Invesco - Assistant Manager - Derivative Reconciliations - Investment Operations

Invesco is a leading global asset management firm with more than $950B in assets under management. We provide our retail and institutional clients a diverse and comprehensive range of investment capabilities to help people get more out of life. Invesco is publicly traded on the New York Stock Exchange (IVZ) and has about 8,000 employees in over 20 countries.

JOB PURPOSE (JOB SUMMARY):

- Ensure all the reconciliation activities are completed on a daily basis.

- Independently handle project activities involving global stake holders and ensure completion of the same in a timely and accurate manner

- Should focus on the development needs of team members and address the same while maintaining high motivation levels.

- Manage and coordinate with various internal stakeholders to ensure adherence to processes and prepare status reports.

- Establish the sound relationship with external stakeholders like the custodian, fund accountants, counterparties, brokers and vendors for effective resolution.

- Manage the workload of team members and ensure timely completion of projects. Interact with internal and external stakeholders and understand requirements, provide metrics to senior management.

- Ensure that all the manual processes are automated and eliminate redundancy.

KEY RESPONSIBILITIES / DUTIES:

- Responsible for managing daily reconciliations and activities supporting the business. Undertake reconciliation activities for all custodial and noncustodial securities, product classes and accounts

- Manages and directs overall team activities and monitors progress.

- Responsible for implementation of internal controls, operational policies, processes, and services.

- Recommends and implements enhancements to improve effectiveness and efficiency of services and systems. Manages resources and operating expenses.

- Interact with internal and external stakeholder's co-ordinate reconciliation related activities. Coordinates with global sourced teams. Facilitates business partner relationships.

- Collate, analyze data, identify anomalies and ensure relevant rectifications.

- Take initiative on a resolution of issues/dependencies with stakeholders and follow through to logical closure.

- Develop an understanding of related processes and inter-dependability between teams, have a broad understanding of different teams.

- Interact with clients as and when required and submit necessary statements. Work in tandem with the support teams to achieve stated deliverables per SLA's and KPI- s

- Envision scope for the more effective performance of prescribed responsibilities through enhancements, technical or otherwise.

- Build and Develop the team goals aligning to Global department goals

- Interface and communicate effectively with business partners.

- Knowledge of global financial products and capital markets securities

- Assist the management in preparing MIS reports

- Ensure goal setting, development reviews and performance appraisal for the team assigned and provide them feedback on regular basis

LICENSE/REGISTRATION/CERTIFICATION: (minimum requirement to perform job duties)

- MBA in Finance or related field from an accredited university and/or equivalent work experience

- Degree n Finance or accounting preferred

- 8-10 years of financial, accounting or operations experience

- Prior experience of managing people and people leaders

WORK EXPERIENCE / KNOWLEDGE:

- 8-10 years of knowledge and experience of handling team in Investment operations

- Must have strong organizational skills and the ability to work in a highly fluid environment

- Excellent people management skills, conflict resolution skills. Understand development needs of sub-ordinates and address the same while maintaining high motivation levels.

- Should have excellent knowledge on the global financial products and capital markets securities

- Must have a strong understanding of the end-to-end investment services processes such as trade entry, trade process, settlement, valuation, corporate action processing and fund account

- Must have a strong understanding on the impact of different characteristics of a security has on downstream data consumers and business functions (e.g. Compliance, Risk, Performance

- Solid verbal and written communication skills

- Ability to manage multiple competing priorities under tight deadlines

- Capability to lead projects, as well be able to work in a team environment

- Must be quick to adapt to new process requirements and development tools

- Solid analytical and problem solving ability

- Desire to assume increasing levels of leadership responsibility

- Should have performed annual appraisal for his team and provide them feedback on regular basis

- Strong MS Office skills - in particular MS Excel, MS Word

SKILLS & OTHER PERSONAL ATTRIBUTES REQUIRED:

- Ability to work independently and in a global team environment

- Ability to meet deadlines and expected levels of service quality

- Ability to work on multiple tasks simultaneously and delivering all of them on time by meeting desired service expectations

- Strong exposure working in dynamic global environment. Must show the ability to make quick decisions, establish priorities and concentrate on detailed information under pressure on a daily basis.

- Excellent research and analytical as well as problem solving skills

- Desire to learn new and complex financial instruments and processes.

- Willingness to participate in the development and enhancement processes and productivity.

- Must be adept in all Microsoft Office programs, with a special emphasis in Excel.

- Must establish and maintain relationships with internal teams.

WORKING CONDITIONS:

- Normal office environment with little exposure to noise, dust and temperatures

- The ability to lift, carry or otherwise move objects of up to 30 pounds is also necessary

- Normally works a regular schedule of hours, however hours may vary depending upon the project or assignment

- Hours include alternate shift work, evenings and/or weekends and may include 24 hour a day on call support by pager and/or cell phone

COMPETENCY REQUIREMENTS - INVESCO CORE:

- Achieves excellence through strong execution

- Demonstrates collaboration and teamwork

- Communicates effectively and respectfully

- Promotes innovation and continuous improvement

- Thinks ahead and makes fact-based decisions

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.