Securities Operations Representative

1 week ago

Bengaluru Karnataka, India Wells Fargo Full time

**About this role**:
Wells Fargo is seeking a Securities Operations Representative

**In this role, you will**:

- Perform various operational tasks on complex securities that require general knowledge of unit functions and systems
- Support securities operations
- Identify ways to improve the overall process
- Perform moderately complex duties such as processing, researching inquires and reconciling transactions
- Review time sensitive documents
- Receive direction from supervisor and coordinate situations involving other departments
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Interact with internal customers
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

**Required Qualifications**:

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

**Required Qualifications for Europe, Middle East & Africa only**:

- Experience in Securities Operations, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

**Job Expectations**:

- Priority Credit Line (PCL) is a securities-based lending product clients can use for personal or business needs
- Responsible for reviewing documentation is in good order for establishing new PCL relationships, modifying existing PCL relationships, and trust conversions related to existing PCL relationship.
- Team is also responsible for booking documents and updating account registrations. This also entails processing of PCL payoff letters.
- Review disbursements from PCL loans according to specific procedures to ensure that the usage of loan proceeds complies with regulatory requirements.
- Review banking activity for which there are insufficient funds in the account to cover and work with the business channel for resolution and payment/rejection.
- Monitoring for compliance with regulatory and/or internal policy requirements, and following up on situations ( margin calls) where the existing collateral is insufficient to meet either internal policy or regulatory requirements
- Involves communicating and coordinating with the appropriate business channel to understand how the debit will be covered and, if needed, writing off the debit to the business channel if not covered within the defined time frames
- Responsible for managing the account titling/pledging, any related collateral releases while pledged, and removing the pledge when instructed.
- Activities also includes Monitoring Accounts for Margin Agreements, Executing Preferred Interest Rates, Facilitate Employee Stock Option Plan Transactions, Account Restriction Management, Monitoring Day Trade Activity and Bulk Asset Movements
- Performs a variety of operational tasks which high complex in nature.
- To be able to escalate any discrepancies/issues to the supervisors in a timely fashion.
- Good understanding of market participants like custodian, clearinghouse, brokers, Investment Managers, exchange etc.
- Good Understanding of Credit Margin and Priority Credit Line.

**Posting End Date**:
12 Dec 2024
**Job posting may come down early due to volume of applicants.**

**We Value Diversity**

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.

**Applicants with Disabilities**

**Drug and Alcohol Policy**

Wells Fargo maintains a drug free workplace. Please see our 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.

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