Mar 26, 2020

Securities Operations Service Specialist 4

  • Wells Fargo
  • Minneapolis, MN, USA
Full-Time Other

Job Description

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.
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.
The Income Collections Department within WIM Trust Services Group is seeking a team member with strong communication and customer service and resolution skills to support the team's daily income processing requirements. This individual will possess a willingness to learn new skills to advance in their career and proven ability to build strong partnerships with our supporting lines of business. The successful candidate will have an excellent attention to detail and a strong sense of ownership and accountability.
  • Performs a variety of operational tasks for highly complex securities or cash related transactions or processes that require expert knowledge of unit functions and systems, become "subject matter expert" for all income processing
  • Support all transaction and reconciliation processing for CMO Pool income - Including knowledge of all impacted applications
  • Support all transaction of Treasury income processing - Including knowledge of all impacted applications and EOD reconciliations
  • Support all aspects of physically held bond/private placement income processing - Including knowledge of all impacted applications, EOD balancing and missing payment escalation and resolution.
  • Oversee and ensure timely resolution of client inquiries related to CMO/Pools, and physically held bond income processing
  • Calculates payment amounts by using factors and rates obtained from various data sources
  • Determines account entitlement for upcoming income payment events through system routines and reports
  • Create department level reporting using multiple sources
  • Oversee team's reported Frontier Cash and Position differences to ensure department meets their reporting and resolution requirements
  • Support department end of day balancing activities, including DTC Net Settlement and all DDA and G/L account reconciliations
  • Support department's incoming email and phone inquiry management processing with expectation of role being first point of contact for research and resolution
  • Support our EGS partners with CMO income processing questions and difference resolution
  • Provide quality control oversight to ensure procedures and controls are consistently followed
  • Acts as liaison between supporting lines of business and financial institutions in support of income entitlements and payment resolutions
  • Researches and reconcile operating/suspense account differences
  • Processes formal claims for entitled funds not received by Wells Fargo Bank
  • Validates and pays income claims issued against Wells Fargo Bank
  • Coordinates situations involving multiple departments relating to core responsibilities
  • Additional opportunities include involvement with department initiatives that require analytical thinking and technical knowledge

Required Qualifications
  • 4+ years of experience in one or a combination of the following: customer service, operations, financial services, accounting, business processing, analytical, financial, clerical, or call center

Desired Qualifications
  • Strong attention to detail and accuracy skills
  • Intermediate Microsoft Office skills
  • Ability to navigate multiple computer systems, applications, and utilize search tools to find information
  • Excellent verbal, written, and interpersonal communication skills
  • Effective organizational, multi tasking, and prioritizing skills
  • Ability to work independently, proactively, innovatively, and creatively while exercising sound judgment
  • Solid problem solving skills
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Exposure to Wells Fargo SEI Trust 3000 Wells Fargo Trust Accounting system of record
  • Experience in gathering, analyzing and interpreting large datasets
  • Ability to work effectively, as well as independently, in a team environment
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Knowledge and understanding of securities industry and securities processing/operations

Other Desired Qualifications
  • DTCC Web Experience
  • SEI Experience
  • Reconciling Experience
  • Frontier 5.2 experience

Street Address
MN-Minneapolis: 550 South 4th St - Minneapolis, MN


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.





Security Clearance

NO Security Clearance

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