Job Description

Institutional Investment Operations Specialist/Sr. Specialist (ABS/CMBS/RMBS) About Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations Department Overview Corporate and Investment Banking (CIB) Securities Operations is a cross-functional group of teams that provide support for CIB-Markets and the broader Wells Fargo organization. The Middle Office operations team in India along with their onshore partners are primarily responsible for the daily support of Rates, Equity, Credit, Commodities, Money markets, Residential commercial backed securities, and Commercial mortgage backed securities, Government securities trading and sales desks. About the Role Candidate will be expected to work closely with the Middle Office LoBs in US and broad Operations functions. Some of the key functions would be a) Exception management through various reconciliations, b) Queue monitoring, c) performing trade affirmations, allocations & validation, d) producing key metrics & varied reporting. Candidate shall be able to demonstrate good understanding of financial products and key regulations impacting the financial markets. Responsibilities to include: Support the lifecycle of Institutional trades while managing a larger group or multiple groups covering the following functions T0 Blotter checks, PNL Attribution review, Trace monitoring, Investigation & resolution of exceptions from Internal & external reconciliations for OTC Derivative asset class, monitoring various queues, performing key trade life cycle functions such as trade affirmations, allocations & validation, producing key metrics & varied reporting. Perform daily Profit and Loss reporting & attribution reporting Perform daily reconciliation of Profit and Loss with finance and system of record Perform daily reconciliation of unrealized PNL, realized PNL and marketing fee between system of record and Front Office Responsible for documenting and maintaining standard operating procedures for PNL Team Perform other ad hoc projects as assigned Demonstrate good understanding of financial products & middle office controls (Asset backed securities, Residential & commercial mortgage backed securities. Daily review of desk\'s PnL attribution and Transaction Volumes to ensure results within tolerance for reporting to the OCC. Daily review of traded items that report late to Finra TRACE & mismatches. 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 Interpret and develop policies and procedures for functions with low to moderate complexity Ability to accurately process high volumes of work within established deadlines Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas, foster team work Essential Qualifications University degree/Post graduation in Business /Accounts/Economics/Stats. 5 to 10 years of experience in the institutional Investment Banking Operations especially in Asset backed securities, Residential & commercial mortgage backed securities. Working knowledge of the either of functions ex: Middle office Operations, Product control, trade & sales support, trader/sales assistant. Good understanding of Middle office controls, daily risk & PnL Willing to work in US Shift. Ability to work in a fast paced environment and time constraints Strong communication skills Desired Qualifications Experiences should include familiarity with Investment industry and practices in the Financial Services industry as well as operational delivery experience Analytic thinker who likes to solve problems with strong attention to detail Analyst should have strong numerical and analytical skills, strong articulation and out of box thinking. Good problem solving, analytical and numerical skills 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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. 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. Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our to learn more.

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