About this role:

Wells Fargo is seeking a Lead Securities Operations Specialist.

Candidate will be responsible for providing reconcilement support to all of the Lines of business groups within Wholesale Operations across APAC, EMEA, USA & Canada. The reconciliation includes Detailed Nostro/GL; Subsystem; Cash Substantiation; Portfolio Recon; FX Position; Supplemental (Multiple System Data comparison) and SWIFT Messages/Payments. Team Members will closely work with multiple departments/stakeholders (Finance, Cash, Operations, Static Data, Production Support, Technology, etc.) across globe to identify efficiencies and establish the necessary key controls/reports to capture all risk related items across all Reconciliations performed in Wholesale Operations.

In this role, you will:

• Lead complex lifecycle initiatives and support tasks, including those that are cross-functional with broad impact, and act as key a participant in large-scale planning and deliverables; identify opportunity for process improvements within Securities Operations

• Review and analyze complex multi-faceted, larger scale or longer-term operational tasks or challenges that require an in-depth evaluation of multiple factors including intangibles or unprecedented factors

• Make decisions in complex and multi-faceted situations related to a full process within a trade environment while leveraging solid understanding of the function, policies, procedures, and compliance requirements that influence or lead team to meet deliverables and drive new initiatives

• Strategically collaborate and consult with peers, colleagues and mid-level to senior managers to resolve issues and achieve goals; may lead projects, teams or serve as a mentor

• Manage and develop expertise in the following operational processes including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, and general ledger reconciliation

• Resolve complex escalated issues within the scope of responsibility in Security Operations

• Research complex business risks, develop policies, enhance customer satisfaction, and review time sensitive documents and transaction requests

• Exercise independent judgment in understanding trade settlement and influence workflow controls to minimalize the effects of operational breakdowns

• Lead overall effectiveness of the team according to plans; monitor daily securities and cash related production work

• Lead implementation of projects, new or revised processes, and procedures that require coordination among operation teams and perform analysis for initiatives that support business strategies making decisions on matters with financial impact and risk

• Optimize Intellimatch/Xceptor usage, enhancing automated matching logic and exception workflows to improve overall reconciliation efficiency

• Design and enforce reject management processes, ensuring failed transactions are swiftly investigated and resolved.

• Mange SWIFT message processing, ensuring accurate interpretation of MTs and MX messages across reconciliation platforms

• Strengthen ETL data integrity, ensuring seamless extraction, transformation, and loading of financial data into reconciliation engines.

• Monitor missing statement controls, proactively addressing data gaps that impact reconciliation completeness and closely work with external agent banks/tech teams/relationship managers.

• Develop feed management controls, ensuring accurate and timely ingestion of financial data into reconciliation systems.

• Establish a robust static data maintenance framework, ensuring accuracy in reference data and system configurations.

• Enhance reconciliation governance, aligning with regulatory and internal risk control standards.

• Drive automation and process optimization, reducing manual intervention and operational risk.

• Lead investigation on breaks, escalations, and remediation efforts, collaborating with risk, compliance, and technology teams.

• Partner with senior stakeholders across operations, risk, technology, and finance to drive reconciliation improvements.

• Collaborate with external vendors, ensuring optimal Intellimatch/Xceptor configurations and reconciliations capabilities.

• Measure, monitor and ensure all source feeds (both internal and external) are received within agreed SLA., identifying process improvements to gain synergies on an ongoing basis.

• Extensive experience on monitoring ledger and statement rejects queues in Intellimatch/Xceptor.

• Extensive experience on out of proof control checks to ensure data integrity of ledger and statement feeds.

• Escalate and resolve missing/incomplete feed data loads. Strong knowledge and experience of Reconciliations within an Investment Banking/Corporate/Wealth businesses.

• Should lead the end of day control checks on rejects/Out of proofs & ensure all are resolved or anything outstanding should appropriately reported as per the regulatory framework

• Responsible for ensuring all account static maintenance gets completed including creation, amendment and closure of account setup/Department code/Match rules/Auto coding rules after validation and checks

• Extensive knowledge on IntelliMatch/Xceptor look up table & Group filter maintenance

• Fair understanding around Securities merging for Depot recs

• Fair understanding of IntelliMatch/Xceptor static fields such as legal entity/client firm maintenance & Reconciliation Catalogue Static updates

• Should have fair understanding around leading multiple tech/ops related projects

• Proficient in the maintenance of matching criteria in IntelliMatch/Xceptor along with the facilitation of testing and setup.

• Responsible for escalation of any outstanding Rejects/Out of Proofs/Missing Statements to Operational Risk & Control and regulatory teams

• Act as the key point of contact with stakeholders (i.e. Technology, Change Manager) in order to implement changes.

Required Qualifications:

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

Desired Qualifications:

• Strong experience in Fintech Domain, must in reconciliations Expertise in IntelliMatch, Xceptor & Other reconciliation tool, including configuration, automation, and exception management.

• In-depth knowledge of SWIFT messages, including MT940, MT950, MT103, MT535/536, and ISO 20022 standards.

• Strong understanding of ETL processes, data transformation techniques, and financial data integrity controls.

• Proven track record in reconciliation risk management, static maintenance, and reject management controls.

• Exceptional analytical skills, with the ability to access complex data issues and drive resolution.

• Experience in process automation, leveraging Al/ML or RPA solutions for reconciliation enhancement.

• Leadership experience, managing global teams and stakeholder engagements.

• Strong communication and problem-solving skills, with an ability to influence across levels.

• Exhibits strong relationship / negotiation orientation with senior level business partners globally.

• Ability to work in a matrix environment and managing multiple competing priorities.

• Strong stakeholder management, networking and relationship management skills.

• Ability to drive change and transformation, project management & implementation in business operations.

• Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas.

• Takes ownership and accountability for responsibilities, business outcomes, and for management of risk exposure.

• Advanced PC skills, including Microsoft Office Applications

• Excellent Communication, planning and organizing skills.

• Excellent verbal, written, and interpersonal communication skills.

Job Expectations:

• Minimum B.Com Graduation Degree / MBA (Finance)/Post Graduation

Posting End Date:

17 Mar 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-drug-and-alcohol-policy) to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

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

Req Number: R-441779