Trade and Transaction Reporting Specialist

Overview

Wells Fargo is seeking a Trade and Transaction Reporting Specialist to support lifecycle processing for institutional trade flow and lead regulatory reporting and control activities.

What you'll do

• Assist in lifecycle support for institutional trade flow, including client account onboarding, cash payments, customer service, funding operations, custodial operations, securities settlement services, structured loan operations, and general ledger reconciliation
• Work to resolve confirmation and ISDA related issues
• Lead or participate in moderately complex initiatives and deliverables
• Contribute to large scale planning related to process, procedures and efficiencies with internal and industry related initiatives
• Identify and recommend opportunities for process improvement and risk control development
• Provide leadership to bring groups together to resolve multi-faceted complex issues
• Serve as a leader on projects along with internal and industry related initiatives
• Review and analyze complex functional and operational tasks that require in-depth evaluation
• Exercise independent judgment and resolution to guide the deliverable
• Resolve moderately complex issues
• Lead team to meet functional area projects and process deliverables
• Leverage solid understanding of functions, policies, procedures and compliance requirements
• Mentor and assist analysts
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Review FINRA Consolidated Audit Trail (CAT) and FINRA Trade Reporting and Compliance Engine (TRACE) 6760 and 6730 submissions and ensure the data submitted is accurate as per reporting rules
• Execute daily key controls related to Large Options Positions Reporting (LOPR), Large Trade Reporting (LTR) and Electronic Blue Sheets (EBS) regulations
• Review Securities lending transactions reported to FINRA and resubmit upon FINRA rejections
• Monitor performance of non-financial regulatory reporting through data analysis and reconcilements
• Work with Middle Office teams to understand and correct errors and late reporting
• Identify opportunities to improve productivity in the data management and reporting processes
• Collaborate with partners in Technology and Middle Office in identifying, assessing, escalating and resolving problems
• Test technology changes affecting systems instrumental in assigned areas of NFRR
• Review and understand relevant regulatory technical standards, rules, and regulations
• Create and maintain review and testing templates for multiple kinds of NFRR based on policy and regulatory requirements
• Conduct analysis as part of an intake process for new NFRR that come into scope for the team
• Present and maintain program information and reporting in Confluence and Jira
• Conduct outreach and collaboration with other NFRR Analysts and support partners in Compliance and Technology to maintain program information
• Assign, schedule, track, and report program control activities and projects
• Work with others to build and test new reporting and controls

What you'll need

• 4+ years of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice to have

• University degree including coursework in financial markets
• Experience of working with FINRA Gateway and Trade Reporting and Compliance Engine (TRACE)
• Experience of working with SFTR, EMIR, MiFID, APAC regulations
• Good knowledge of FINRA CAT, TRACE 6760 and 6730, LOPR, MSRB and EBS rules
• Experience in understanding Prospectus and Term sheet
• Experience in capital markets operations or compliance surveillance or control with derivatives, foreign exchange and securities
• Experience in developing automation solutions with Alteryx and/or Xceptor
• Experience in data management, import/export, analysis and manipulation using Excel, Tableau, PowerBI, or similar tools for analysis and graphs
• Motivated learner and researcher with solid writing and presentation skills
• Education or experience with EMEA/US securities and commodities regulations and compliance
• Training or experience in business intelligence tools, workflow tools, data schema, and or data vocabularies
• Administrator, or advanced user, experience with Atlassian Confluence and Jira