Posted 26 days ago

JOB PURPOSE (JOB SUMMARY):

Under general supervision and within established policies & procedures, provides operational support including all aspects of Portfolio Administration, Reconciliation and Trade Support services, as well as making recommendations to improve policies and procedures.

KEY RESPONSIBILITIES / DUTIES:
  • Perform Client level reconciliation for Cash & Positions between Invesco Portfolio accounts and relevant sponsor accounts
  • Restrict the accounts from trading due to account discrepancies and pending reconciliation in the Invesco portfolio accounting system
  • Perform account maintenance functions including: New account setup, Terminations, Conversions, contributions/withdrawals, tax harvests
  • Placing security and industry level restrictions in the portfolio accounting system.
  • Adding financial advisor information to the portfolio accounting system to reconcile with Sponsor data
  • Monitoring sponsor websites and applications for various client requests
  • Reconciling cash, positions and market value on portfolio accounting system to the custodian’s record on manually reconciled accounts.
  • Downloading Sponsor reports & Updating and Comparing Unified Managed Accounts (UMA) Models depending on the Sponsor
  • Proactively contribute ideas and participate in continuous improvement initiatives
  • Monitor and report the cash and position discrepancies in a timely manner to the trading desk.
  • Research of various corporate actions discrepancies like stock split, reverse split, spin off, bonus etc.
  • Identify & resolve individual account discrepancies accurately and efficiently, to ensure systems are ready for trading
  • Reviewing and identifying items in the Operations Global mailbox
  • Ensure the process procedures are up to date
  • Proactively identify potential operational risks, suggest mitigation strategy to manager and lead the implementation of the agreed upon mitigation strategy

Disclaimer: The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. Incumbents may be required to perform other duties as deemed appropriate by the supervisor from time to time.

WILLINGNESS TO WORK IN NIGHT SHIFTS:

  • Overtime, off hours support
  • Participate in Business Recovery testing on an as-needed basis as defined by manager
WORK EXPERIENCE / KNOWLEDGE:
  • 1 to 3 Years Investment Operations Industry Experience
  • Sound Knowledge of Investment products globally is required

SKILLS / OTHER PERSONAL ATTRIBUTES REQUIRED:

  • Team player
  • Good communication skills
  • Open minded, flexible, and willing to listen for other people’s opinions.
  • Good understanding of separately led account process.
  • Good Understanding of Quality and process improvement concepts

FORMAL EDUCATION:

  • MBA or any other Professional qualification with Finance as Major Specialization.
LICENSE/REGISTRATION/CERTIFICATION: None
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Portfolio Administrator II