Alternative Investments Operations Analyst

100 Raymond James & Associates, Inc.; Saint Petersburg (FL); Hybrid; USD 70,000 - 105,000; Full time

Job summary

Raymond James in Saint Petersburg, FL seeks a dedicated operations lead to own the lifecycle support for a set of alternative investment products, including onboarding, ongoing servicing and occasional termination.

You will guide Financial Advisors and senior leadership in resolving complex issues, develop deep product expertise, support due diligence on funds, and lead process improvements across multiple firm areas with IT collaboration.

Qualifications

• Bachelor’s Degree or equivalent with a minimum of 3 years’ experience.
• SIE required; Series 7 and Series 99 or CAIA or ability to obtain within one year.
• Willing to work in a hybrid environment with Raymond James.

Responsibilities

• Interact with Financial Advisors, senior leadership, and fund partners to troubleshoot service issues such as investments, payments, pricing and statements.
• Learn and apply basic data structures and database concepts to support process improvements and risk mitigation.
• Support due diligence efforts on funds on the Raymond James platform.
• Coordinate with multiple departments to holistically support the Alternative Investment platform.
• Handle client investments, suitability reviews, trade confirms, valuations, and payouts with accuracy.
• Assist in orienting and training new team members and drive efficiency initiatives.

Skills

Analytical thinking

Problem solving

Communication skills

Data concepts

Education

Bachelor’s Degree or equivalent (3+ years experience)

SIE certification or equivalent

CAIA or ability to obtain within 1 year

Tools

MS Office (Excel pivot tables)

Database concepts

Job description

Job Description Summary Job Description Job Summary Utilizes knowledge and skills gained through experience or training to lead and be solely responsible for the operational support for a specific set of alternative investment products throughout their entire life cycle including new product onboarding, ongoing investment servicing, and on occasion, termination of investment support.

Guides Financial Advisors, and senior leadership in the resolution of complex problems and issues. Will be required to develop deep operational subject matter expertise on a specific set of investments in order to appropriately support the products and the Financial Advisors who recommend them. May support operational due diligence efforts on funds on the Raymond James platform. Will employ knowledge to conceptualize, plan, and execute a variety of process improvement initiatives that often will involve several areas of the firm outside of Private Markets & Alternatives.

Essential Duties and Responsibilities

Interact with Raymond James Financial Advisors, senior leadership within Private Markets & Alternatives, and management at alternative investment fund partners to troubleshoot service issues including, but not limited to, new investments, commission payments, pricing, client statements, and redemptions.

Learn and employ basic technological concepts (e.g., data structures and database design) in order to work with Information Technology professionals in implementing process improvement and risk mitigation projects. May help run the operational infrastructure of Raymond James proprietary hedge fund and private equity funds. In addition, the individual may support operational due diligence efforts on funds on the Raymond James platform.

Engage Raymond James Financial Advisors, alternative investment Fund Sponsors, and many home office departments to holistically support all operational aspects of the Alternative Investment platform.

Required to submit client investments to fund sponsors, conduct client suitability reviews on purchases, generate client trade confirms, update positions and valuations on client statements, pay Financial Advisor commissions, process redemptions, and maintain account performance details.

Continually works with the Fund Sponsor to improve the Financial Advisor and client experience with respect to the investment. Evaluates opportunities to create efficiencies. Assists with more complex research and investigation. May prepare analyses of information. Assists in orienting and training new team members.

Performs other duties and responsibilities as assigned.

Knowledge of Due Diligence or Operations Area at a Hedge Fund, Private Equity Firm, Institutional Consultant, or Broker Dealer

Client disclosure concepts and client confirms. Complex SEC rules that define client accreditation standards. Key internal and/or external contacts to request assistance from or utilize expertise. FINRA and SEC rules. Basic database and technology concepts. All MS Office applications including an ability to work with more advanced Excel functions such as pivot tables and formulas. Increasing effectiveness and efficiency of business processes through technology. Basic office practices, procedures and methods. Skill in Organization and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines. Project Management. Communicating effectively both verbally and in writing with detail and precision. Critical thinking and problem solving with limited supervisory guidance. Operating standard office equipment and using required software applications to produce correspondence, electronic communication and maintain spreadsheets and databases. Ability to Build solid, effective working relationships with others. Collaborate with IT to design, test, and implement projects. Coach others in the development of their skills. Execute instructions and request clarification when necessary. Provide courteous, timely service when addressing customer questions and concerns. Speak clearly and concisely. Convey information clearly and effectively through both formal and informal documents. Constructively work under stress and pressure when faced with high workloads and deadlines. Plan, organize, and coordinate work assignments. Promote team cohesiveness, cooperation, and effectiveness. Pay close attention to detail. Perform all functions with limited supervisory support and with a high level of accuracy. Multi-task, work in teams, self-motivate/take initiative, innovate, work independently, adapt, accept and lead change, meet deadlines.

Education / Previous Experience

Bachelor’s Degree or equivalent with a minimum of 3 three years’ experience OR ~ An equivalent combination of education, experience and/or training.

Licenses / Certifications

SIE required provided that an exemption or grandfathering cannot be applied Series 7 and Series 99 or ability to obtain within one year CAIA

Preferred Education

Bachelor’s - Completed: Data Processing, Bachelor’s - Completed: Economics, Bachelor’s - Completed: Finance

Work Experience

General Experience - 3 to 6 years

Travel

Less than 25%

Workstyle

Hybrid

Compensation & Benefits

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

Core Values

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

Equal Employment Opportunity

The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Company Overview

Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, rather than on Wall Street, we have always embraced being a different kind of financial services firm. Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF.

Culture

Thanks for your interest in working with Raymond James. Our business is deeply focused on people and their financial well-being. We’re committed to helping individuals, corporations and institutions achieve their goals, while also supporting successful professionals and helping our communities prosper. We believe doing well and doing good aren’t mutually exclusive. As an established but ever-evolving company, you can start – or continue – growing your career here. We invest in you with wide-ranging benefits and the support of leaders and colleagues who care. From development opportunities and enriching networking groups to prioritizing diversity, inclusion and the power of different perspectives, Raymond James is where good people grow. Our people-first culture is outlined in our Culture Blueprint. Check it out to see why many choose to work at Raymond James – and why they stay.