At a Glance
- Tasks: Oversee international securities settlement and ensure timely processing of trades.
- Company: Join Wells Fargo, a leader in corporate and investment banking operations.
- Benefits: Gain valuable experience, competitive pay, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on innovation and efficiency.
- Why this job: Make an impact in a dynamic team while learning about global financial markets.
- Qualifications: Experience in investment operations and strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
About this role: Wells Fargo is seeking a Securities Operations Settlement Specialist to join the International Securities Settlement Team within Corporate and Investment Banking Operations. This pivotal role involves overseeing fixed income prematching and ensuring the accurate and timely settlement of international fixed income and equity trading activities across all WF entities on the settlement date, utilizing major international settlement platforms including Clearstream Banking and Euroclear.
The team works closely with global custodians and key business partners, including Sales and Trading desks, DCM, Middle Office, Risk and Control Teams, to effectively manage exception-driven events. These events encompass a wide range of activities such as fail management, reconciliations, buy-ins, repo settlements, DCM primary activities, stock loan support, prime brokerage support, re-alignment services, corporate actions, 144A/RegS exchanges, ADR conversions, security and cash position breaks, and asset segregation processing.
As a part of this dynamic team, you will engage in lifecycle support tasks for institutional trades, focusing on daily Business as Usual (BAU) activities to monitor settlement status, perform asset segregation, depo realignment, and input wires. Additionally, you will be responsible for reconciling global cash and security movements, ensuring daily balancing with our Global Custodians, including CSDR fees.
In this role, you will:
- Focus on daily BAU to monitor settlement status, perform asset segregation, depo realignment, input wires.
- Reconcile global cash and security movements and daily balancing with our Global Custodians including Clearstream and Euroclear, also CSDR fees.
- Support Clearstream Triparty initiative and repo financing projects, ensuring successful delivery and timely settlement processing model.
- Investigate daily breaks reason and report to CASS team timely and appropriately.
- Participate in moderately complex lifecycle initiatives and support tasks, especially upcoming market change UK & EU T+1.
- Raise ideas for process improvements within Securities Operations, work on operational efficiency by using existing automation tools.
- Resolve daily BAU issues on a full process within a trade environment while leveraging basic understanding of the function, policies, procedures, and compliance requirements; escalate issues to management timely.
- Collaborate and consult with peers, colleagues and mid-level managers to resolve issues, minimize operational and control risk, and achieve goals.
- Resolve moderately complex escalated issues within the scope of responsibility in Security Operations.
- Support 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.
- Present recommendations for resolving complex situations and exercise independent judgement while developing expertise on functions, projects, internal and industry related initiatives.
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
Required Qualifications:
- Experience in Institutional Investment Operations, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Basic understanding of securities operations, settlement processes, and global market infrastructure.
- Working knowledge of international CSDs, including Clearstream and Euroclear, and their settlement and triparty services.
- Understanding basic of Broadridge Systems GLOSS, IMPACT and BPS.
- Strong attention to detail and accuracy skills and solid problem-solving skills.
- Advanced Microsoft Office proficiency, with expert-level Excel skills.
- Ability to work independently, proactively, and innovatively, and creatively while exercising sound judgment.
- Customer service focus with good mindset to capture business needs and recommend solutions.
- Excellent verbal, written, and interpersonal communication skills.
- Effective organization, multitasking, and prioritizing skills.
- Understand or experience in Tableau, Power IB and Xceptor.
Job Expectations:
- Ability to work additional hours and UK Bank Holidays as needed.
CIB Securities Operations - Settlement AVP, 12 Month Fixed Term Contract. in London employer: WELLS FARGO BANK
Wells Fargo is an exceptional employer that prioritises employee growth and development, offering a dynamic work culture that fosters collaboration and innovation across the EMEA, APAC, and Canada regions. With a strong commitment to operational resilience and a focus on building robust customer relationships, employees are empowered to make impactful decisions while enjoying comprehensive benefits and support for work-life balance. The company's dedication to diversity and inclusion ensures a welcoming environment where all voices are valued, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land CIB Securities Operations - Settlement AVP, 12 Month Fixed Term Contract. in London
✨Join Financial Networking Events
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We think you need these skills to ace CIB Securities Operations - Settlement AVP, 12 Month Fixed Term Contract. in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at WELLS FARGO BANK. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give WELLS FARGO BANK confidence in your short-term commitment to the role.
How to prepare for a job interview at WELLS FARGO BANK
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with WELLS FARGO BANK.
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Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
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For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure WELLS FARGO BANK that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
