New York, New York

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. 

About this role:

Wells Fargo is seeking a Senior Lead Institutional Investment Operations Specialist within our Tax Operations team. Our Tax Operations team is apart of CIB Shared Services Operations (Shared Services) which is a cross-functional group of teams which support the Corporate Investment Bank (CIB). The seven primary teams within Shared Services are:  


• Agreement Management
• Approval to Transact
• Client Onboarding and Data
• Client  Services
• Data Integrity and Strategy 
• Product Data & Configuration
• Tax Operations.

Tax Operations leads global CIB first-line customer tax activities. Main responsibilities of the team include:

  • Operational support of Markets business (including Prime Brokerage, FCM,  FX, Swap Dealer, and Broker Dealers in US and EMEA) across  documentation, withholding, 1099 and 1042-S reporting, cost basis, and financial transaction tax
  • Support, governance, and oversight of customer tax touchpoints across CIB Businesses (Markets, Banking, and Corporate Real Estate) to ensure and maintain compliant, efficient, and well controlled framework with excellent client service and risk management  
  • Stewardship of  internal and external touchpoints with payments,  corporate actions, collateral,  claims,  onboarding, reference data, new products, and vendor solutions
  • Implementation and oversight of new and complex IRS regulations (such as 1446(f), 871(m), and 305(c), policies, strategies, technology solutions and automation,  procedures, and vendors


In this role, you will:

  • Lead all activities across tax withholding and reporting functions, including approval of processes completed by other team members
  • Partner with vendors, Broker Dealer Operations, Middle Offices, and other stakeholders to ensure accurate reporting, withholding, and re-imbursements
  • Leverage business intelligence capabilities to identify and rectify exceptions detected throughout the year
  • Lead several strategic initiatives across technology, process, control, operational excellence
  • Work closely with Corporate Tax and Compliance to analyze complex matters and implement solutions
  • Support year-end reporting readiness, including trial runs, quality assurance, and finalization of reporting.
  • Advise leadership to develop or influence complex objectives, processes, industry related regulations, and long-term goals for highly complex business needs across organization
  • Strategically engage with all levels of professionals and managers companywide
  • Provide vision, direction and expertise to leadership


Required Qualifications, US:

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


Desired Qualifications:

  • Experience with IRS Forms W-9 and W-8 including; exemption codes, treaty rates and intermediary withholding statements
  • 4 years of experience in Tax Operations with a basic understanding of Chapter 3 (NRA), Chapter 4 (FATCA), and Chapter 61 (TEFRA) withholding and reporting requirements
  • Cost Basis and/or Foreign Transaction Tax experience including reconciliation and research and resolution of exceptions
  • Understanding of asset servicing events including across equities and fixed income securities
  • Familiarity with options and swaps
  • Working knowledge of one or more of the following Tax solutions: Broadridge Tax Managed Service, Sovos, Silver Cost Basis, Scivantage Maxit, IHS Markit IPS/CTI
  • Ability to interpret technical requirement documents and system flows to translate into reporting requirements
  • Strong analytical skills with high attention to detail and accuracy
  • Experience developing partnerships and collaborating with other business and functional areas
  • Strong organizational, multi-tasking, and prioritizing skills
  • Experience delivering results in a fast-paced, deadline driven environment
  • Highly refined and professional verbal and written communications
  • Track record of leading strategic complex deliverables

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.

Pay Range

$96,600.00 - $171,800.00 Annual

Benefits

  • Information about Wells Fargo's employee benefits

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

New York, New York

At Wells Fargo, we’ve been proudly supporting military veterans and their families for more than 170 years.

We value the leadership, discipline, and skills you’ve gained through your service to our country and recognize the contributions our veteran team members bring to the table. We’re committed to hiring and retaining military veterans, veterans with disabilities, National Guard, Reservists, and Military Spouses.

As a Wells Fargo employee, you’ll find a work culture that is team-oriented, collaborative, structured, and challenging. We support veterans transitioning from military service with a variety of job options, confidential resources, educational information, and career guidance. You may choose to join our Veteran’s Connection Employee Resource Group, a group of thousands who share an interest in veterans’ matters, and that promotes greater awareness and job development within the veteran community. To learn more about opportunities at our company, please visit wellsfargojobs.com/military. Let’s talk about turning your military experience into a great civilian career.