About this role:Wells Fargo is seeking a Lead Securities Operations Specialist overseeing Funding and Liquidity for Wells Fargo Clearing Services, playing a pivotal role in overseeing complex funding and liquidity operations, ensuring the accuracy of cash movement and managing risk. As a senior member of the team, this position requires extensive experience in cash management, regulatory compliance and process optimization. The Lead Securities Operations Specialist serves as a key resource for mentoring junior staff, providing subject matter expertise, and acting as strategic partner in enhancing the efficiency and effectiveness of funding operations.
In this role, you will:- Lead complex lifecycle initiatives and support tasks, including those that are cross-functional with broad impact, and act as key a participant in large-scale planning and deliverables; identify opportunity for process improvements within Securities Operations
- Review and analyze complex multi-faceted, larger scale or longer-term operational tasks or challenges that require an in-depth evaluation of multiple factors including intangibles or unprecedented factors
- Make decisions in complex and multi-faceted situations related to a full process within a trade environment while leveraging solid understanding of the function, policies, procedures, and compliance requirements that influence or lead team to meet deliverables and drive new initiatives
- Strategically collaborate and consult with peers, colleagues and mid-level to senior managers to resolve issues and achieve goals; may lead projects, teams or serve as a mentor
- Manage and develop expertise in the following operational processes including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, and general ledger reconciliation
- Resolve complex escalated issues within the scope of responsibility in Security Operations
- Research complex business risks, develop policies, enhance customer satisfaction, and review time sensitive documents and transaction requests
- Exercise independent judgment in understanding trade settlement and influence workflow controls to minimalize the effects of operational breakdowns
- Lead overall effectiveness of the team according to plans; monitor daily securities and cash related production work
- Lead implementation of projects, new or revised processes, and procedures that require coordination among operation teams and perform analysis for initiatives that support business strategies making decisions on matters with financial impact and risk
- Ensure compliance with internal controls and regulatory requirements, proactively addressing any issues to minimize operational risks. Support the Supervisor by offering deep insights into the funding processes, advising on best practices, and contributing to strategic decision making
Required Qualifications:- 5+ years of Securities Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:- Proven experience with payments or funding related roles, with a strong understanding of cash management and liquidity operations
- Understanding SEC 15C3-3 Customer Protection Rule and the requirements
- FINRA registration including Series 99 or 7 (or FINRA recognized equivalents)
- Expertise with general ledger functions and their integration into financial operations
- Ability to collaborate with group Treasury Liquidity Risk Management (LRM) to ensure funding is positioned for the entity
- Familiarity with Liquidity Management and knowledge of ways that can be accomplished
- Bachelors degree in Finance, Accounting, or a related field
- Proven leadership experience, with the ability to mentor staff and step into a supervisory role as needed, overseeing team operations, making key decisions, and ensuring continuity of service
- Provide direction and support during high pressure situations, demonstrating strong leadership and problem-solving abilities
- Communicate effectively with senior management and stakeholders, offering updates and addressing any escalations in a timely manner
- Strong analytical skills and attention to detail, with a track record of process improvement
- Proven leadership experience, with the ability to mentor staff and step into a supervisory role as needed
- Build strong relationships with internal and external stakeholders, acting as a trusted advisor and point of contract for funding related matters
- Monitor KPIs related to cash management and liquidity, identifying trends and addressing any performance gaps
- Support the Supervisor in identifying talent and developing succession plans for key roles within the team
- Ensure timely execution of daily funding activities with 100% accuracy
- Support the Supervisor by offering deep insights into funding processes, advising on best practices, and contributing to strategic decision-making
- Lead initiatives to streamline workflows and optimize resource allocation focusing on delivering high-quality results with speed and accuracy
- Collaborate with the offshore support team and onshore staff to implement enhancement and best practices
- Manage complex client queries and escalations, maintaining a high standard of service and professionalism
- Provide feedback and guidance to team members, helping them build their skills and advance in their roles within the team
Position location: Charlotte, NC - CIC Customer Information Ctr.
Job Expectations:- Willingness to work on-site at the posted location
- This position offers a hybrid work schedule
- Ability to work additional hours as needed
- Ability to be flexible with working hours
- Visa sponsorship is not available for this position
- Registration for FINRA Series 7 or 99 must be completed within 120 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
- For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite may also be required
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Note: Job posting may come down early due to volume of applicants
Posting End Date: 25 Nov 2024
*Job posting may come down early due to volume of applicants. We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells 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.
