Institutional Investment Operations Specialist - FX Account Maintenance
About the position About this role: Wells Fargo is seeking an Institutional Investment Operations Specialist within the FX Account Maintenance team as a part of Corporate Investment Banking Operations. Learn more about the career areas and business divisions at wellsfargojobs.com . This resource will play a vital role in SSI (Standard Settlement Instructions) Maintenance, a core function that directly impacts the accuracy and timeliness of trade settlements. This role is essential for maintaining maker-checker controls on all instruction requests. In this role, you will: Participate in lifecycle support tasks for FX institutional trade initiatives and identify opportunity for process improvements Assist leadership in bringing individual or teams together in order to resolve issues Assist in client account onboarding, input and monitoring of client reference data, maintenance of Standard Settlement Instructions and collaborate on project work Provide subject matter expertise on projects and process enhancements Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable Present recommendations for resolving situations and exercise independent judgement while developing expertise on functions, projects, internal and industry related initiatives Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Responsibilities
- Participate in lifecycle support tasks for FX institutional trade initiatives and identify opportunity for process improvements
- Assist leadership in bringing individual or teams together in order to resolve issues
- Assist in client account onboarding, input and monitoring of client reference data, maintenance of Standard Settlement Instructions and collaborate on project work
- Provide subject matter expertise on projects and process enhancements
- Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
- Present recommendations for resolving situations and exercise independent judgement while developing expertise on functions, projects, internal and industry related initiatives
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Requirements
- 2+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice-to-haves
- Knowledge and understanding of all capital markets products, industry trends, regulatory changes, and industry-wide best practices within Static Data processes
- Proficient Knowledge of the Counterparty Data Management Processes and experience in client Onboarding, SSI data Setups for different Product lines and preferably FX and Derivative Products
- Strong knowledge and experience supporting Foreign Exchange (FX), Derivatives and Money Market Lines of Business
- Familiar and be able to operate FX systems of records including OPICS, CMR, CID, WCIS, and Calypso
- Understanding of currency rules, MT messages, and standard settlement instructions is preferable
- Experience with offboarding and entity management functions and key concepts
- Experience partnering with offshore (non-U.S.) teams
- Experience identifying and recommending process improvements in complex, institutional banking environment.
- Understanding of key operational risk components, including quality across all aspects of a risk function
- Ability to understand and work with data, including creating alignment among various data sources, developing trends, and creating risk-based analytics from multiple information sources
- Strong organizational skills, attention to detail, and adherence to strict deadlines in a fast -paced environment
- Demonstrating risk management discipline and problem-solving skills
- Good interpersonal and communication skill
- Ability to work a hybrid schedule
- Willingness to work on-site at stated location on the job opening
- Ability to work additional hours as needed
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