Fund Accountant
Wells Fargo
Manila, National Capital Region
3d ago

Job Description

About Wells Fargo Philippines

Wells Fargo Philippines enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Operations, Risk and Compliance, Project Management, Finance & Accounting and Data Analytics.

We operate in Taguig City, Metro Manila.

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 Fund Accountant internally known as Financial Reporting Analysis Analyst 2 is responsible for reviewing output from reconciliations created from security transactions processed in Wells Fargo Securities.

Team member will contribute with analysis, exception management and research within the Capital Markets Accounting and Operations Center of Excellence.


  • Team member will assist to manage risk created by exceptions from prior day’s security processing transactions
  • Responsibilities will include facilitating timely solutions, exception reporting and assigning breaks to responsible supporting areas
  • The individual will assist in researching and reporting to both validate and assist with creating solutions to exceptions using back office, custody reports, and bank, suspense and firm balancing reconciliations.
  • Systems include Broadridge platforms (Impact and BPS) and custodians Bank of New York, DTC, JPMorgan / Chase and Clearstream

  • This individual must be able to face off with other departments and team members across various disciplines to drive action with working knowledge of settlements, stock record, general ledger, position management as well as P&I and P&L calculations
  • Market Skills and Certifications

    Essential Qualifications

  • Candidate must be graduate of a four year college degree in Business, Accounting or Finance preferably a CPA
  • 2+ years of operations and accounting or reconciliation experience in a back office environment related to securities processing for Wall Street style investment banking activities
  • Product knowledge should include : Fixed income, Equity, Security Lending Repo and Reverse Repo
  • Experience in the Securities Industry with emphases on General ledger and stock record, settlements and all aspects of trade processing to support review of reconciliations for suspense, cash and stock record.
  • Strong analytical background and verbal and written communication skills with the ability to speak to settlement support teams to coordinate corrective action on breaks
  • System knowledge of Broadridge (BPS and Impact), BONY, DTC, and JPMorgan Chase and Clearstream as wells as Microsoft Office, intellimach and IRIS (Oracle Web Eagle) would be a plus
  • Candidate must be willing to work night shift - 8PM - 5AM MNL time
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