VP of Operations - 132913

VP of Operations - 132913

VP of Operations

Summary:

This Department is responsible for Data Aggregation, Account Reconciliation, Database Administration, Pricing and Security Set-Ups, and Performance Analytics. The VP of Operations will lead all four of these areas and be a valued mentor for a staff of approximately 25 employees. The individual will be able to articulate a business need for change and strike a balance between short-term tactical enhancements and developing long-term strategic goals.

Responsibilities:

• Manage the processing related to all security types, and related items, including: corporate actions, income, dividends, principal and income payments, reorgs, wire transfers, specialty investments and other related securities activities
• Understand performance reports and the methodology used in calculating returns (TWR and IRR)
• Check for accuracy of the performance report details and respond to questions/ inquiries from internal/external clients
• Oversee all cash and security reconciliations, ensuring they are efficiently and accurately recorded
• Assist staff in resolving open inquiries to which they have not received a response or are unable to complete
• Anticipate and provide solutions to the most complex business issues/ problems
• Responsible for the development of direct-reports and monitoring of staff development throughout department
• Attend meetings for both potential and existing clients
• Ensure that thorough business analysis is performed and accurate/ detailed business requirements are developed with the support of the appropriate Operations resources
• Develop strong relationships with R&D colleagues to design, develop and implement technology platforms to deliver solutions to these business requirements
• Manage processes, procedures and assess risk to ensure the system of financial controls is adequate to prevent material reporting errors
• Help initiate change-management to adapt solutions/ resources to a rapidly evolving business
• Assist staff in daily work during high volume days/ staff vacations
• Support audits of all operational activities driven by the following: compliance, external auditors, regulatory agencies and state and federal agencies
• Complete senior-level projects and initiative for President as assigned

Requirements:

• BA/BS in Finance, Economics or Accounting (preferred)
• Minimum of 10-15 years of financial industry experience(emphasis on back-office operations / securities processing)
• Strong knowledge with the following: equity, fixed income, derivatives, global securities, and corporate actions
• Experience with multiple custodians (10 or more)
• Experience with partnership accounting and tax is a plus
• Proven ability to lead, mentor, train, manage and motivate staff
• Operational process and workflow expertise
• Possess strong technical, project management skills and strategic thinking skills with the will to help create a vision for the future of operational processing
• Ability to continually drive change within the operations department
• Proactive approach, with the willingness to “roll up sleeves”
• Display strong communication skills (written/ verbal) across all departments/ levels
• Ability to work well within a team environment