Investment Operations Analyst/Associate

Blackhornvc; New York (NY); On-site; USD 95,000 - 120,000; Full time

Job summary

A leading company is seeking an Investment Operations professional in New York. Responsibilities include managing portfolio accounting, trade management, and ensuring effective onboarding for new clients. Candidates should have relevant investment operations experience and a problem-solving mindset to optimize client services.

Benefits

Medical, dental & vision insurance

401k with 3.5% employer match

Unlimited paid time off

16-weeks of paid parental leave

$600 wellness & education stipend

Sponsored employee resource groups

Flexible remote work

Regular lunch & learns and volunteering opportunities

Qualifications

• 2+ years of relevant experience in investment operations.
• Solid understanding of reconciliations.
• Able to manage competing priorities while escalating critical issues.

Responsibilities

• Maintain accurate portfolio accounting data through reconciliations.
• Execute daily middle office functions including trading execution controls.
• Partner with teams to analyze trading and workflow; suggest improvements.

Skills

Analytical

Detail-oriented

Problem solving

Communication

Tools

Excel

SS&C Advent’s APX software

Job description

What you’ll do:

We are looking for an Investment Operations professional to contribute to the day-to-day portfolio accounting, trade management and project work of our Investment Operations team.

More specifically you will:

• Maintain accurate portfolio accounting data through daily position, transaction and cost basis reconciliations in coordination with our third party vendor tools and services.
• Execute on daily middle office functions including trading execution controls and reconciliations in partnership with current team members.
• Act as a key point of contact for custodial statements and performance reporting inquiries in partnership with investments, product, engineering and investment strategy.
• Support relationships with custodians, brokers, portfolio accounting and other service providers.
• Ensure new clients and accounts are accurately onboarded and configured in our systems for trading, proxy voting, billing, and platform reporting.
• Manage corporate action and electronic proxy voting on behalf of our clients.
• Manage client billing process, in coordination with accounting team, including generation, processing, and reconciliation.
• Partner with Portfolio Managers to analyze trading and workflow; suggest improvements to internal processes and services provided to clients.
• Partner with Product and Engineering Teams to define areas of development for operational processes and controls, including defining requirements and testing.
• Partner with our Client Team to understand Ethic client experience and how we can more effectively serve our Advisor clients.

Who you are:

• You prioritize building strong relationships, and enjoying the journey
• You’re kind, curious, and interested in other people’s perspectives
• You enjoy solving hard problems and learning from others along the way
• You’re inventive and excited about building something new
• You’re passionate about positively impacting the future of our planet and humanity

What you’ll bring to the table:

• You have 2+ years of relevant experience in investment operations with risk and control experience at a registered broker dealer or asset manager.
• You have a solid understanding of how reconciliations work, and have the ability to create a manual reconciliation as needed in Excel.
• Experience using SS&C Advent’s APX software is a plus.
• You’re an analytical and detail oriented problem solver, constantly learning and applying your knowledge to optimize processes, systems, controls and improve client experience.
• You thrive under pressure, are comfortable managing competing priorities and adopt a risk and control mindset in your approach.
• You are comfortable escalating critical issues as they arise and ensuring the appropriate parties are involved and are aware of the potential risks.
• You’re a great communicator, able to explain operational details to a variety of stakeholders from business development, to engineers, to advisor clients.

About Ethic:

Ethic is working toward a future where all investing is sustainable investing. We empower wealth advisors and investors to create portfolios that seek to align personal values with financial goals.

Our team is committed to fostering an environment that brings together many different voices, perspectives and lived experiences to accelerate the global transition to sustainable investing.

Compensation & Benefits:

Compensation at Ethic is a combination of base salary, equity (stock options) in the company, and benefits.

The base salary for this role will range from $95,000-120,000 per year, commensurate with experience.

Our benefits package includes:

• Medical, dental & vision insurance – premiums 100% covered by Ethic (includes dependents)
• 401k with sustainable investment options and a 3.5% employer match
• Unlimited paid time off
• 16-weeks of paid parental leave
• An annual $600 wellness & education stipend
• Sponsored employee resource groups
• Regular lunch & learns and volunteering opportunities
• A fully-stocked office in lower Manhattan + the flexibility to regularly work remotely

Location: New York, NY (in-office at least 3 days a week)

Submit an application:

If you are interested in applying for this role, please submit both a resume and a cover letter below.

Ethic values the diversity of our team and welcomes applications from all backgrounds and life experiences. In order to continuously grow a diverse team, we are taking a data-driven approach to understanding and iterating our hiring practices. Please complete the demographic survey below to support us in doing so.