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Institutional Investment Operations Specialist - (P2)- FX (HYD)

Employer
WELLS FARGO BANK
Location
Hyderabad HYDERABAD, Telangana Telangana, Telangana, India
Salary
Competitive Salary
Closing date
Jun 24, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
  • Department Overview

    Corporate and Investment Banking (CIB) Securities Operations is a cross-functional group of teams that provide support for CIB-Markets and the broader Wells Fargo organization.

    The Middle Office operations team in India along with their onshore partners are primarily responsible for the daily support of Rates, Equity, Credit, Commodities, Money markets, Residential commercial backed securities, and Commercial mortgage backed securities, Government securities trading and sales desks.

    MDSOR -(Market data system of records)

    Central repository of market data (raw, derived, risk factors etc..) with built-in data quality check and remediation workflows. MDSOR is a key platform which will serve as golden source for risk factors which will drive key processes designed to support the CIB strategic risk mgmt. platform.

    The MDSOR ops team is primarily focused on managing data quality check and remediation workflows for risk factors used in market risk, credit risk and capital calculations. The MDSOR ops team will be executing on pre-determined data quality (DQ) and remediation rules with goal of identifying data quality issues and remediating them before publishing to golden source. The risk factors supported will be across asset classes in markets and phased in with FX/rates going live in 10/23 and other asset classes going live at a later date.

    About the Role

    Candidate will be expected to work closely with the Middle Office LoBs in US and broad Operations functions. Some of the key functions would be a) Daily monitoring and remediation of Data Quality issues, b) Review/remediate DQ issues on Market Data objects data remediation, c) Review remediate DQ issues on Risk Factors (PFE, EMR) d) Review/remediate DQ issues on instruments (taxonomy only)

    Candidate shall be having a good quantitative & statistical ability and should be having a data analytics background,

    Overview of roles and responsibilities
  • Daily monitoring and remediation of Data Quality issues
  • Missing market data checks
  • Staleness checks
  • Level reasonableness checks
  • Essential Qualifications
  • University degree/Post graduation in economics/ Maths/Business /Stats
  • Any specialization on risk, quants, FRM & Data analytics
  • 5 to 10 years of experience in the institutional Investment Banking Operations especially in data analytics, data integrity checks, market data objects
  • Any prior experience in Market data quality checks would be desirable
  • Working knowledge of Risk factors, market data objects, Good understanding of Middle office controls, daily risk & PnL
  • Willing to work in EMEA Shift. Shift timings from 13:30 IST - 22:30 IST
  • Ability to work in a fast paced environment and time constraints
  • Strong communication skills
  • Desired Qualifications
  • Experiences should include familiarity with Investment industry and practices in the Financial Services industry as well as operational delivery experience
  • Excellent in quantitative analysis,
  • Analytic thinker who likes to solve problems with strong attention to detail
  • Analyst should have strong numerical and analytical skills, strong articulation and out of box thinking.
  • Good problem solving, analytical and numerical skills
  • Outlier checks (RF only)
  • Review/remediate DQ issues on Market Data objects
  • Manual overrides or re-sourcing of data where missing
  • Data filling (copying forward data where needed)
  • Historical sourcing of data when needed
  • Ensure New products data requirements met when traded
  • Review remediate DQ issues on Risk Factors (PFE, EMR)
    • Daily Risk Factor Missing/Stale/Unreasonable/Outlier - T+1 Verification
      • Review/Approve/Escalate
    • Daily Risk Factor Missing/Stale/Unreasonable/Outlier - T+1 Rules-based remediation
      • FX Vol/IRVol/FXCurve/IRCurve/FXSpot data types
      • Review/Approve/Escalate
    • Weekly Risk Factor Overrides - Missing/Stale/Unreasonable/Outlier
      • VaR window release process
    • Daily Risk Factor Calibration Review - Generation and Data Quality
      • Review/Escalate
  • Review/remediate DQ issues on instruments (taxonomy only)
    • New instruments of interest
    • Instrument Taxonomy missing/change
    • Hazard Curve taxonomy - Change/Update/Historical Calibration
    • Risk Factor Taxonomy - Change/Update/Historical Calibration
    • MDO Taxonomy - Change/Update/Historical Calibration
  • Continuously test/review the UI and provide feedback for improvements
Posting End Date:
27 Jun 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.

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