securities Operations senior manager (tax Operations)Wells Fargo

About this role:
Wells Fargo is seeking a Securities Operations Senior Manager...
In this role, you will:
Manage professional teams accountable for overall operational performance of one or more lines of business
Engage with internal partners and peers associated with the function
Identify and recommend opportunities for process improvement and risk control development
Determine appropriate strategy and actions of security operations team to meet high risk deliverables
Develop policies and procedures for security operations within the scope of moderate complexity and responsibility
Collaborate and influence all levels of professionals including managers
Lead team to achieve objectives
Manage allocation of people and financial resources for Securities Operations
Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:
Experience in Securities Operations, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Management experience
Desired Qualifications:
Must be amenable to a night shift schedule, and onsite work
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 30 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.
About Wells Fargo India and Philippines
Wells Fargo India and Philippines 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. Wells Fargo operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about Wells Fargo India and Philippines at our International Careers website.
Department Overview
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.
About the Role
Wells Fargo Investment Operations is seeking for a leader with experience in various back office & middle office functions, which involves Account maintenance, Asset movement, Trade processing, Settlements, Asset Servicing, Reconciliation, Income processing etc. This leader will be primarily responsible for ensuring smooth execution of the production work within Tax Operations based on the necessity with minimal supervision. The leader will manage teams performing operational capabilities required to support the business, execute the next generation of operations by collaborating with the management team to develop and implement plans for the operational infrastructure of systems, processes and personnel.
The leader will manage the Tax Operations team across I&P that will also be responsible for ensuring seasonal volume uptick are managed seamlessly , He/she should also have the ability to adapt quickly to the demand and shift strategies to meet different types of challenges / demands.
Primary Responsibilities;
The incumbent should have over 10-12 years of experience with Financial Services industry with specialized knowledge around Tax Operations, leader should also have ability to:
Leverage experience transforming operational functions in the financial services industry to bring teams together and build effective, efficient operational capabilities aligned with client journeys.
Provide leadership to all aligned teams to improve processes, implement controls, manage resources, and execute on the WIM Operations strategic plan.
Collaborate with senior leaders and provide input to establish the strategic direction for business initiatives.
Ensure operational policies and procedures comply with regulatory compliance for all aligned capabilities.
Recruit, develop, and retain top talent.
Contribute to the long term vision and series of key client, team member, operational, risk, cultural, and financial outcomes to be achieved with transformation.
Contribute to the development and evolution of a multi-year transformation roadmap.
Develop and execute effective change strategies and plans in collaboration with COEs, Operations leadership, Ops Tech leadership, and other key partners to ensure adoption, high team ember engagement, and achieve desired outcomes.
Develop and execute processes and tools to hold individuals and teams accountable for progress.
Contribute to the development of digital strategies to improve the client experience and make the business more efficient and effective.
Ensure all compliance and regulatory requirements are implemented, and SLAs to all partners and stakeholders are met.
Participate in the review of end-to-end business processes to determine where we can simplify and create more efficiencies.
Implement a continuous improvement program to ensure processes and procedures remain current and appropriate.
Benchmark with other operational teams and leverage industry best practices regarding tools and processes where possible and appropriate.
Develop and execute measurement strategies in partnership with finance and others to measure progress and the ultimate impact of initiatives; ensure alignment with stated goals and commitments, and facilitate remediation plans if needed to deliver on commitments.
Develop and leverage data-based insights to manage teams and drive continuous improvement.
Essential Qualifications
Leading Tax Operations teams for a large, complex LOB and/or multiple LOBs
Build and lead the Tax Ops team or teams across a LOB or LOBs. This span is based on the complexity of the process.
Build and lead a team to deliver quality and cost effective off-shoring solutions to the US managers
Manage the LoB's budgets, revenues and expenses
Engage and manage stakeholder relationships and provide solutions when needed
Engage the partners (counterparts in the US) to plan, assign and manage the delivery of work
Operational Excellence: focus on driving continuous improvement
Risk Management: proactively identify risks and build robust internal controls
Develop and maintain a flexible and skilled resource base for provision of the service collaborating with colleagues for efficient resource management
Create opportunities for growth, both horizontal and vertical.
Use Rewards and Recognition to motivate staff and encourage performance.
Improve Staff Engagement and manage attrition.
Should be willing to work in night shift
Desired Qualifications
In depth knowledge of Securities and Capital market Industry, Trade Settlement Cycle, Corporate action events, middle office functions etc.
Expertise in Wealth Management or Financial Services Industry business and operational capabilities.
Process deals with High Value transaction which needs supervisors /managers attention to authorize and approve on a daily basis.
Demonstrated ability leading a major function or large geographic segment of a financial services organization
Daily interactions with external parties like Portfolio Managers , Brokers, Investment and money managers, fund Admins, clearing agents, Transfer agent companies to gather various information's about trade instructions, Money movements, Fund Transfers, Security Pricing, Corporate action events etc.
Demonstrated ability to interact with effectively with a variety of contacts, primarily senior management
Solid budget forecasting and risk management skills
Demonstrated ability to manage through middle and upper level managers
Demonstrated ability to contribute to companywide strategy and to use strategy to drive results
Demonstrates a high degree of reliability, integrity, and trustworthiness in all areas
A seasoned, relationship-driven executive who will have the style and sensitivity to work within a highly complex business environment. Multi-cultural sensitivity a must.
Exhibits excellent problem solving and analytical skills
Good understanding of Six Sigma, Lean, etc. and a track record of continuous improvement through usage of the above quality tools. Experienced in process improvement and quality frameworks
Excellent soft skills - communication skills and ability to influence at senior levels
Demonstrate expertise in project management, stakeholder engagement, people leadership, delivery of quality work products
Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Ability to negotiate and facilitate issue resolution
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Preferrably with a FINRA Series 7/24/99 but it is not required
Required to have higher level degree in Business, Accounting, or Finance (highest level related to B.Com, M.Com, MBA or CA)
Posting End Date:
8 Feb 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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To request a medical accommodation during the application or interview process, visit
Disability Inclusion at Wells Fargo
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.