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Wells Fargo is seeking an Institutional Investment Operations Manager within the Foreign Exchange Operations team as a part of Corporate Investment Banking Operations. This resource will collaborate with the FX Business and Operations Leadership to develop, manage, and lead a Foreign Exchange Operations team supporting the FX trading and Sales. This leader will be responsible for managing a team, enhancing straight-through processing, creating capacity through workflow enhancements, and effectively mitigating operational risk.
Job Responsibility:
Manage a best-in-class operations support team that will help the FX Business growth objectives, ensuring a client experience that surpasses expectations
Manage operational risk and ensure that processes, procedures, and controls are well defined and adhered to leading to a well-controlled risk environment
Review the current team structure and make recommendations as needed to align the structure to meet the needs of business
Manage a well-motivated team that is cross functionally well trained, can provide coverage when others are out and collaborate across internal stakeholders as needed
Act as the key point of contact for senior leaders in CIB Business, Operations, Operational Risk, Compliance, Legal and Technology
Place FX Operations in strong position to execute and deliver results
Connect FX Operations to other parts of the organization to ensure no duplicated efforts while ensuring a standard best in class delivery
Manage the day-to-day transaction activity originated by sales and trading
Ensure trades are confirmed and settled on a timely basis
raise issues and risks as needed
Driving the team to achieve a high level of change through transformational leadership by ensuring strong and timely execution
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
2+ years of Leadership experience
Nice to have:
8+ years of Foreign Exchange Operations, Confirmations, Settlements and Payments related experience
Extensive knowledge of FX products, including Spot, Forwards, Swaps, NDFs, Options, Window Forwards, Novations, and Net Present Value calculations, as well as CLS processes (matching, in/out swaps, IPIS, RPIS)
Proficient in confirmation matching and payment workflows using platforms such as FXALL, GTSS, Misys, Omgeo Alert, Bloomberg CMS, CLS Browse, and ALERT SSI
Deep understanding of the end-to-end FX trade lifecycle, covering trade capture, affirmation, confirmation, bilateral and net settlements, CLS processing, and post-settlement activities (cancels, corrections, amendments)
Strong grasp of Capital Markets operations with a focus on Foreign Exchange products, associated risks, and control frameworks
Familiarity with diverse client segments: corporate, institutional, and interbank and their unique confirmation and settlement preferences
Strong understanding of market risk, post-settlement trade impacts, and risks of unconfirmed trades
able to communicate effectively with sales and trading
Ability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
Extensive experience in process improvement, automation, and transformational change
skilled at identifying inefficiencies and implementing STP solutions to create capacity
Ability to translate complex technical requirements into clear, actionable requests and collaborate across diverse teams
Expertise in leveraging multiple data sources to develop strategies and optimize operational processes
Demonstrated leadership in motivating and directing geographically dispersed teams, driving strategic initiatives, and fostering enterprise-wide collaboration
Deep technical understanding of business operations, products, and risk points, with a focus on improving client relationships through innovation
What we offer:
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance