Pre-Trade Investment Services

Arrowstreet Capital; Boston (MA); On-site; USD 95,000 - 280,000; Full time

Job summary

Arrowstreet Capital in Boston, MA is seeking a Senior role within the Investment Services Group to provide high quality portfolio and client data within Arrowstreet’s quantitative investment process.

The successful candidate will oversee initiatives, design workflows, and manage a team delivering critical data and controls for investment and trading operations, while maintaining relationships with external providers and internal groups.

Qualifications

• Bachelor’s degree required; Accounting or Finance concentration preferred.
• Approximately 5 to 10 years’ professional experience; asset management industry experience preferred.
• Strong Excel and data analysis skills.
• Interest in learning or using Python.

Responsibilities

• Lead, mentor, and develop a team of professionals responsible for critical workflows supporting the daily investment process.
• Assess risks and identify enhancements to operating effectiveness.
• Oversee and manage initiatives from inception to implementation.
• Design and optimize new and improved business workflows; implement AI-driven solutions.
• Monitor performance of outsourced middle-office; manage relationships with brokers and custodians.
• Provide oversight of daily production processes and controls for data accuracy.

Skills

Data analysis

Leadership

Project management

Problem solving

Education

Bachelor’s degree in Finance/Accounting

Tools

Excel

Python

Job description

Investment Services Group OverviewThe Investment Services Group is part of our investment organization, reporting up to our Chief Investment Officer. This group is responsible for managing critical inputs to the firm’s investment process, managing the services provided by our outsourced middle-office, and supporting our portfolio management team, processes and investment initiatives. Individuals in this group develop a deep understanding of our investment process and trading lifecycle, form strong relationships across portfolio management, investment processes, client relationship management and many other functions in the firm.Role OverviewThis role in the Investment Services Group is responsible for providing high quality portfolio data and operational client data into Arrowstreet’s quantitative investment process. Further in this role, This individual will be responsible for leading, overseeing, and delivering initiatives related to enhancing our operational investment process, and providing more effective support for our trading and portfolio management people and processes. Further, this role will monitor the performance of our outsourced middle office provider, guide and manage the strategic direction of work performed by our outsourced middle office provider, and provide oversight of critical daily production processes and controls to ensure that data is accurate and appropriate for use in the investment and trading processes. Individuals in this role have or gain a broad understanding of the asset management industry and a firm grasp on equity, futures, FX, derivatives trading operations, corporate actions and accounting principles for investment portfolios.Key ResponsibilitiesYour role and responsibilities may cover the following:Manage people, processes, and risk effectively . Lead, mentor, and develop a team of professionals responsible for critical workflows supporting our daily investment process. Assess risks on a regular basis and identify and deliver enhancements to our operating effectiveness. Seek to continuously manage the dynamic and evolving risks associated with an investment process that has 90+ external party participants.New Initiative Implementation. Oversee and manage critical investment initiatives from inception through implementation. Identify business requirements for software projects and coordinate with internal and external stakeholders to proactively implement project work related to strategic investment and client initiatives (including for example, new instrument implementation, fund launches, implementation of new market access or operating protocols, etc.).Designing Critical Workflows . Lead the design and execution of new and improved business workflows, both within Investment Services as well as across teams as it relates to updates to the investment processes. Implement automated and AI-driven solutions to improve efficiency, scalability and quality of workflows.Relationship Management. Develop strong working relationships with internal groups including our client relationship management, investment processes group and portfolio management teams in order to support adding value for our clients and our investment process. Develop strong relationships with external parties such as our outsourced middle-office, brokers and custodians in order to monitor and manage the quality of our investment operations processes.Portfolio Holdings and Account Reconciliation Oversight. M anage the team of people responsible for evaluating the quality of our portfolio holdings data and improving our suite of automated independent expectations for these data. Own the analysis and resolution for complex portfolio accounting and reconciliation issues.Futures and Prime Broker Margin and Cash Management Oversight . Manage various complex investment workflows including time sensitive analysis of our futures exposures, related margin requirements and payments, and provide critical oversight on cash balances available for trading.The ideal candidate will be:A self-starter and problem solver with excellent people, process and project management skills; organizational, time and relationship management skills; verbal and written communication skills, as well as strong data mining and analysis skillsHigh degree of integrity and accountabilityVery detail oriented and inquisitiveIntellectually curious mindset with a passion for exploring new technologies, tools and ways of workingInterested in modernizing systems and processes through emerging technologies, including AI and automationAble to design and lead projects with minimal supervision while proactively providing updates, facilitating reviews of progress and delivering to deadlinesAble to work collaboratively with colleagues and thrive in a team-oriented work environmentAble to follow general procedures and implement improvementsFamiliarity with quantitative investment processes and related systems a plusAble to learn and maintain a working knowledge of relevant systemsExhibit a strong interest in continued development of technical skills and investment process knowledgeQualificationsBachelor’s degree required; Accounting or Finance concentration preferredApproximately 5 to 10 years’ professional experience; asset management industry experience preferredStrong Microsoft Excel and data analysis skillsExperience working in environments undergoing AI transformation, with a focus on continuous process improvementKeen interest in learning or using tools such as PythonThe base salary range for this position is $95,000 to $280,000 per year.Arrowstreet Capital operates a robust talent acquisition program, and we also seek to compensate and reward our employees competitively within our industry and in line with our merit-based culture. Our approach to total compensation includes base salaries and annual discretionary bonuses, as well as a robust benefits package. The determination of a successful candidate’s base salary placement within the listed range will vary based on the candidate’s relevant experience and qualifications (which may also include relevant certifications, credentials and other education), the job responsibilities and scope, the commensurate resulting level of the position and other relevant factors. The listed range is also an estimate, and additional information regarding base salary and other elements of total compensation offered by Arrowstreet Capital to successful applicants will be communicated during the recruitment process.Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, genetic information, age, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.