Wells Fargo Operational Accounting Assistant 

Singapore 

815116948

Responsibilities:

• Support daily transactional reconciliation processes performed by offshore India reconciliation team for a variety of Wholesale business products including Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury etc.
• Review of end of day balance reconciliation between the “Subsystem (i.e. Flexcube/Flex pay, Midas+, LoanIQ Tradeworks, RFX, IBIS, AIMS) and General Ledger”.
• Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL, in US Dollars (Cash Substantiation).
• Investigate and escalate outstanding items as per accounting standard policy and Enterprise-wide Operational reconciliation standards and investigate out of balance conditions on timely manner working with Account owners and Resolution owners across functions and businesses to identify root cause of breaks and support timely resolution.
• Review documentation for aged items that exceed corporate standard to ensure alignment to procedure
• Monitor and validate daily/monthly reports received and loaded to the system to ensure accuracy in reconcilement and to avoid business impact. Work with Operational stakeholders / Account owners to ensure that reconciliation data deficiencies tracked and escalated to functional leadership and Technology for remediation
• Assist with month end close including review of reconciliations - Nostro/GL; Subsystem; Cash Substantiation; FX Position; Supplemental (Multiple System Data comparison); Balance Sheet/P&L Certification; month-end journals
• Assist with external and internal 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 both as part of month-end close and daily reconciliation activities
• Analyze multiple system source data and provide the EOD report to Wholesale Operations department internal customer timely manner.
• Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks.
• Maintain and update regional functional process maps, desktop procedures and control procedures
• Support UAT and regression testing and functional change management processes
• Support annual functional RCSA process ensuring functional risk and controls documented and appropriately mitigated

Required Qualifications:

• 2+ years of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Bachelor’s degree in finance or commerce or recognized accounting qualification
• 2+ years of overall experience in banking industry required.

Job Expectations:

• 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 can 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.
• Ability to work both independently as well as within a team environment with good interpersonal skills
• Ability to work with offshore teams
• Ability to adapt and to manage change
• Proven knowledge of IRIS Web/Oracle GL processing.
• Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT
• Effective oral and written communication skills.

Wells Fargo Recruitment and Hiring Requirements:

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