Assistant Manager - Operations, Investment

AXA Group; Gurugram District; On-site; INR 1,400,000 - 2,000,000; Full time

Job summary

AXA XL Investments in Gurgaon, Haryana, India, is seeking an Assistant Manager - Operations, Investment to maintain data integrity and support reporting for an expansive investment portfolio. The role involves reconciliations, data validation, and collaboration with multiple internal teams and external vendors to ensure accurate cash and position data.

You will actively engage in Solv II reporting, CRDB builds, and data automation using Power Query, while liaising across Fixed Income, Risk and

Qualifications

• Bachelor’s or master’s degree in finance or economics.
• Experience in back-office operations in financial services.
• Knowledge of data management and data validations.
• Proficient in MS Excel, Word and PowerPoint.
• Experience with data systems like Bloomberg is advantageous.

Responsibilities

• Review reference data attributes across fixed income, equities and private assets with data vendors.
• Analyze investment holdings reports and key data points like classifications and analytics.
• Understand and manage data feeds from market data providers.
• Identify defects and log them for resolution with relevant teams.
• Support new data requirements for internal and regulatory reporting including BSCR and Solv II.
• Collaborate with internal teams and external vendors to ensure data accuracy.
• Execute Solv II reporting and monthly CRDB data builds.
• Automate manual processes using Power Query and related controls.
• Handle data queries and contribute to new controls development.
• Perform system-to-system reconciliations to ensure data consistency.

Skills

Data validation

Excel proficiency

Power BI

Bloomberg knowledge

Analytical mindset

Education

Bachelor’s/Master’s in Finance

Tools

Power queries

BlackRock Aladdin

SimCorp

Job description

Assistant Manager - Operations, Investment

Gurgaon, Haryana, India

AXA XL Investments manages approx. Euro 38 billion investment portfolio. AXA XL Investment has three strategic locations for its operations. New York, Bermuda and India. Investment Operations is responsible for maintaining a high degree of data integrity, multiple system maintenance, and high-end reporting delivery along with other operational tasks for AXA XL Investment Management. Consumers of this data include Fixed Income, Investment reporting, Investment Compliance, and Risk management teams. The Data Integrity Team is a part of Global Investment Operation’s Group, It is a dedicated group of professionals who ensure that all AXA XL cash & positions data are accurate for critical processes including investment management, analytics, compliance, and regulatory reporting. Cash & Position types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and) and collateral. The roles and responsibilities will include actively executing data validation controls and related reconciliations by ensuring the Investment book of record is reconciled with the custodian, manager. The position will be responsible for carrying out other controls including some specific to cash, position reconciliations and exception management processes ensuring that AXA XL Portfolio data is in line with custodians, counterparties and other prime record holders every day. The team member will Laise with data vendors, other internal investment functions like Fixed Income, Risk and Strategy team, Investment Accounting and Treasury to resolve data related issues. Your primary upward interaction will be with a direct supervisor or team lead and other Investment Functions across various geographical locations. In this role, you need to analyze and solve moderately complex problems.

What you’ll be DOING

What will your essential responsibilities include?

• Review reference data attributes of Fixed Income Bonds (ABS, MBS, Corporate Bonds Term loans, Sovereign Bonds), Listed Equity, Private Credit and Private Equity and work with data vendors & accounting team to record accurate data points across systems.
• Analyze Investment holdings reports, review key data points like Security Classifications, Ratings, Analytics, book yields etc.
• Establish good understanding of data feeds from market data providers like Bloomberg etc.
• Identify defects in data and ensure they are logged appropriately and work with relevant teams to ensure resolution.
• Support and Laise for new data requirements for internal and external reporting, including various regulatory reporting like BSCR and Solv II.
• Collaborate across various internal teams like Fixed Income, Risk, Reporting and external vendors, Custodian, and other data providers.
• Execute Solv II reporting.
• Perform the monthly CRDB reporting build up process to AXA Group.
• Automate manual process and control leveraging power query.
• Handle data related queries Self supportedly and troubleshoot to provide desired solution and actively participate in new controls development.
• Perform system to system reconciliation across systems to ensure data consistency.
• Communicate effectively across the ladder when discussing the data issues and addressing the ad hoc queries received from other teams.
• Perform other duties as and when assigned by the manager and help manager achieve the desired goal for a period.

You will report to Delivery Leader, Data Integrity Group (India).

What you will BRING

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Bachelor’s/master’s degree in finance/economics.
• Relevant years of experience in back-office operations in financial services industry.
• Working knowledge of financial markets & asset management related processes and data.
• Good understanding of data management processes including like defining Data validations rules, Data exceptions monitoring and handling.
• Ability to understand and work with data, including creating alignment among various data sources.
• Excellent communication skills require interacting with internal colleagues and external vendors to resolve queries or complete a task in hand.
• Experience of MS Excel, Word and PowerPoint.
• Good knowledge about capital market and Investment instruments with the respect to global financial environment.
• Must have robust analytical skills with technical bent of mind.
• Excellent organizational and time management skills.
• Prior experience in working on systems like Bloomberg would be an advantage.
• Knowledge of Power BI, proficiency in Power queries.
• Knowledge of Blackrock Aladdin or Simcorp would be added advantage.
• CFA / FRM (Level -1) preferable (not mandatory).

Desired Skills and Abilities:

• Requires minimal supervision and being able to work self supportedly to complete the given task and proactively reach out to respective team to seek solutions when required.
• Must be detail conscious, technically motivated, creative, and user oriented.
• Ability to work with huge volume data.
• The collective player with the ability to engage with multiple teams in a large organization.
• Professional outlook towards work.

Who WE are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com

What we OFFER

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another - and our business - to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We’re committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.

For more information, please see axaxl.com/sustainability.