Position: Head of Investment Operations & Performance
Department: Investment Operations
Report to: Director of Investment Operations Strategy
Location: Boston
Company Summary:
Boston Partners is a global investment advisor with $100 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 (IO) 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 Investment Operations group is responsible for all trade life cycle events, client account life cycle events, reconciliation and data integrity. The Head of Investment Operations will supervise a team of Performance Analysts, Portfolio Operations Analysts, manage our relationship with Northern Trust - a key service provider of outsourced middle and back office functions – and liaise with clients.
Primary Responsibilities:
- Lead the Investment Operations and Performance groups in concert with IO mission statement objectives.
- Manage personnel and foster growth by partnering with individual analysts and coaching them on value-add projects
Northern Trust vendor management
- Day-to-day escalation point for material or aged items
- SLA annual review
- Quarterly Service reviews; coordinate Boston Partners scorecard
- Change control and change management
- Weekly operational calls and issue log review
- Sustain a solid control environment to mitigate operational risk associated with all tasks and document relevant procedures
- Set up the operational platform for new investment asset classes, products, and vehicles
- Effectively communicate with senior members of the operations department as well across departments within Boston Partners
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 or higher required, some managerial experience preferred
- More than 7 years of operations experience with global settlements, at least two years in a similar role
- Strong Understanding of global equities. OTC equity swaps, exchange traded options and futures as well as derivative life cycle process
- Familiarity with performance calculations and the driving factors which impact results. Knowledge of GIPS
- Detail oriented and possess excellent communication skills
- Familiarity with many fund structures (mutual, UCIT, institutional, commingled, limited partnerships) preferred
- 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.
