Position Summary
The Manager of Retail Separately Managed Account (SMA) Operations will manage and develop a team who will support the oversight of outsourced operational functions and resolving issues.
You will create and design comprehensive operational workflows to support the fixed income SMA business - which includes new account oversight, order placement, trades execution and allocation.
The role involves working closely with Trading Desks, Portfolio Management, Compliance, Client Service and other Operations groups to ensure timely and accurate informational flow.
This position can be based in our Chicago or New York City office.
Essential Job Functions
- Lead and implement onboarding sponsor platforms and an outsourced service provider with the firm’s trade execution platform, BlackRock Solutions Aladdin.
- Develop and manage a team to support the oversight of outsourced operational functions.
- Engage with internal partners to develop and expand the business.
- Drive the strategic vision within Operations to support the addition of new strategies and sponsors while implementing processes to efficiently, through scale, absorb increased volume.
- Document procedures and controls as well as Key Process Indicators tracking the performance of relevant parties and risk elements.
Preferred Qualifications
- Strong operational background within asset Management, particularly wealth management and retail separately managed account platforms.
- Thorough understanding of fixed income securities, including corporate bonds, MBS, Municipals, structured products, as well as retail mutual funds.
- Experience building and documenting procedures and controls around a functional operational workflow.
- Demonstrated ability to create, develop and lead an operational team and drive change effectively within an organization.
- Collaboration and communication skills to interact effectively both internally and externally across all levels.
Basic Qualifications
- Undergraduate degree
- 10 + years of overall Operations experience / Transition Operation / fixed income and / or middle office experience (account onboarding, order placement, trade execution and settlement, and
- 3+ years of people management experience
- Excel proficiency and use of the Microsoft Office suite
- Blackrock Aladdin software experience
Salary Details
Annual base salary between $112,500 and $125,000.
The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience.
The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.
Currently, this role is expected to be in the New York or Chicago office at least 4 days per week.