Business Execution Administrator

Business Execution Administrator

Wells Fargo is seeking a Business Execution Administrator in the Unclaimed Property Operation Company Escheat department as part of Banking Operations group. The Wells Fargo Unclaimed Property Company Escheat team handles Unclaimed Property reporting and remitting for the entire Wells Fargo enterprise. This includes receiving, processing, aging and escheating various account and property types from various holders under the Wells Fargo enterprise. In this role, the business execution administrator will support all escheatment processes and functions, beginning to end. The successful candidate will need to be able to successfully manage various highly complex and manual processes that often occur concurrently and with short turn-around times. There will be periods of required overtime, additional in-office expectations, and time when paid time off (PTO) is restricted. The candidate will need to ensure they remain in compliance with internal policies, and jurisdictional regulatory requirements. Additionally, team members in this role will assist in processes designed to assist other lines of business to submit property data and funds to the Unclaimed Property group. They will process reclaims and or reactivations for customers or lines of business, pull and prepare reports to assist in sending due diligence notification to customers and report and remit property and funds to the appropriate jurisdictions. As a member of the Company Escheatment team, the Business Execution Administrator will perform various quality control activities throughout the entire process. They will need to navigate various tools and applications to conduct research, resolve and respond to line of business, state or customer inquiries and complaints, while adhering to standard processes and procedures. Additional functions may include participating in special projects, business initiatives, and assisting with other functions associated with managing escheatment activities for the company.

In this role, you will :

• Play a key role in the day-to-day escheat operations for various property types from across the Wells Fargo enterprise.
• Perform moderate to highly complex operational tasks related to the end-to-end escheatment process, including receiving, processing, and escheatment of unclaimed property.
• Develop an understanding of, and remain in compliance with, all US State and jurisdictional regulatory requirements related to the escheatment.
• Exercise risk management to identify and escalate potential issues and gaps in business processes.
• Support change and assist with the implementation of initiatives related to escheatment operations, as well as other programs, projects, or processes directly or indirectly related to the business.
• Manage communications with internal lines of business as well as state administrators as it relates to escheatment or other projects, services, and initiatives.

Required Qualifications :

Desired Qualifications :

Job Expectations :

This is a hybrid in-office position, you will alternate one week in-office and one week work-from-home : (note : additional in office days, restricted PTO, or mandatory overtime will be required based on business needs.)

Location : 800 S Jordan Creek Pkwy WEST DES MOINES, IA 50266 USA

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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 commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Wells Fargo Recruitment and Hiring Requirements :

Req Number : R-507713