About this role:

The Transaction Reporting Team resides within CIB London Operations. Regional trading volume growth, expansion into new markets and the increasing rigor of regional regulations has led to the expansion opportunities for the team.

The transaction reporting function are responsible for the EMIR, MiFID II, SFTR and Bank of Italy transaction reporting and exception management processes in partnership with our Technology team, as well as providing support for regulatory change projects within the EMEA region.

The role will primarily be responsible for the accurate and timely submissions of our clients EMIR transaction reporting obligations. The role will include overseeing the onboarding of delegated reporting clients from a documentary and static data perspective, alongside ensuring our clients reporting is complete, accurate and timely. The role will also encompass the timely analysis of client enquiries and to provide high quality responses to ensure we are providing a high quality of service.

The role will also include support of change management projects and processes as a result of the ever-changing regulatory landscape.

This role is appropriate for an experienced regulatory reporting SME.
 

In this role, you will:

• Communicate effectively with clients to remediate EMIR reporting issues

• Monitoring and when needed perform the daily exceptions management process in a timely and accurate manner to meet Wells Fargo’s reporting obligations.

• Further enhance the control framework around transaction reporting processes

• Maintenance and enhancement of governance documents (eg. Process flows and procedures)

• Provide analytical support to regulatory change projects.

• Act as the link between business requirements and technology solutions.

• Co-ordinate testing support to regulatory change projects with local SMEs.

• Work with Traders and Salespeople to work through potential trade issues and violations.

• Work with Compliance and Legal team partners on rule interpretations for regulatory change.

• Delivery timely and accurate MI to Operations & Compliance management.

• Issue Management and write ups.

• Liaise with senior regional stakeholders through Senior Stakeholder meetings.

• Help drive and close out items on the TR BOW, own and steer issues until resolution.

Required Qualifications:

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

• The successful candidate will be self-motivated and have excellent experience in transaction reporting operations, covering MiFID and EMIR, and be able to demonstrate a working knowledge of both the regulations and reporting methodologies.

• Strong knowledge of EMIR transaction reporting operations.

• Ability to understand and translate regulatory rule changes and map to requirements.

• Working product knowledge in OTC Derivatives

• Experience of working with project stakeholders to deliver change. Proven track record of process improvements and project delivery.

• Strong communication and organizational skills – to work with local and remote Operations, Technology and Compliance stakeholders.

• Proficient with Microsoft office products.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Applicants with Disabilities

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.

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a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.