The Role
The Investment Systems & Operations Lead coordinates activities between client services, operations, and back-office providers, managing workflows, data integrity, reporting, reconciliations, and trade processes while leading a team to enhance efficiency and effectiveness.
Summary Generated by Built In
Company Overview:
Chevy Chase Trust is a privately owned investment think tank offering independent and highly personalized financial advice and planning for individuals, families, and institutions. Located just outside of Washington D.C., the firm specializes in unique thematic investment research and asset management. Chevy Chase Trust offers clients direct access to decision-makers and is built to put clients and client success over everything else. From thematic investment management to estate and financial planning, we show our commitment to inventive thinking and client service.
Our global, macroeconomic outlook means we do much more than observe and follow trends. Instead, we seek out ideas. It takes more than one kind of person to contribute to this culture. It takes all kinds of people thinking in unconventional ways—with a singular focus.
Job Purpose/Summary
- The Investment Systems and Operations Lead responsibilities include coordinating activities between client services, operations and the back-office service provider, partnering with staff to develop best practices and tools to improve workflows and efficiency, managing and providing leadership across simultaneous work requests and projects.
Summary of Competitive Benefits & Perks:
- Health/Medical Insurance including Dental and Vision
- 401(k) with company match
- Paid time off
- Bonus/Target Incentive
- Tuition Reimbursement
- Complimentary usage of modern in-house fitness center
- On-premise full-service dining center discounts
- Discounts via the company’s EAP
- Monthly Employee Recognition Programs
- Referral bonus
- Pre-tax transportation options
- Plus more!
Company Core Values:
- Excellence: Demonstrates a commitment to continuous improvement, innovation, and achieving the highest possible standards for performance.
- Results: Consistently going above and beyond to deliver exceptional results and value for the team and the organization.
- Ethics/Integrity: Demonstrates a commitment to integrity, peer respect, and fairness. Continuously demonstrates a strong work ethic by exhibiting an indisputable drive to get the job done.
- Teamwork: Demonstrates a commitment to collaboration, mutual respect, and shared responsibility in achieving common goals.
Essential Job Functions of the Investment Systems & Operations Lead:
- Client Service Support: Provide cross departmental support and act as a liaison between Portfolio Managers, Traders, Compliance, Technology and Operations
- Data Setup/Maintenance: Oversees security setups, maintenance, pricing and reviews back-office service provider data for accuracy. Proactively reviews data integrity between the accounting system, OMS, and CRM systems.
- Reporting and Control: Develop, generate and maintain ad hoc or custom reports. Participate in both internal and external audit reviews and other regulatory reporting as needed.
- Reconciliation: Oversee the reconciliation of client/fund accounts and assist staff to research cash and position discrepancies.
- Fund valuation/accounting: Oversee and process the valuation for several collective investment funds. Process daily NSCC transactions in accounting system.
- Trade Support: Oversee the complete trading day process, including order entry and external matching with brokers for all domestic and international securities. Provide proactive communication while resolving internal trade discrepancies and external discrepancies with custodians and brokers
- Trade Settlement: Own all post-trade processing, including trade matching and settlement issues
- Cash Operations: Support day-to-day operational reporting and transaction needs of the Cash Operations team by processing cash reversals, cash disbursements and asset related cash. Reconcile and affirm CCT’s Daily Net Settlement wire with sub-custodian and bank.
- Treasury Operations: Oversee the reconciliation of CCT’s four DDA’s (Main trading account, checking, ACH & Wires, OMNI). Communicate issues with CCT’s bank and coordinate internal messaging. Oversee ACH Debit and Lockbox capabilities with CCT’s bank.
- Proactively review current processes to identify areas for improvement and implement effective changes. Help to create initial workflow documentation and identify updates for current procedures.
- Provide back-up to other employees in Operations as well as other duties as assigned.
Required Skills and Abilities of the Investment Systems & Operations Lead:
- Proven interpersonal, team oriented skills
- Strong knowledge of securities transactions, applicable regulations, and internal controls
- Self-starter with a strong initiative and ability to work independently
- Strong problem solving skills
- Able to organize/manage multiple priorities and projects coupled with the flexibility to quickly adapt to ever changing business needs and requirements
- High attention to detail, excellent follow-through
- Strong spreadsheet, database, and reporting skills. Experience with Excel, Word, Access and Outlook
Required Education / Experience of the Investment Systems & Operations Lead:
- Bachelor’s Degree required
- 5+ years of experience in Financial Services, Operations, Treasury Management
- 3+ years of experience in a supervisory role
Working Conditions / Physical Requirements / Travel:
- This position is based in an office environment with prolonged periods of sitting at a desk and working on a computer.
- This position does not require travel.
The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of Chevy Chase Trust's total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more.
Chevy Chase Trust is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact [email protected] or 301-986-6000.
Equal Opportunity Employer/Veterans/Disabled
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The Company
What We Do
Founded in 1892, B. F. Saul Company has been one of the most successful privately-owned real estate companies in the United States. Our growth has been the result of a commitment to exacting standards and the belief that knowledge of the marketplace, when paired with the ability to commit substantial resources, will bring exceptional rewards.
