Assistant Manager - Operations, Investment

AXA Global Business Services; Gurugram District; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

AXA XL Investments in Gurgaon, Haryana, India, seeks an Assistant Manager - Operations, Investment to support data integrity and reporting for a multi-billion portfolio. You will validate cash, positions and reference data, liaise with vendors and internal teams to resolve issues, and contribute to Solv II and regulatory reporting.

You will collaborate with Fixed Income, Risk, and Reporting teams to ensure accurate, timely data across systems, leveraging Power BI and Power Query for automation

Qualifications

• Bachelor/Master in finance or economics required.
• Experience in back-office operations in financial services.
• Working knowledge of asset management processes and data.
• Understand data management, data validation rules and exceptions.
• Excellent communication with internal teams and vendors.
• Proficient in MS Excel, Word, PowerPoint; Power BI experience.
• Knowledge of Bloomberg data feeds; Bloomberg exp is a plus.
• Knowledge of Power Query; familiarity with Aladdin or Simcorp is a plus.
• CFA/FRM Level-1 preferable but not mandatory.

Responsibilities

• Review reference data attributes across Fixed Income, Equity, and Private Markets with vendors to ensure accuracy.
• Analyze holdings reports and data points like classifications, ratings, and analytics.
• Understand market data feeds from providers such as Bloomberg.
• Log defects and coordinate resolutions with relevant teams.
• Support data requirements for internal/external reporting including BSCR and Solv II.
• Collaborate with Fixed Income, Risk, Reporting and external vendors.
• Execute Solv II reporting and monthly CRDB builds for AXA Group.
• Automate manual processes using Power Query and other tools.
• Handle data queries independently and assist in new control development.
• Perform system-to-system reconciliations to ensure data consistency.

Skills

Finance data management

Data validation

Excel

Power BI

Analytical thinking

Communication skills

Bloomberg

Power queries

Data reconciliation

Education

Bachelor's/Master's in finance/economics

CFA / FRM (Level -1) preferable

Tools

Bloomberg

Power BI

Simcorp

BlackRock Aladdin

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 Operations 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

• Bachelors/masters 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 PC and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we dont just provide re/insurance, we reinvent it.

HowBy 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

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. Thats 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.

Its 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 .AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XLs 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 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

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 XLs 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.