About the business:
Private Fixed Income Operations is a department within the Investment Services and Operations Group at SLC Management that is responsible for the administration and reporting of all non-public investments and loans to corporations situated in various locations globally. The investment portfolio of approximately $41 billion includes private debt, bonds, debentures, limited partnerships, lease securitization and project financing.
About the role:
The Associate Director role is on a team responsible for the administration and support of the Private Fixed Income Portfolio. Specifically the team is responsible for the funding, income collection, account reconciliation, cash management, system processing, safekeeping, management and client reporting of the Global Private Fixed Income portfolio.
The successful applicant will work primarily with the Operations ‘Loans’ team and support assets that are serviced for our U.S. Portfolios that reside on the system’s Aladdin and PAM. The individual will analyze and determine appropriate system inputs for accurate asset maintenance and client reporting. They will process transactions and wire funds in currencies of USD’s and other International currencies i.e. EUR, AUD and GBP and will deal directly with custodians and external brokers for assets held and settled through a custodian.
The successful applicant will also administer our UK Private Placement portfolio and will aid our office in the UK to resolve payment issues by working with their custodian and with the various borrowers and paying agents.
The role will require the candidate to interact on a daily basis with the following groups: PFI Front Office, Portfolio Management, Cash Management, Derivatives, Custodian, Banks and Borrowers/Paying Agents.
The successful candidate will also participate in business system upgrades, projects and other new initiatives as required and actively contribute in process improvement initiatives through the Brighter Way framework.
Key Job Functions:
- Collaborate with Investment Front Office Team to process loan funding including the set up and settlement of transactions in the business system and the disbursement of funds to external parties.
- Process income payments and settle cash in both Aladdin and PAM.
- Reconcile cash activity, and make any adjustments prior to 10 each day to meet trading requirements.
- Investigate and resolve variances found through daily reconciliations.
- Resolve issues pertaining to cash movement, wire disbursements and swap mismatches.
- Assist with the processing or review of all operational processes including but not limited to cash forecasting, trade processing & settlement, fail trade monitoring, reconciliations and corporate actions,
- Assist with general operational tasks as required, such as:
- Prepare or assist in daily cash projections
- Prepare cash transfer requests
- Partner closely with team members and various internal areas to execute the deliverables outlined above.
Qualifications:
- Well-developed ability to flowchart and document procedures and identify and mitigate control gaps
- Deadline oriented, self-motivated and capable of handling conflicting priorities
- Systems oriented with a proven ability to enhance processes through systems improvements
- Proficient with reporting systems and tools – Outlook, MS Office products, BOXI or other reporting writing applications.
- Excel proficiency - ability to create, manipulate and interpret data/spreadsheets; comfortable working with formulas, vlookups, pivot tables
- Strong operational, administrative, and system expertise
- Proven ability to multitask in a fast-paced changing environment a must.
- Communication Skills – contributes effectively to business discussions, presents technical information effectively to technical and non-technical audiences, and produces full and clear business reports. Interaction with Investment Financial Management, Canadian Banking, Derivatives, Portfolio and Risk Management.
- Business acumen and decision-making - Makes sound decisions and takes effective and timely action that fully reflects the business purpose implications and context of the work produced and/or managed. Makes and promotes sound decisions concerning matters with significant strategic or financial implications.
- Leadership Skills – Ability to meet the demands of a diverse constituent base and partners with other areas to resolve issues in an efficient and effective manner.
- Strong analytical and data management skills
- Aptitude for problem solving – able to assess situations through analysis and observation and develop supportable solutions
- Effective attention to detail and a high degree of accuracy
- Client obsessed, act with speed and have an owner's mindset
- Ability to work well with others with a strong collaborative approach to build and maintain both internal and external relationships
- Interact with internal and external auditors as well as internal controls to ensure compliance with regulatory requirements and sox processes.
Note:
- Certain days during the month/year may not be eligible for vacation days, specifically around month-end, quarter-end and yearend.
- Perform operations functions during US & CAD holidays
Assets:
- Experience using PAM for securities/Aladdin/Enterprise/Precision LM/MarkIT EDM a strong plus
- Professional accounting/finance designation(CPA/CFA)
- 4-6 years industry or Financial Services experience
- Background in audit (internal or external), SOX testing
- Strong understanding of risk management principles and regulatory compliance