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At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wealth and Investment Management (WIM) businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, and both individual and institutional retirement.
Wells Fargo Asset Management (WFAM) strives to help investors achieve their financial goals through investment solutions managed by specialized investment teams and backed by collaborative service. WFAM's investment approach centers on autonomous investment teams that maintain their own independent research, idea-generation, and decision-making processes. Its independent investment risk management approach provides a consistent, unbiased framework for analyzing and balancing risk in portfolios. WFAM offers the expertise of over 29 investment teams—each focused on specialized, niche portfolio management strategies—that attempt to meet the diverse needs of our investors.
Position Summary: The position is within WIM Operations – As the Business Initiatives Consultant 3 within the Trade Support & Portfolio Accounting group, the selected professional will lead the department, in partnership with internal business partners and external service providers, in executing WFAM Operations strategic plans inclusive of WFAM business and product development initiatives. The role will be dynamic and require the candidate to be nimble to support various initiatives. While not exhaustive, initiatives may include the introduction of new and/or complex financial strategies and the operational implementation thereof, developing the operational support structure for differing product vehicles, analyzing & developing solutions and executing product & institutional separate account launches, in support of the WFAM business. Duties will also include identifying opportunities to implement/amend processes and procedures to improve operational efficiencies, reduce risk and provide best-in class services in the department. Excellent communication skills are required as the role will be representing the department and will interact with senior leadership and major stakeholders to execute on WFAM Operation's role in support of strategic plans and objectives. The role will consult with business partners to define tasks, budgets and business cases as needed.
Summary Job Description: Responsible for leading cross functional/virtual teams to strategize, plan and execute a variety of programs, services and initiatives that are large in scope and complexity. Examples might include, but are not limited to: finance / operational / executive management review coordination, process improvement and redesign, change management initiatives, ongoing oversight of a leadership /diversity / recognition / Q12 or general program oversight. Provides leadership to other consultants and analysts in the integration/implementation of programs/services/initiatives with cross functional business partners, recognizing the significance of competing priorities and strategies, and adjusting as necessary. Develops metrics and tracks/evaluates performance of programs, services and initiatives. Ensures plans/programs adhere to appropriate policies and regulations. Engages program or project manager at the appropriate level as defined in the Program/Project Management Policy to guide implementation.
The successful candidate will have a strong ability to:
Provide strategic perspective and leadership to projects & initiatives:
Lead the department in all operational aspects to support such initiatives
Develop, communicate and manage critical milestones
Create and deliver presentations in support of senior leadership meetings
ETF Investment Operations – Demonstrate experience in the support of unique, daily ETF requirements: Cash and in-kind settlements, communicating reconciled intra-day cash balances, and communication to portfolio management team for open market purchases.
ETF Investment Operations - Interact and resolve issues in fast paced environment with Portfolio Management teams, Capital Markets Desk and Custodians to resolve issues relating to Portfolio Holdings, ETF settlements, corporate actions, projected income, and cash contributions/withdrawals.
Provide leadership, strong networking & communication abilities with internal business partners & external service providers.
Build successful relationships and collaborating with business leaders and partners while driving for tangible results. Ability to influence others and create strong followership.
Work effectively in a team environment and across all organizational levels, where influencing, flexibility, collaboration, and adaptability are critically important.
Demonstrate strong executive presence, communication and strategic planning skills, with a disciplined mindset, and strong analytical capabilities.
Highly organized and self-motivated, keen ability to operate with a sense of urgency. Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment.
Articulate issues, risks, and proposed solutions to various levels of staff and management.
Demonstrate proven process re-engineering/transformation experience. Ability to drive change toward continuous improvement and excellence.
Deep understanding of the asset management business and products, with added emphasis on ETFs.
Depth and breadth of experience with complex financial instruments, including all derivative asset classes.
Maintain and enhance a proactive relationship with business partners across WFAM, including Compliance, Legal, Product, Investments, Marketing, Sub-Advisors such as Wells Capital Management, etc.
Identify, plan and communicate impact of initiatives/projects to vendors and service providers including custodians, fund accountants, auditors, financial printers, credit providers, prime brokers, securities lending agents, etc.
Create and maintain operational efficiencies via technology, automation and review of business processes. Drive the quality process with the goal of maximizing metrics and attaining clean internal and external audit results.
8+ years of experience in one or a combination of the following: project management, implementation, or strategic planning
Knowledge and understanding of capital markets or trading
Knowledge and understanding of equity and fixed income trading
Knowledge and understanding of financial industry front office electronic trading platforms, order routing, and executions venues
Ability to influence executive decision-making and successfully negotiate critical issue resolution related to program initiatives
Ability to negotiate and facilitate issue resolution
Ability to summarize and recommend new strategies/solutions
A BS/BA degree or higher
An active Chartered Financial Analyst (CFA) designation
Ability to provide leadership to an operations team
Ability to take initiative and work independently with minimal supervision in a structured environment
Ability to work effectively in a team environment
Other Desired Qualifications
Demonstrated ability to analyze and identify operational risks within the current business and the ability to proactively & successfully mitigate and reduce risks across the business
Knowledge of trading systems and industry allocation, confirmation & settlement utilities
Experience managing highly complex issues and negotiating solutions across teams
Versed in the regulations governing the fund industry
Minimum of fifteen years of related buy-side asset management operations industry experience, excellent verbal and writing skills, and strong knowledge of asset management operations
Minimum of ten years buy-side asset management operations management experience, leading operations teams
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
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.
Internal Number: 5546248
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $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 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo