Wells Fargo Operational Accounting Assistant 

United Kingdom, England, City of London 

886598687

About this role:

Collaboration withdepartments/stakeholderslike Finance, Operations, Static Data, Production Support, and Technology across EMEA and globally is crucial. The goal is to identify reconciliation discrepancies' root causes and promptly resolve issues for Account owners and remediation owners. The role also involves contributing to efficiency and automation projects while enhancing control measures to mitigate risk factors associated with regional reconciliations.

In this role, you will:

• 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 procedural requirements

• 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 drive leadership awareness of issues identified.

• Follow up on inquiries submitted by variou.s lines of business for resolution or escalation both as part of month-end close and daily reconciliation activities

• Analyze reconciliation metrics and provide reporting support to Wholesale Operations customers timely.

• Work closely with Oversight, Technology and Production Support team to resolve reconciliation issues/breaks.

• Support function in issue management ensuring appropriate issue escalation and remediation to agreed timelines.

• Maintain and update regional functional process maps, desktop procedures and control procedures.

• Support UAT and regression testing and functional change management processes.

• Support functional drive for process automation and driving consistency of process for Reconciliation Utility.

• Support annual functional RCSA process ensuring functional risk and controls documented and appropriately mitigated.

Required Qualifications:

• Experience in Operational Accounting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

• 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.

• International Banking Operations Experience.

• Demonstrated understanding of accounting principles.

• Proven intermediate Microsoft Excel, Word and Power Point skills.

• Proven Basic Excel VBA/Macro Skill.

Desired Qualifications:

• Bachelor’s degree in finance or commerce or recognized accounting qualification.

• Experience of working in the banking industry required.

Wells Fargo Recruitment and Hiring Requirements:

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