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Institutional Investment Operations Associate - Data Analysis

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  • Job
    Full-time
    Entry Level
  • Data
    Banking & Finance
  • Hyderabad, +1

Requirements

  • 6+ months of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Finance related experience &/or equivalent number of years of data analysis utilizing tools such as Microsoft Excel, Microsoft Access, SQL Server, Oracle, while utilizing various methods to automate the output using T-SQL/PL/SQL and writing complex logic to provide the end users with concise reporting.
  • Expected to maintain knowledge of the department and industry specific process and procedures.
  • Solid understanding of the regulatory implications of FINRA, MSRB and SEC rules related to trade confirmations and statements.
  • Strong knowledge of bank software, desktop software, email, and Microsoft suite of applications.
  • Extensive experience with user acceptance testing, regression testing, and production checks.
  • Experience with data analysis supporting institutional clients.
  • Dependability, attention to details, high integrity, and the ability to partner well with others.
  • Excellent decision making and problem-solving skills.
  • Experience with client relationship management with a focus on risk management and mitigation.

Responsibilities

  • Act as a liaison between Wells Fargo and the third-party vendor to ensure documents are generated and delivered within SLA and meet quality standards.
  • Partner on projects with the business, regulatory change management, legal and compliance when regulatory requirements or business needs change.
  • Facilitate the review of monthly statements with the QA team along with training and escalation management.
  • Review and research complex multi-faceted operational and customer inquiries on securities transactions for institutional trade and transaction flows which may include after hours work to troubleshoot production issues.
  • Demonstrate full knowledge and serve as a lead on complex initiatives in operational and customer service for lifecycle support for institutional trade flow functions as well as support resolution of issues in and out of their responsibility.
  • Participate in various risk and control framework exercises as well as internal and external audits.
  • Deep understanding of reference data hierarchy, regulatory knowledge impacting Capital markets is critical to have.
  • Self-starter with the ability to challenge status quo & improve quality of delivery /output.
  • Ensure operational practices are in compliance with relevant risk standards, policies and regulations to maintain an effective control environment.
  • Excellent presentation skills, effective written and verbal communication skills.
  • Build, maintain & nurture relationship with global senior stake holders.
  • Communicate, correspond, understand requirements & turn them into meaningful dashboards which influence decision making in the interests of our customers & stake holders.
  • Deep data analysis to locate and identify various aspects of the Client reporting requirements. (Data analysis includes potentially manually reviewing documents, system data points, aggregation and reporting of issues or gaps within the data).
  • Strong interpersonal and influencing skills, with the ability to establish credibility and strong partnership with business partners and other support functions. Consultative in approach, understanding and anticipating business partner needs and proactively delivering solutions.
  • Strong organizational and project management skills with demonstrated ability to manage expectations and deliver on commitments.

FAQs

What is the role of an Institutional Investment Operations Associate?

The role involves acting as a liaison between Wells Fargo and a third-party vendor, ensuring the generation and delivery of customer account trade confirmations and statements within service level agreements (SLA) and quality standards.

What qualifications are required for this job?

A minimum of 6+ months of Institutional Investment Operations experience or equivalent, which can include work experience, training, military experience, or education, is required.

What tools and skills are desired for this position?

Desired skills include finance-related experience, data analysis expertise using Microsoft Excel, Access, SQL Server, and Oracle, as well as knowledge of the regulatory implications of FINRA, MSRB, and SEC rules regarding trade confirmations and statements.

What responsibilities does this position entail regarding customer inquiries?

The position requires reviewing and researching complex operational and customer inquiries related to securities transactions for institutional trades, which may include after-hours troubleshooting of production issues.

Is there an expectation for experience with testing and audits in this position?

Yes, extensive experience with user acceptance testing, regression testing, production checks, and participation in various risk and control framework exercises, as well as internal and external audits, is expected.

What qualities are important for candidates applying for this role?

Important qualities include dependability, attention to detail, high integrity, excellent decision-making and problem-solving skills, as well as strong interpersonal and influencing skills.

Will there be a focus on regulatory knowledge in this position?

Yes, a deep understanding of regulatory knowledge impacting capital markets is critical for this role, including compliance with relevant risk standards and regulations.

Are there opportunities for professional development and project participation?

Yes, the role includes partnering on projects with various teams and participating in initiatives related to regulatory change management, legal compliance, and overall business needs.

What is the company’s stance on diversity and inclusion?

Wells Fargo values diversity, equity, and inclusion, welcoming applications from all qualified candidates regardless of race, color, gender, national origin, religion, age, sexual orientation, and other protected statuses.

What are the expectations regarding communication skills for this role?

The role expects excellent presentation skills along with effective written and verbal communication skills to build and maintain relationships with stakeholders.

Finance
Industry
10,001+
Employees
1929
Founded Year

Mission & Purpose

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.