Tracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With US$746 billion in assets under management as of 30 November 2012, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 50 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. We welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
Wellington Management Company LLP, manages over $27 billion in complex multi-asset class mandates across nearly 700 relationships globally. As we continue to grow and globalize at a rapid pace, we need to consistently improve our operational capabilities to scale the effort and successfully meet the investment expectations of our clients. We have an opening for Asset Allocation Operational Risk Manager to strengthen our implementation of the evolving asset allocation suite of approaches; identify ongoing opportunities for improvement in technology tracking and processes; stay ahead of regulatory changes; share best practices across the group; and continue to mitigate errors in client accounts.
As a member of the Asset Allocation Strategies Group, the operational risk manager will work across the group to evolve and enhance operational processes and minimize associated risks. The individual will provide an important leadership role for our operational risk management effort and will work closely with our investment teams and others around the firm.
Specific areas of responsibility will include:
- New product and business support - project management for the operational coordination of complex new product launches
- Monitoring and oversight: development of a dashboard and accompanying reports to monitor asset allocation for conflicts, inefficiencies, dispersion, and errors, and chair monthly oversight meetings
- Regulatory Risk/Business Policies - proactive assessment of the adequacy of policies and procedures relative to business and/or regulatory changes (e.g., ERISA fiduciary requirements, UCITS IV, 40 Act, Dodd Frank); propose and implement changes to policies.
- Execution & Reconciliation – accurate, efficient, cost effective order management and trading
- Compliance -- measurement, notification & enforcement, internal & external guidelines, individual portfolios & dispersion across portfolio groups
- Error Prevention, Detection & Resolution – target no mistakes; mistakes must be discovered quickly and corrected, and policies put in place to prevent a repeat experience.
- Counterparty Risk Management – prudent balancing of best pricing and potential exposure/risk.
- Pricing Integrity – validation of the valuation methodologies applied to the instruments traded by AA.
- Technology and Infrastructure - support development and maintenance of infrastructure and tools required for the above activities; promote greater awareness of and responsiveness to AA by infrastructure teams, and manage the relationships with groups that support AA.
- Operational Best practices – continuous review of current operational practices across investment teams and process and technology improvements in the implementation of asset allocation mandates; serve as a thought partner in identifying operational improvements across the Portfolio Coordination group.
- Business Continuity - evaluate completeness and accuracy of plans, and update as appropriate for new products, processes, and people; act as BCP Delegate for AASG.
The successful candidate will have the following qualifications:
In addition, strong working knowledge of the systems development process and experience working with developers is extremely useful
- Substantial multi asset class investment experience, and knowledge of the equity, fixed income and derivatives markets and instruments
- Detailed understanding of portfolio management, derivatives, foreign exchange, middle-office and back-office processing
- Strong process management orientation
- Ability to think strategically while also focusing on the details
- Sound business judgment and discretion
- Excellent written, oral and interpersonal communication skills
- Creativity, thoroughness, thoughtfulness, and leadership ability
- High energy and the ability to work well with others
- Excellent quantitative skills and knowledge of statistical methods
If Napoleon had met this Wellington, Waterloo would have taken on a whole new meaning: sound asset management. Wellington Management...