Position: Portfolio Operations Analyst
Department: Investment Operations
Report to: Head of Investment Operations
Company Summary:
Boston Partners is a global investment advisor with $103 billion in AUM and a longstanding reputation for superior client service. The organization is a premier provider of value equity investment products that are firmly rooted in fundamental research and are based on a disciplined investment philosophy and process. We focus on investing in companies with attractive value characteristics and strong business fundamentals where there is a catalyst for positive change. The firm was founded in 1995 and maintains offices in Boston, New York, California, and London. Boston Partners is an indirect, wholly owned subsidiary of ORIX Corporation of Japan.
Investment Operations Mission Statement:
Investment Operations generates operational alpha for Boston Partners and its clients through continuous process improvement. We accomplish this by constantly examining our processes and proactively engaging internal/external parties to develop innovative solutions that enhance investment performance, optimize workflows, and mitigate operational risk. Effective communication throughout the process enables the Investment Operations team to deliver impactful results and superior client service.
Position Summary:
The Boston Partners Portfolio Operations group is responsible for all trade life cycle events, client account life cycle events, reconciliation, and data integrity. This role will serve as a team lead and interface with various internal and external clients/partners including but not limited to Trading, Compliance, Investor Relations, IT, Boston Partners’ outsourced service providers as well as the Clients’ custodian banks and fund administrators.
Primary Responsibilities:
Trade Life Cycle Events:
- Responsible for ensuring file transmission of trade activity to Northern Trust and to complete nightly handshake reconciliation of trade files
- Act as liaison between Northern Trust IOO trade teams and Boston Partners Trading desk to resolve any cash and trade settlement issues
- Review mandatory and voluntary corporate action event list provided by the service provider. Solicit response from Portfolio Management for the voluntary corporate actions and ensure the elections are registered with the appropriate custodians
- Maintain key data elements of Charles River OMS to include commission tables, fees, and brokers
Client Life Cycle Events:
- Responsible for coordinating with the Client Service team when onboarding new accounts to include facilitating setup of BP systems, client custodian, ISDA, option counterparty
- Establish client global market, option, and FX accounts as needed
- Manage communication and reconciliation of client cash flows between Client Service, Trading Desk, Portfolio Management and Northern Trust
- Work with clients and Relationship Management to generate standard reports and ad hoc requests
Reconciliation and Data Integrity:
- Review reconciliation between Northern Trust and custodians; act as escalation point for Northern Trust with any issues and maintain aging report
- Maintain data integrity and security master requirements and interfaces between various internal systems
- Responsible for start of day process by ensuring trading platform is ready and data exceptions are resolved
- Continuous Process Improvement
- Identify, propose, and develop workflow enhancements centered on the following considerations:
- Impact on investment performance
- Effect on operational risk
- Influence of compliance and regulatory guidelines
- Ability to harness technological innovation
- Efficient vendor management
Qualifications:
- Bachelor’s degree is required; Master’s degree is desired but not required
- Minimum 3 years of investment operations experience
- Strong understanding of global equities such as OTC equity swaps, exchange traded options, and futures as well as derivative life cycle
- Detail oriented and possess strong work ethic
- Excellent verbal and written communication skills
- Familiarity with various fund structures (e.g., mutual, UCIT, institutional, commingled, limited partnerships) preferred
- Ability to work independently as well as in a team environment
- Ability to work flexible hours, as required
The above declarations are not intended to be an all-inclusive list of the duties and responsibilities of the job described, nor are they intended to be such a listing of the skills and abilities required to do the job. Rather, they are intended only to describe the general nature of the job. We are an equal opportunity employer and value diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
