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Wells Fargo is seeking a Senior Institutional Investment Operations Representative in Derivative Settlements.
Job Responsibility:
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
Leverage interpretation of policies, procedures and compliance requirements
Ensure confirmation of payments, processing of daily settlements as well as providing support to external and internal clients
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 management 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.
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
MBA or an advanced degree (or equivalent exp.)
Experience of 4 years in OTC Derivative Settlements domain which includes Pre-Confirmation, Post Confirmation, Reset advise and Clearing Settlements (LCH, CME and CLS)
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
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