Finance & acctng specialistWells Fargo

Job Description : About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside Job Description : About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Market Job Description About Enterprise Global Services Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our . Department Overview The Capital Markets Accounting Operations Center of Excellence was established to bring the controller activities into one centralized team within the Controllers division that delivers expertise on anything and everything that touches the ledger. This team focuses on reconciliations and controls on fixed income, securities, and derivatives for Traded Products. The group performs reconciliations of books and records across Well Fargo Securities supporting the corporate general ledger, stock record, depositories, custodial positions, and SEC/regulatory reporting. About the Role The SOA Middle Office team supports the Middle Office function related to Assets Held-for-Sale & Held-To-Maturity portfolios. This function compares information between systems of record, trade capture system, and custodian records and receives several reconciliation reports prepared by SOA Balance and Control team. Exceptions are researched, updated, and resolved. Responsibilities Validation procedure to ensure that Wells Fargo's short term daily funding does not exceed the 10% liquidity limit Exceptions review of Balances in the Nonaffiliate (BONY) account to the corresponding GL accounts which were not automatically reconciled/matched Transactions related to expected cash disbursements and payments versus actual cash received that were not automatically reconciled/matched Manual review and reconciliation of GL balance versus - Statement balance for Nonaffiliate Cash Due From/Money Market accounts Supporting Documentation of designated accounts - WF-issued short term debts Payment Receivable accounts - ensuring zero balances or accounting for payment lags Supporting Documentation of designated accounts - EagleWeb entries and FHLB statement/activity reports Manual reconciliation of repurchase agreements/preset collateral requirement versus collateral assigned to the agreement, ensuring the latter is sufficient for the prior business day Manual reconciliation of all accounts and GL balances - (1) ensuring zero balances on suspense accounts and (2) matching GL with SIMCORP balances for MTOB accounts Manual reconciliation and exceptions review of WF positions versus automated trading application data files (Wells Capital and Blackrock) WF positions versus Custodian automated position data files Trades review for FAS167 securities for consolidation versus data files supplied by Mortgage and Controllers Exceptions review of Portfolio trades meeting Investment Grade agency ratings and exclusion of non-Investment Grade securities Non-Intercompany activity and balances, ensuring these net to zero Breaks that are less than 60 days between buy and sell date of the trade Generate control reports from systems of records Various validation activities Market Skills and Certifications Essential Qualifications Certified Public Accountants (CPAs) and Chartered Financial Analysts (CFAs) or FINRA Licensed (Series 7 or 99) highly preferred. Must have at least 2 years of experience in accounting preferably in Private Equity Accounting and securities products, US Regulatory Reporting, US Financial Services and reconciliation/validation. Experience with IntelliMatch and ticketing tools is a plus Experience with reconciliations and the month end general ledger close process. Familiarity in portfolio or securities accounting such as securities, commodities, investment funds, derivatives and especially foreign exchange Must have in-depth background in compiling and analyzing financial information in preparing entries to accounts, such as general ledgers and document business transactions. Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions Ability to resolve accounting discrepancies Must be able to establish, maintain, and coordinate the implementation of accounting and accounting control procedures Candidates must be willing to work in night shifts (7:00PM to 4:00AM), or weekends/holidays if deemed necessary by the business We Value Diversity At Wells Fargo, we believe in diversity and inclusion in the workplace accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. 64854
Monster

Philippines
Permanent
Full-time