Institutional Investment Operations Manager

About this role:

Wells Fargo is seeking an Institutional Investment Operations Manager in Derivative Confirmations.

In this role, you will:

• Manage and develop team of individual contributors and managers working on complex issues.
• 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.
• Resolve complex issues and processes within Derivative Confirmations and Institutional Investment Operations
• Make decisions and resolve issues regarding resources, objectives and operations of functional area and team to meet business objectives.
• Interpret and develop policies and procedures for functions with low to moderate complexity.
• 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 Derivative Confirmations
• Mentor and guide talent development of direct reports and assist in hiring talent.
• 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 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
• Crosstrain and mentor the team members whether for on-boarding purposes or for developing a deeper understanding of novel, complex, and/or unique trade structure
• 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
• Periodically reviews the procedure documents and check lists
• Ensure all client queries/disputes are solved within timeline.  
• Understands needs and sensitivities of internal and external clients and proactively ensuring these are met

Required Qualification:

• 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

Desired Qualification:

• Strong Derivative Confirmations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• 2+ years of Leadership experience
• Display sound working knowledge around derivatives products, terminologies, and trade life cycle.
• Acquainted with ISDA standards & definitions.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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 Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.