About this role: Wells Fargo is seeking an Institutional Investment Operations Associate Manager. In this role, you will: Supervise the team working on Derivative confirmations and support the team on BAU Take complete responsibility of monitoring daily functions of Derivatives Confirmation process 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 Collaborate and influence all levels of professionals including more experienced managers Lead team to achieve objectives and strategy Manage allocation of people and financial resources for Institutional Investment Operations group Mentor and guide talent development of direct reports and assist in hiring talent Responsibilities: Ensure the process of reviewing Confirmation and matching are completed on timely basis Escalate in a timely manner within the Operations group and Front office to ensure prompt resolution of exceptions/disputes Responsible for minimizing financial losses by identifying and resolving trade capture errors, reconciling trade activity between system of record and any trade-related documentation, and ensuring all economic terms and necessary protective and fallback clauses are confirmed Serve as liaison with all lines of business, internal legal and compliance departments in order to ensure transaction information is correct and complete. Responsible for supporting complex U.S. securities or over the counter (OTC) derivatives transactions Continue to be aware of and aid the team's compliance with regulatory, tax-related, and asset class-specific market developments by, among other activities, attending and participating in internal and ISDA-organized working groups Regularly seek opportunities to improve processes, controls, and procedures to improve efficiencies, deepen the team's understanding of products, and mitigate risk Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing Partner with Technology to identify/ resolve system issues, and implements system enhancements to increase efficiency Cross-train and mentor the team members whether for on-boarding purposes or for developing a deeper understanding of novel, complex, and/or unique trade structure Display sound working knowledge around derivatives products, terminologies and trade life cycle Acquainted with ISDA standards & definitions Ensure all high-risk items are flagged off to the management on timely basis and the escalation matrix is followed Swiftly Identify potential risks in operational processes develops and implements controls to mitigate related risk Display strong analytical skills to improve workflow to increase operational efficiency Organize the work of the team, assigns task, sets short-term priorities, monitors all activities and ensure timely and accurate completion of the work Cross-train and mentor the team members whether for on-boarding purposes or for developing a deeper understanding of novel, complex, and/or unique trade structure Periodically reviews the procedure documents and check list Ensure all client queries/disputes are solved within timeline Understands needs and sensitivities of internal and external clients and proactively ensuring these are met Builds relationship with businesses and counterparties to ensure effective escalation and timely resolutions Required Qualifications MBA or an advanced degree (or equivalent exp.) 11+ years of experience in Inbound(preference) and Outbound OTC Derivative Confirmation 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 Desired Qualifications: Experience of working across one or more geographic territories or regions. Must be a good team player with a high degree of flexibility, prepared to work in a deadline-driven and fast-paced environment Experience of working with senior leaders cutting across Technology, Operations and Strategy functions Knowledge and Skills: Understands Derivatives trade life cycle and associated functions Good understanding on Calypso, Endur, Pega and other industry standard applications ISDA definitions Excellent internal/external client handling skills Posting End Date: 13 May 2024 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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