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Securities Operations Associate

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Wells Fargo

Yesterday

  • Job
    Full-time
    Junior Level
  • Banking & Finance
  • Hyderabad, +1
  • 2d left

AI generated summary

  • You need 6+ months in Securities Operations or equivalent. A PG-MBA in Finance is preferred, along with certifications like CIPM, CFA, or FRM, but not mandatory.
  • You will support lifecycle tasks, resolve low complexity issues, analyze operational data, collaborate with teams, and generate performance and account valuation reports while enhancing processes.

Requirements

  • 6+ months of Securities Operations experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Experience in Securities Operations and performance reporting equivalent experience demonstrated through one or a combination of both.
  • PG - MBA in Finance, Investment and Capital Market and professional certificate is preferred like CIPM, CFA, FRM but not mandatory.

Responsibilities

  • 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
  • Generate APL Performance Report - this includes validating/correcting the underlying performance data by working daily reports and reviewing outlier accounts
  • Hypothetical Errors - this calculates the hypothetical value of an account, as if no error had occurred and the difference between the hypo value and actual is the harm/benefit
  • Account Valuation Reports - processing reports showing the value of the account and underlying positions as a historical date, typically the date of death
  • Data Download - processing requests to send client account data to a third party
  • Generate Institutional Performance Reports - this includes validating/correcting the underlying performance data by comparing it to the custodial statement

FAQs

What is the main role of a Securities Operations Associate at Wells Fargo?

The main role of a Securities Operations Associate involves participating in low complexity lifecycle support tasks, identifying opportunities for process improvements, and providing support in various operational processes related to Securities Operations.

What qualifications are required for the Securities Operations Associate position?

A minimum of 6+ months of Securities Operations experience or equivalent experience is required. This can be demonstrated through work experience, training, military experience, or education.

Are there any preferred qualifications for this position?

Yes, preferred qualifications include experience in Securities Operations and performance reporting, as well as advanced degrees such as an MBA in Finance, Investment and Capital Market, and professional certificates like CIPM, CFA, or FRM, although these are not mandatory.

What kind of tasks will the Securities Operations Associate be responsible for?

The Associate will be responsible for tasks such as generating performance reports, calculating hypothetical errors, processing account valuation reports, handling data downloads, and generating institutional performance reports.

What is the work environment like for this position?

The work environment is collaborative, where the Associate will consult and collaborate with peers, colleagues, managers, and customers to resolve issues and achieve goals while supporting overall team effectiveness.

What kind of issues will the Securities Operations Associate be handling?

The Associate will primarily deal with low complexity issues, conduct research on business risks, and resolve low complexity escalated issues within the scope of their responsibilities in Securities Operations.

Is there a specific deadline for applying to this job?

Yes, the posting end date for this job is December 24, 2024, but the job posting may come down early due to a high volume of applicants.

How does Wells Fargo value diversity in its hiring process?

Wells Fargo believes in diversity, equity, and inclusion in the workplace and welcomes applications from all qualified candidates regardless of various protected characteristics.

What is the drug and alcohol policy at Wells Fargo?

Wells Fargo maintains a drug-free workplace, and details regarding their Drug and Alcohol Policy are available for review.

Are accommodations available for applicants with disabilities?

Yes, accommodations for applicants with disabilities are available upon request during the recruitment process.

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Wells Fargo

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.