VP, Trade & Closing Operations Manager

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

Nuveen is a global investment manager that works in partnership with our clients to create outcome-focused solutions to help them reach their goals for their financial future.

Key Responsibilities and Duties

• Provides management support for the reconciliation process and guidance to team members and/or other colleagues in various locations to ensure the quality of data provided to the investment team and various other users of this information.

• Functions as the primary escalation contact with trustees and agent banks in relation to issues and resolution of problematic discrepancies with custodians, trustees, agent banks, and/or counterparties.

• Liaises with traders and other front office stakeholders to resolve trade issues and/or trade discrepancies.

• Analyses and oversees the processing of complex restructures including multi-currency rebuilds, defaults, and extensions.

• Evaluates process effectiveness, plans, coordinates, and implements enhancements.

• Deep understanding of credit and alternative assets lifecycle and mechanics.

• Monitors maintenance and controls of all credit and alternative investments activity (e.g., interest rate resets, principal repayments, principal drawdowns, margin changes) across all systems.

• Oversees WSO data and transaction discrepancies and liaises and escalates with the service provider to resolve issues.

• Manages the oversight of cash/currency positions and assesses potential FX spot and forward adjustments and communicates to the front office as appropriate.

• Reviews and provides operational reporting approvals for internal and external reports, including compliance and management reporting.

• Monitors the delivery of daily cashflow projections to portfolio managers, analysts, and Operations.

• Demonstrates strong management skills including delivering regular ongoing team feedback through one-on-ones, quarterly discussions, and performance reviews; provides compensation recommendations.

• Assesses and addresses training needs of staff in current and future-state assets and systems.

• Participates in all aspects of the talent cycle, including determining staffing requirements, recruitment, and employee development.

• Responsible for assessing issues, identifying resolutions/alternatives, providing/implementing recommendations, and prioritizing business needs for daily BAU activities.

• Ensures documentation of process requirements and updating of procedures for settlement, restructuring, cash, data, liquidations, closing, and onboarding for credit and alternative investments operations.

• Acts as a leader in transformation and change by actively leading and/or participating in projects to help the team increase efficiency and effectiveness.

• Assists with the creation, tracking, and reporting of metrics for the Trade & Closing Operations team.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
9PL

Nuveen is looking for a VP, Trade & Closing Operations Manager to lead a growing team responsible for credit restructuring, amendments, ClearPar, distressed loan/equity closing, and private asset structure setup. This is a dynamic management role with no typical day-to-day routine, it evolves constantly based on the needs of the business.

Required Skills:

• 5 or more years of experience managing credit and alternative assets life cycle and mechanics.

• Extensive understanding of systems flow & capabilities (WSO, Bloomberg AIM, CRD)

Preferred Skills:

• Understanding of systems flow and capabilities (eFront)

Anticipated Posting End Date:

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

Drug and Smoking Policy

TIAA maintains a drug-free and smoke/free workplace.

Privacy Notices

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