Vacancy expired!
Job Description:
Job DescriptionThe Investment Manager and Trust Securities Services Teams play a significant role within Global Wealth & Investment Management and U.S. Trust. Our dynamic department is responsible for the custody and settlement of assets, as well as the invoicing and collection of revenue and sub-accounting services such as recordkeeping. Our teams are relied heavily upon for participation in projects and initiatives that help promote responsible growth for the business and our Clients. We focus on minimizing risk and promoting a positive Client experience. Teams interface daily with Financial Advisors, Investment Managers and Internal and External Business partners to provide all manners of operational support for Merrill Lynch and U.S. Trust accounts.Opportunities exist for team members to develop leadership, project management and technological skills. We offer excellent career development opportunities to foster skills and talent.The Fund Administration Department's responsibilities include but are not limited to the following:- Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
- Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
- Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
- Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
- Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
- Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for U.S. Trust and Merrill Lynch Clients
- Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
- Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually
- Build and strengthen sustainable relationships with internal and external business partners
- Professional communication (written and verbal)
- Ability to research and resolve inquiries from internal and external business partners
- Support department initiatives
- Manage risk by identifying and escalating items appropriately
- Process improvement and technology enhancement coordination
- Update/Maintain accurate procedures
- Provide training and guidance to junior team members where necessary
- Ability to work independently while effectively managing and finding resolution to complex situations
- Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
- Detail oriented and able to research and resolve complex issues
- Collaborative mindset with an ability to build and maintain excellent working relationships
- Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
- Thorough knowledge of accounting and financial reporting
- Career oriented individual seeking to grow within the organization
- Intellectually curious with a mindset focused on deep understanding of business processes supported
- 1-2 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
- Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting
- Internet Service Provider at home (no public WiFi or Internet)(high speed internet access and a secure or password-protected internet connection)
- Sufficient room to set up a laptop, monitor, keyboard and mouse
- Comfortable space to work for a full shift
- Quiet, private and SECURE space in which to work
- Experience with Microsoft Applications
- Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
- Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
- Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
- Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
- Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
- Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for U.S. Trust and Merrill Lynch Clients
- Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
- Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually
- Build and strengthen sustainable relationships with internal and external business partners
- Professional communication (written and verbal)
- Ability to research and resolve inquiries from internal and external business partners
- Support department initiatives
- Manage risk by identifying and escalating items appropriately
- Process improvement and technology enhancement coordination
- Update/Maintain accurate procedures
- Provide training and guidance to junior team members where necessary
- Ability to work independently while effectively managing and finding resolution to complex situations
- Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
- Detail oriented and able to research and resolve complex issues
- Collaborative mindset with an ability to build and maintain excellent working relationships
- Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
- Thorough knowledge of accounting and financial reporting
- Career oriented individual seeking to grow within the organization
- Intellectually curious with a mindset focused on deep understanding of business processes supported
- 1-2 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
- Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting
- Internet Service Provider at home (no public WiFi or Internet)(high speed internet access and a secure or password-protected internet connection)
- Sufficient room to set up a laptop, monitor, keyboard and mouse
- Comfortable space to work for a full shift
- Quiet, private and SECURE space in which to work
- Experience with Microsoft Applications
- Provides relationship management for roughly 650 Domestic and Offshore Mutual Funds and Alternative Investment Fund Companies
- Hosts approximately 30 Fund Company Service Reviews and visits throughout the year in addition to the Annual Global Funds Conference
- Manages the relationships and sub-accounting services for over 30,497 securities representing domestic and offshore Mutual Fund, Alternative Investment and Money Market positions
- Perform Transfer Agency and Sub-Accounting services that generate over $1 billion dollars on an annual basis
- Resolves Cash and Position discrepancies in over 600 Settlement and Custody ledger accounts for Mutual Funds and Alternative Investments
- Mitigates risk by supporting the accuracy of cash settlement, custody oversight, and dividend distributions for Mutual Fund, Alternative Investment and Money Market positions for U.S. Trust and Merrill Lynch Clients
- Provides Supplemental Data Reporting Services to improve operational efficiency for 74 Fund Groups
- Ensures a positive Client experience by delivering Clearance, Settlement, and Custody Services for 11.4 million domestic and foreign trades, 1.5 million corporate actions and 12.3 million income payments annually
- Build and strengthen sustainable relationships with internal and external business partners
- Professional communication (written and verbal)
- Ability to research and resolve inquiries from internal and external business partners
- Support department initiatives
- Manage risk by identifying and escalating items appropriately
- Process improvement and technology enhancement coordination
- Update/Maintain accurate procedures
- Provide training and guidance to junior team members where necessary
- Ability to work independently while effectively managing and finding resolution to complex situations
- Ability to prioritize and handle multiple job related duties efficiently while exercising sound judgment to ensure all quality measurements, deadlines and business objectives are met
- Detail oriented and able to research and resolve complex issues
- Collaborative mindset with an ability to build and maintain excellent working relationships
- Ability to understand and explain workflow including systematic interfaces and the input/output flows of data processes
- Thorough knowledge of accounting and financial reporting
- Career oriented individual seeking to grow within the organization
- Intellectually curious with a mindset focused on deep understanding of business processes supported
- 1-2 years of experience relating to reconciliation, billing, project management, trading and/or managed products service support
- Knowledge of Various Product Types (Mutual Funds, Alternative Investments, Managed Products, etc.) within an operational setting
- Internet Service Provider at home (no public WiFi or Internet)(high speed internet access and a secure or password-protected internet connection)
- Sufficient room to set up a laptop, monitor, keyboard and mouse
- Comfortable space to work for a full shift
- Quiet, private and SECURE space in which to work
- Experience with Microsoft Applications
Vacancy expired!