Senior Institutional Investment Operations Specialist

The Wells Fargo Foundation

  • Bangalore, Karnataka
  • Permanent
  • Full-time
  • 27 days ago
About the Role: Wells Fargo is seeking a Institutional Investment Operations Senior Specialist. Institutional Investment Operations Senior Specialist is a subject matter expert in FX Operations. The candidate is expected to be the first point of contact for all delivery tasks. As part of a high performing team, the candidate will be expected to consistently meet/exceed delivery/business expectations. In this role, you will: Be a part of a team of individual contributors on complex issue management for FX clients. Support the lifecycle of FX trades while managing communications within the larger group or multiple groups covering the following functions, Functional Queue Monitoring, FX cash payments, customer service, funding operations, FX settlement Services, Trade wise reconciliation for any trade disputes, as well as, work to resolve confirmation and any trade related issues 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 Resolve complex issues and processes within Institutional Investment Operations Interpret and develop policies and procedures for functions with low to moderate complexity. Regularly process trades before currency cut offs and help manager to Authorize the trade settlement swifts. Required Qualifications: MBA or an advanced degree (or equivalent experience). 10+ years FX Settlements experience with a top-tier bank, including 2-3 years in a supervisory role. Good understanding about OPICS, Bswift, SWIFT Standard Messages and other industry standard applications Strategic thinking and good business judgment. Strong interpersonal and influencing skills, with the ability to establish credibility and strong partnership with business partners and other support functions. Comfortable to work in matrix organization. Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments. Must be a team player with a high degree of flexibility, working in a deadline-driven and fast-paced environment including shifts (majorly supporting US business) Excellent presentation skills, effective written and verbal communication skills, should be comfortable dealing with senior management. Proactive control and risk management, addressing gaps in processes and escalating issues to benefit the business and clients in a dynamic environment. Ability to successfully influence many different groups and individuals to deliver high quality and timely deliverables. Ability to work independently in a dynamic and rapidly changing environment and manage multiple priorities. Experience working with senior leaders straddling across Technology, Operations and Strategy in partnership with global teams. Job Expectations: Key Responsibilities : Specializes in FX Settlements process: Deliver quality, sustainable and risk compliant solutions that meet or exceed our customers' and team members' needs and expectations within the agreed timeline. Operate within well-documented end-to-end processes designed to deliver quality solutions that are valuated continuously. Focus on continuous improvement and creation of efficiencies by understanding internal and external customer needs and expectations. Determine and address the root cause, in order to eliminate issues, streamline, automate, and innovate to deliver increasingly effective solutions Execute responsibilities with precision and reduced error rates People Leadership Attract, retain and develop top talent : Grow & Develop talent. Ensure strong focus on training, succession planning, career development, and managing career opportunities. Make sure people are well trained and properly guided towards the process goals. Global stakeholder management : Maintain equitable relationship with senior stakeholders, including Operations, Risk & Control, Technology, Learning, Human resources and Support groups. Voice at the table - to improve strategy, technology enhancements, prioritization and delivery of agreed deliverables. Superior communication skills to articulate business strategies, on-going BAU events, ICTs, Self-Identified Audit opportunities, listing risk events including mitigating/remediating actions with business partners to manage control events and take proactive steps to avoid any form of escalations. Risk & Controls Mindset : Compliance with relevant risk standards, policies and regulations to maintain an effective control and regulatory environment. Adept at identifying potential risks in operational processes develops and implements controls to mitigate associated risks Ensure system enforced controls, compensating controls, RCSA, daily recon controls (SOD/MOD/EOD) in place. Ensure that the team has effective Quality Check process in place. Delivery of Strategic Programs : Support and manage the delivery of the Firm's strategic programs in a high quality, cost effective, timely and sustainable manner with risks and issues identified, prioritized, escalated and managed in a timely and open fashion This includes effective resource management (project / people / technology), and all budgetary and economic elements of delivery. Change Leadership / Re-engineering Initiatives: Lead the change initiatives in FX Settlements process in a seamless manner in close partnership with the global stakeholders. Identify change opportunities (API feeds, data connectivity between SOR and down-streams, Recon Reports) build case study, secure prioritization & funding, ensure UAT, sprints, deployment and subsequent enhancements which are fit for purpose and are scalable. Participate in special projects including process improvement analysis and reporting. Partner with Technology and the lines of business, to deep-dive and identify potential opportunities. Leadership Expectations at Wells Fargo: As a KEY SME, you are expected to achieve success by leading yourself, and the business. Specifically, you will: Work with team with integrity and create an environment where team members feel included, valued, and supported to do work that energizes them. Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks. Posting End Date: 12 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. Candidates applying to job openings posted in US:All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. Applicants with Disabilities To request a medical accommodation during the application or interview process, visit . Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our to learn more.

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