specifically identifying and assessing the Key risks, Key Controls, and key risk indicators.
6-8 yrs of experience
English language proficiency. Ability to work nights
Attention to detail
Understanding of the processes flows, process gaps and controls associated with a Capital Market operations/middle office operations
Knowledge of BCP and Risk Mgt.
MS Office skills
Desired Qualifications:
Understanding Capital Markets and the different product taxonomies within the business segments (FX, Derivatives, Brokerage)
Knowing Risk function deliverables like Key Risks & Controls and the testing thereof
Importance and role of MIS
Preferred Skills:
Knowledge of the systems: GMI, Intellimatch, Imagine, Broadridge, Calypso
Good team player
Working experience in Corporate investment banking in the capacity of operational risk role
Posting End Date:
14 Nov 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
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Req Number: R-416098