What are the responsibilities and job description for the Business Support Specialist position at wellsfargo?
Title: Business Support Specialist
Location: Charlotte, NC
Duration: 12 months
Work Engagement: W2
Work Schedule: Hybrid 3 days in office/2 days remote
Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits
Summary:
Participate in planning and executing a variety of programs, services, and initiatives, and monitor key indicators to ensure effective performance and control management of assigned operations or business groups. Review basic initiatives including policy or process changes, process improvements, technology enhancements, and conduct regular reviews to identify efficiencies and cost savings opportunities. Receive direction from leaders and exercise independent judgement while developing an understanding of policies and procedures, best practices, and initiatives. Collaborate and consult with mid-level managers or cross-functional business partners. Provide work direction to less experienced Strategy and Execution staff.
Key Responsibilities:
• Compare trade position files from external counter-parties to resolve timely margin call disputes
• Perform trade decompositions to validate current mark-to-market exposures
• Review and present collateral margin calls and respond to the demands submitted by our counterparties
• Work with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepancies
• Produce and distribute ad-hoc reporting requirements to clients and internal partners
• Cross-train future staff members to assist and independently perform daily Derivative Collateral Management margin responsibilities
• Consistently seek opportunities to improve processes, controls and procedures within the Collateral Management team
• Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing
Key Requirements:
·Applicants must be authorized to work for ANY employer in the U.S. This position is not eligible for visa sponsorship.
Extensive knowledge and understanding of loan, securities, and derivative products
Intermediate Microsoft Office skills (Macros, V-Lookups, etc)
1 year of capital markets industry or similar experience
FINRA Series 7 license
Familiarity with tableau - (team will build reporting off data)
Knowledge of FX products, collateral, fixed income products, swaps experience, accounting, equity FX background, general ledger, client facing experience etc.C36
Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA),
MSFTA and GMRA documents
Strong analytical skills with high attention to detail and accuracy
Self-starter and aggressive work ethic with self-discipline follow up skills