Wells Fargo Securities Operations Associate 

India, Karnataka, Bengaluru 

911224270

In this role, you will:

• Participate in low complexity lifecycle support tasks and help identify opportunities for process improvements within Securities Operations
• Review basic or tactical issues, policies or procedures for which answers can be quickly obtained, related to low risk tasks and deliverables with narrower impact
• Receive direction from manager and exercise judgment within defined parameters related to resolving situations on a full process within a trade environment, while developing understanding of various functions, policies, and procedures
• Provide information to, collaborate, and consult with peers, colleagues and managers, including internal and external customers, to resolve issues and achieve goals
• Build expertise in operational processes including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, and general ledger reconciliation
• Assist in gathering data to support resolution of issues; review and analyze functional operational tasks that require research and evaluation
• Resolve low complexity escalated issues within the scope of responsibility in Security Operations
• Research low complexity business risks, provide input into policies, enhance customer satisfaction, and review time sensitive documents and transaction requests
• Support overall effectiveness of the team according to plans; monitor daily securities and cash related production work
• Contribute to implementation of projects, new or revised processes, and procedures that require coordination among operation teams and may perform analysis for initiatives that support business strategies
• Perform daily detailed reconciliation for a variety of Banking business products like Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury etc.
• Perform an end of day balance reconciliation between the “Subsystem (i.e. AIMS, InfoLease, LeaseConnect, Choice, Lucas) and General Ledger”.
• Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL, in US Dollars (Cash Substantiation).
• Review currency exposure or foreign exchange (FX) risk on the position level and report the valuation results on a regular basis (daily or monthly) based on an internationally accepted accounting principle.
• Investigate and escalate outstanding items as per accounting standard policy and OOB conditions on timely manner.
• Bank DDA to GL reconciliations.
• Reconciliation Open item resolution.
• Month-end closing & reporting including journal vouchers.
• Review and Approve documentation for aged items that exceed corporate standard.
• Monitor and validate daily/monthly reports received and loaded to the system to ensure accuracy in reconcilement and to avoid business impact.
• Assist with Books and Records month end close for the reconciliation includes detailed Nostro/GL; Subsystem; Cash Substantiation; FX Position; Supplemental (Multiple System Data comparison); Balance Sheet/P&L Certification.
• Assist with Audit and Operations inquiries and will keep the manager aware of any concerns or special requirements.
• Follow up on inquiries submitted by various lines of business for resolution or escalation.
• Analyze multiple system source data and provide the EOD report to Commercial Banking, WIM, CIB Operations department internal customer timely manner.
• Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks.

Required Qualifications:

• 6+ months of Securities Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Overall experience in banking industry required.
• Bachelor's degree in commerce or master's in business administration with finance stream.
• Knowledge of Corporations Accounting and Controls standards and policies Broad Banking/Financial services experience.
• Experience in performing various reconcilements such as Cash/Nostros, Suspense and Subsystem.
• Proven understanding of accounting fundamentals as it relates to Nostros/Cash, Suspense and Subsystem reconcilements.
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment.
• Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities.
• Ability to research and report on a variety of issues using problem solving skills.
• Proven ability/proficiency with the use of various types of automation.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Ability to work both independently as well as within a team environment.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT
• Effective oral and written communication skills.
• Open to any shifts (as applicable for APAC, EMEA, USA & Canada).

17 Mar 2025

Wells Fargo Recruitment and Hiring Requirements:

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