About this role
Role Overview
- Responsible for researching new securities purchased in the institutional portfolios for the Association.
- Study securities on the Bloomberg terminal and works with USAA Traders, Strategists, Asset Managers, and Reporting Analysts and consults other market data sources to further research securities.
- Responsible for creating, defining, and maintaining securities records in the order management, accounting and data warehouse systems, as well as monitoring post-trade compliance triggers.
- Partners with external organizations such as investment custodians and software vendors to help facilitate the post-trade, pre-accounting operations of USAA's institutional portfolios.
- Identify and manage existing and emerging risks that stem from business activities and the job role.
- Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.
- Follow written risk and compliance policies, standards and procedures for business activities.
- Validates accuracy of corrections to reported security master data errors and ensures reviews are completed on all data error corrections across multiple reviewers and preparers.
- Responsible for diagnosis and investigation of complex system and data problems and determining root cause of errors, which may include integrated systems and data linkage.
- Partners with Portfolio Strategists, Traders, and Investment Accounting areas to ensure issues are resolved.
- Leads identification and corrections of complex trade data problems across different asset managers and formats.
- Notifies Compliance, traders and portfolio managers of any compliance violations as required by compliance/regulatory requirements.
- Facilitates discussions with Asset Managers or Custodian Banks to discuss operational matters, including vendor management, scorecard reviews, and engaging vendors for problem resolution.
- Identifies approach to closing gaps that may arise from control testing, audit and QA of requests and assists with Issue management.
- Peer Reviews corporate actions.
- Provides advanced user support and configuration assistance to other members of the cross-functional investment management group; may independently prepare and support user access reviews for middle office.
- Leverages expertise in investment management systems to perform investment operations or middle office functions and in-depth knowledge of applications to serve as SME in system enhancement efforts and projects.
- Leads Lines of Defense testing efforts by assigning test cases, gathering test evidence, providing guidance to subordinates on more complex issues, and facilitating review with consultants and stakeholders after testing is completed.
- Provides IT with business requirements and validate enhancements through testing.
- Identifies opportunities and potential solutions on functional processes that adhere to compliance and regulatory requirements.
- Responsible for more detailed and time-consuming efforts and initiatives.
- Ensures timely execution of trade reconciliations, regulatory reporting, collateral processing and SMF reviews.
- Responsible for projects from start to completion, including coordination of project work, resourcing, and testing across the team.
- Assigns and directs work of other analysts and represents Investment Operations in the absence of the Director.
Requirements
- Bachelor's degree; OR 4 years of related experience (in addition to the minimum years of experience required ) may be substituted in lieu of degree.
- 8 years of experience in investment operations or middle office functions within the financial services industry.
- Subject matter expertise and demonstrated application of Securities laws and regulations.
- Subject matter expertise with Investment Operations Middle Office functions.
- Advanced knowledge and application of Investments Control Frameworks, including experience with control testing and audits.
- Experience leading cross-functional projects.
- Advanced experience with Microsoft Office to include Excel, Word and Outlook.
Benefits
- comprehensive medical, dental and vision plans
- 401(k)
- pension
- life insurance
- parental benefits
- adoption assistance
- paid time off program with paid holidays plus 16 paid volunteer hours
- various wellness programs
- career path planning and continuing education