Operations Accountant
SCORE Silicon Valley
Manila, National Capital Region
6d ago

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 International Careers website.

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.


  • Reviews the reconciliation files, and evaluation of the breaks of Principal and Interest that do not match what was provided by Custodians, for Assets-Held-For Sale and Held to Maturity portfolios, against common reconciling item such as security data not available the prior day due to a late feed, prepayment variances of mortgage backed bonds, structured trades, etc.
  • Research is done using internal and external source systems.

  • Reviews the remaining breaks on a bond by bond basis for research and resolution after the common reconciling items have been resolved.
  • Producing ad hoc queries and reports to assist in business analysis and project execution
  • Participating in status meetings / calls, project planning and verbal and written updates
  • Market Skills and Certifications

    Essential Qualifications

  • 1-2+ years of experience in Accounting preferably related to Derivatives, Capital Markets, Trade Reconciliation and Validation and knowledgeable in US financial services and US Regulatory Reporting
  • Relevant years of reporting experience, analytics experience, or a combination of both
  • Experience with Simcorp Dimension, IntelliMatch and Bloomberg is a plus
  • Knowledgeable in following complex products : fixed income derivatives, equity derivatives, credit derivatives, municipal derivatives, syndications, etc.
  • Excellent problem solving, analytical and technical skills with ability to apply critical judgment and come up with effective decisions
  • Strong verbal and written communication skills and proficiency for detailed documentation with ability to validate work
  • High proficiency with Microsoft Excel and ability to maximize use of formulas and functions to streamline reporting needs
  • Ability to adapt to a fast paced environment and perform under pressure with a high motivation and able to meet stringent deadlines with strong sense of urgency and results and detail orientation
  • Ability to plan, prioritize and execute a body of work with minimal supervision
  • Exceptional research and exception handling skills
  • Flexibility to work in night shifts, or weekends / holidays if deemed necessary by the business
  • Possess an impeccable reputation for integrity, accuracy, consistency and business acumen
  • 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.

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