Administrator 2, SMA
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What you'll do
- Review and Perform Reconciliation across Custom Fixed Income & Custom Equity SMAs, including corporate bonds, municipals, treasuries, Equities, and structured products.
- Perform Client level reconciliation for Cash & Positions between Invesco Portfolio account systems and relevant various Custodian accounts.
- Collaborate with Traders, Portfolio Managers, Custodians & Vendors to resolve trade discrepancies.
- Proactively contribute ideas and participate in continuous improvement initiatives.
- Monitor and report the cash and position discrepancies in a timely manner to the trading desk.
- Research/Resolve of various corporate actions discrepancies like Partial, Conditional & Full Call, Pre-Refunding, Matured, etc.
- Cost basis recon knowledge on Equity product.
- Identify & resolve individual account discrepancies accurately and efficiently, to ensure systems are ready for trading.
- Working rigorously on Equity and Fixed Income cash breaks on a daily basis and resolve them to maximum extent.
- Reviewing and identifying items in the Middle Office Reconciliation Global mailbox
- Create Procedures & Ensure they are up to date on a monthly basis.
- Proactively identify potential operational risks, suggest mitigation strategy to manager and lead the implementation of the agreed upon mitigation strategy
What they're looking for
- 2 to 4 Years Investment Operations Industry Experience
- Excellent Knowledge of Global Investment Products is required.
- Strong understanding of SMA processes and the full trade lifecycle.
- Proven team player with excellent interpersonal skills.
- Open-minded, flexible, and willing to listen to other people’s opinions.
- Good Understanding of Quality and process improvement concepts.
- Excellent analytical and numerical skills.
- Strong oral and written communication skills.
- Proficiency in MS Excel, and other MS Office tools.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.
Job Description
- Review and Perform Reconciliation across Custom Fixed Income & Custom Equity SMAs, including corporate bonds, municipals, treasuries, Equities, and structured products.
- Perform Client level reconciliation for Cash & Positions between Invesco Portfolio account systems and relevant various Custodian accounts.
- Collaborate with Traders, Portfolio Managers, Custodians & Vendors to resolve trade discrepancies.
- Proactively contribute ideas and participate in continuous improvement initiatives.
- Monitor and report the cash and position discrepancies in a timely manner to the trading desk.
- Research/Resolve of various corporate actions discrepancies like Partial, Conditional & Full Call, Pre-Refunding, Matured, etc.
- Cost basis recon knowledge on Equity product.
- Identify & resolve individual account discrepancies accurately and efficiently, to ensure systems are ready for trading.
- Working rigorously on Equity and Fixed Income cash breaks on a daily basis and resolve them to maximum extent.
- Reviewing and identifying items in the Middle Office Reconciliation Global mailbox
- Create Procedures & Ensure they are up to date on a monthly basis.
- Proactively identify potential operational risks, suggest mitigation strategy to manager and lead the implementation of the agreed upon mitigation strategy
- Review and Ensure all the e-mails in the Global mailbox are routed properly and all the items are handled correctly and accurately.
- Responsible for helping/Guiding the team members to prioritize the work and to do the Job on their own.
- Ensure timely completion of critical end-of-day reports (e.g., trade allocations, files saving, email handling).
- Foster a communicative and collaborative team environment.
- Demonstrate visibility, being vocal & accountability in process management and team building.
- Must be willing to work full-time night shifts to support global operations - USA.
- Flexibility to provide support during overtime and off-hours as business needs arise.
- Participation in Business Continuity and Recovery testing, as required and scheduled by the Manager.
- Communicate with Traders, Client Service teams, Brokers, and Custodians to investigate and resolve reconciliation related queries through Calling them proactively.
- 2 to 4 Years Investment Operations Industry Experience§ Excellent Knowledge of Global Investment Products is required.
- Strong understanding of SMA processes and the full trade lifecycle.
- Proven team player with excellent interpersonal skills.
- Open-minded, flexible, and willing to listen to other people’s opinions.
- Good Understanding of Quality and process improvement concepts.
- Excellent analytical and numerical skills.
- Strong oral and written communication skills.
- Proficiency in MS Excel, and other MS Office tools.
Full Time / Part Time
Full timeWorker Type
EmployeeJob Exempt (Yes / No)
NoWorkplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
Why Invesco
In Invesco, we act with integrity and do meaningful work to create impact for our stakeholders. We believe our culture is stronger when we all feel we belong, and we respect each other’s identities, lives, health, and well-being. We come together to create better solutions for our clients, our business and each other by building on different voices and perspectives. We nurture and encourage each other to ensure our meaningful growth, both personally and professionally.
We believe in diverse, inclusive, and supportive workplace where everyone feels equally valued, and this starts at the top with our senior leaders having diversity and inclusion goals. Our global focus on diversity and inclusion has grown exponentially and we encourage connection and community through our many employee-led Business Resource Groups (BRGs).
What’s in it for you?
As an organization we support personal needs, diverse backgrounds and provide internal networks, as well as opportunities to get involved in the community and in the world.
Our benefit policy includes but not limited to:
- Competitive Compensation
- Flexible, Hybrid Work
- 30 days’ Annual Leave + Public Holidays
- Life Insurance
- Retirement Planning
- Group Personal Accident Insurance
- Medical Insurance for Employee and Family
- Annual Health Check-up
- 26 weeks Maternity Leave
- Paternal Leave
- Adoption Leave
- Near site Childcare Facility
- Employee Assistance Program
- Study Support
- Employee Stock Purchase Plan
- ESG Commitments and Goals
- Business Resource Groups
- Career Development Programs
- Mentoring Programs
- Invesco Cares
- Dress for your Day
In Invesco, we offer development opportunities that help you thrive as a lifelong learner in a constantly evolving business environment and ensure your constant growth. Our AI enabled learning platform delivers curated content based on your role and interest. We ensure our manager and leaders also have many opportunities to advance their skills and competencies that becomes pivotal in their continuous pursuit of performance excellence.
To know more about us
About Invesco: https://www.invesco.com/corporate/en/home.html
About our Culture: https://www.invesco.com/corporate/en/about-us/our-culture.html
About our D&I policy: https://www.invesco.com/corporate/en/our-commitments/diversity-and-inclusion.html
About our CR program: https://www.invesco.com/corporate/en/our-commitments/corporate-responsibility.html
Apply for the role @ Invesco Careers: https://careers.invesco.com/india/
Company
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