Trade Operations - Sr. Investment Operations Analyst at The Hartford (Hartford, CT)

| Hartford, CT
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You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you've landed in the right place.

Trade Operations - Sr. Investment Operations Analyst

Hartford Investment Management Company (HIMCO) has been providing investment advice for over 35 years. With more than 130 investment professionals and over $100 billion in assets under management (AUM) across the fixed income, equity and alternatives markets, we deliver tailored strategies to insurance companies as well as retail and institutional clients. Our mission is the pursuit of investment excellence centered on each client's success, and we have developed a culture that fosters debate and collaboration in an effort to drive value and results.

This position is within HIMCO Business Operations, which is responsible for the comprehensive operational support of HIMCO's Investment Operating Platform including the underlying Investment (IBOR) and Accounting (ABOR) Book of Record. The Investment Operations Senior Analyst role may be in any of the functional teams in Business Operations responsible for processing and maintaining investment trade, cash, position, and security reference data that is widely used throughout the investment process from decision making to end state reporting.

WHAT ARE THE RESPONSIBILITIES OF THE POSITION?
  • Responsible for Trade Operations oversight of fixed income, equity, alternative assets and OTC derivatives.
  • Public Trade confirmation - Independent verification of key economic terms of executed fixed income and equity trades with various brokers to confirm accuracy. Confirmation is done mostly electronically via DTCC products CTM and ALERT and by email communication with brokers.
  • Identify and resolve trade settlement failures at custodian and work with traders, broker and/or custodian to resolve trade fails in a timely manner.
  • Responsible for ensuring Investment Book of Record (IBOR) and Accounting (ABOR) transactional data is entered in a timely and accurately manner. Reconcile and resolve breaks for financial reporting and investment management needs.
  • Prepare and instruct high value cash and asset transfers in accordance with internal guidelines and with strict protection of clients' confidential banking and investment data.
  • Reconcile Derivative positions between internal and external brokers to ensure systems accurate reflect positions/exposures.
  • Trade confirmation/settlement of OTC derivative products including currency rate swaps, swaptions, equity/commodity options and other non-vanilla derivatives. This includes review of paper confirms for accuracy of economic factors and confirming brokers trade recaps at time of trade.
  • Responsible for wire settlement, entering and/or managing transactions in internal systems for alternative assets which include Private Equity LPs, Private Equity Debt/Equity, Private Placements, CMLs, JV Equities, Real Estate LPs, Hedge Funds, Bank Loans and structured private deals.
  • Develop and maintain detailed procedures and evidence of process controls to cross-train peers, support requests from auditors, and fulfil mandated testing of controls in a highly regulated industry
  • Provide timely support to many internal HIMCO clients, including, Portfolio Managers, Investment Sectors, Financial Reporting, Performance Measurement, and Client Reporting Teams
  • Strive for continuous process improvement, in particular by working with custodial banks and software vendors to fully utilize system capabilities, implement new tools, and streamline processes
  • Participate in projects within Business Operations as needed, including regulatory or client initiated changes or the testing and implementation support of IT development releases

WHAT ARE WE LOOKING FOR?
  • BS/BA degree in Finance, Business, Economics, Mathematics or Computer Systems
  • 5+ years of Investment Operations or Investment Middle Office experience
Experience with Trade Confirmations
  • Must be highly organized and have a hunger to learn. CFA applicant a plus.
  • Fundamental understanding of investment products and securities operations, particularly Alternative Asset lifecycle support for Bank Loans, Private Equity Direct Debt and Direct Equity, Private Equity Indirect Funds, Private Real Estate, Limited Partnerships
  • Basic understanding of FinTech; hands on experience with OMS or Investment Accounting Systems
  • Highly proficient in MS Excel. Experience with relational databases, querying languages, VBA and report automation is a plus.
  • Strong customer service focus to provide excellent support to internal and external clients
  • Ability to thrive in a team environment and collaborate with colleagues

WHAT ELSE CAN YOU TELL ME?

Position allows entrance into the exciting world of investments at Hartford Investment Management Company.Daily functions will provide candidate access to skilled professionals including sector heads, portfolio managers, traders and research analysts that can help further their knowledge of the capital markets and investments in general.

As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$73,920 - $110,880

Benefits

Our company's success is due to our employees' dedication and passion for their work. They are our greatest asset. That's why we are committed to offering employees and their families a comprehensive benefits package and award-winning well-being programs. By helping our employees achieve their full potential, we unlock our own. Visit https://www.thehartford.com/careers/benefits for details.

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

Sr Invest Ops Analyst,US Core - VKH8T6
More Information on The Hartford
The Hartford operates in the Fintech industry. The company is located in Hartford, CT and Windsor, CT. The Hartford was founded in 2022. It has 19000 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 59 open jobs at The Hartford, click here.
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