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Wells Fargo · 21 hours ago

Triparty Repo Funding Team Lead

141278-NC-CIC Customer Information Ctr

Full-time

Hybrid

Senior Level

5+ years exp

Wells Fargo is a global financial services leader committed to driving innovation and empowering communities. The Triparty Repo Funding Team Lead will oversee daily triparty repo funding operations, manage a high-performing team, and drive strategic initiatives to enhance operational efficiency.

BankingFinancial ServicesFinTechInsurancePayments

No H1B

Responsibilities

Oversee daily triparty repo funding, settlements, and collateral substitutions across BNY Mellon

Manage intraday funding priorities, exception queues, and cutoffs to ensure zero fail culture and optimal use of collateral

Own operational risk controls: reconciliations, break management, post‑trade validation, cash/position substantiation, and settlement controls

Serve as the primary escalation point for complex breaks, collateral misallocations, eligibility issues, and agent platform discrepancies

Maintain and enhance SOPs, desktop procedures, and control testing; support RCSA/ICFR/SOX evidence and audit readiness

Help in leading, coaching, and developing a high‑performing team

Rebuild institutional knowledge via structured training, mentoring, and cross‑training programs; reduce key‑person risk

Drive triparty initiatives (e.g., automation, new products/clients, eligibility rule enhancements, GC vs. specials optimization)

Partner with Product/FO/Tech to define requirements, prioritize backlog, and execute UAT for platform upgrades and interfaces

Lead root‑cause analysis and continuous improvements

Contribute to the future‑state operating model, shift coverage, and resiliency planning

Act as key liaison with Front Office, Treasury, Collateral Optimization, Market Risk, Credit Risk, and Middle Office

Manage service with triparty agents (SLAs, issue logs, service reviews) and ensure alignment on eligibility, haircuts, and settlement windows

Communicate status, risks, and metrics to senior leadership; prepare governance materials and incident post‑mortems

Qualification

Triparty repo operationsFunding operations managementOperational risk frameworksProject managementPeople leadershipAnalytical skillsExcel proficiencyChange managementCollaboration with stakeholdersCommunication skillsProblem-solving skillsCross-functional collaboration

Required

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

Preferred

Deep knowledge of triparty repo operations, including agent platforms (e.g., BNY Mellon, JPMorgan, Euroclear) and collateral allocation mechanics

Experience managing funding, liquidity, or collateral operations within a large financial institution, ideally with exposure to front‑to‑back repo workflows

Strong people‑leadership skills, including coaching, workload management, and the ability to guide a high‑volume, high‑risk operations team

Expertise in operational risk and control frameworks, including break resolution, settlement controls, governance standards, and regulatory expectations

Ability to partner cross‑functionally with Front Office, Technology, Product, Risk, and Middle Office teams to drive initiatives and resolve escalations

Project management and change‑management experience, especially supporting system upgrades, UAT testing, automation efforts, or new triparty funding initiatives

Strong analytical, problem‑solving, and communication skills, with the ability to handle complex issues under time pressure and provide clear direction

Proficiency with Excel (pivot tables, lookups)

Familiarity with collateral/funding tools (e.g., tri‑party portals, OMS/EMS, settlement systems)