Operational Accounting Assistant, Wells Fargo

Wells Fargo

Location:
Singapore, Central Singapore

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Role is supporting Wholesale Lending Shared Support Reconciliation Utility in providing reconcilement support to all the Lines of business groups within Wholesale Operations across APAC region. The reconciliation support includes Nostro/GL; Subsystem to GL; Cash Substantiation; FX Position; Supplemental (Multiple System Data comparison reconciliations). Team Member will closely work with multiple departments/stakeholders (Finance, Operations, Static Data, Production Support, Technology, etc.) across APAC region and globally to identify root cause of reconciliation breaks and support Account owners and remediation owners with the timely resolution of reconciliation breaks. The role will include supporting efficiency and automation initiatives and supporting the overall effectiveness of controls to manage all risk related items specific to regional reconciliations.

Job Responsibility:

Support daily transactional reconciliation processes performed by offshore India reconciliation team for a variety of Wholesale business products including Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury etc.
Review of end of day balance reconciliation between the “Subsystem (i.e. Flexcube/Flex pay, Midas+, LoanIQ Tradeworks, RFX, IBIS, AIMS) and General Ledger”
Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL, in US Dollars (Cash Substantiation)
Investigate and escalate outstanding items as per accounting standard policy and Enterprise-wide Operational reconciliation standards and investigate out of balance conditions on timely manner working with Account owners and Resolution owners across functions and businesses to identify root cause of breaks and support timely resolution
Review documentation for aged items that exceed corporate standard to ensure alignment to procedure
Monitor and validate daily/monthly reports received and loaded to the system to ensure accuracy in reconcilement and to avoid business impact. Work with Operational stakeholders / Account owners to ensure that reconciliation data deficiencies tracked and escalated to functional leadership and Technology for remediation
Assist with month end close including review of reconciliations - Nostro/GL
Subsystem
Cash Substantiation
FX Position
Supplemental (Multiple System Data comparison)
Balance Sheet/P&L Certification
month-end journals
Assist with external and internal audit and Operations inquiries and will keep the manager aware of any concerns or special requirements
Follow up on inquiries submitted by various lines of business for resolution or escalation both as part of month-end close and daily reconciliation activities
Analyze multiple system source data and provide the EOD report to Wholesale Operations department internal customer timely manner
Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks
Maintain and update regional functional process maps, desktop procedures and control procedures
Support UAT and regression testing and functional change management processes
Support annual functional RCSA process ensuring functional risk and controls documented and appropriately mitigated.

Requirements:

2+ years of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Bachelor’s degree in finance or commerce or recognized accounting qualification
2+ years of overall experience in banking industry required
Knowledge of Corporations Accounting and Controls standards and policies Broad Banking/Financial services experience
Experience in performing various reconcilements such as Cash/Nostros, Suspense and Subsystem
Proven understanding of accounting fundamentals as it relates to Nostros/Cash, Suspense and Subsystem reconcilements
Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
Detail oriented, results driven, and can navigate in a quickly changing and high demand environment while balancing multiple priorities
Ability to research and report on a variety of issues using problem solving skills
Proven ability/proficiency with the use of various types of automation
Ability to work both independently as well as within a team environment with good interpersonal skills
Ability to work with offshore teams
Ability to adapt and to manage change
Proven knowledge of IRIS Web/Oracle GL processing
Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT
Effective oral and written communication skills.

Additional Information:

Job Posted:
May 13, 2025

Expiration:
July 21, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Operational Accounting Assistant

Wells Fargo

Location:Singapore, Central Singapore

Category:Finance

Contract Type:Employment contract