Senior Investment Operations Analyst, Middle Office

Sr Analyst, Business Operations - VKSAH4

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Senior Investment Operations Analyst

About HIMCO

Hartford Investment Management Company (HIMCO) has been providing investment advice for over 40 years. With more than 115 investment professionals and approximately $108 billion in assets under management (AUM) across the fixed income, equity and alternatives markets, we deliver tailored strategies to insurance, sub-advisory and other 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 to drive value and results.

WHY JOIN HIMCO BUSINESS OPERATIONS?

This is a great opportunity to join a growing Investment Management company with Affiliated and Third-Party assets under management.  Business Operations is responsible for the comprehensive support of HIMCO’s Investment Operating Platform, along with Enterprise Services, such as Project Management and Business Resiliency.  In Business Operations you will gain exposure to all parts of HIMCO, including, Investment Sectors, Portfolio Management, Trading, Legal, Compliance, Accounting and Technology teams through daily investment process support, project work, stretch assignments, and complex issue resolution.  In addition, you can grow your career through participation in innovative investment and technology solutions for HIMCO’s client, market, and regulatory initiatives. 

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 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?

• Reconcile issuer-level data between systems to ensure consistency across the investment management platform
• Respond to operational client inquiries by leveraging data contained in HIMCO systems and liaising with other Business Operations departments to provide timely resolution of client requests
• Support a mix of daily production work, ad-hoc projects, and research as requested by Business Operations Management, Insurance Portfolio Management, Accounting teams, and other constituencies
• Provide timely support to many internal HIMCO teams, including Portfolio Managers, Investment Sectors, Financial Reporting, Performance Measurement, and Client Reporting Teams
• Process and maintain investment activity in the Trading and Accounting systems for Public Fixed Income, Equity, Alternative Assets and Derivatives in HIMCO’s client portfolios
• Daily activities could include Trade Confirmation and Settlement, Cash Publishing and Reconciliation, Asset Reconciliation, Security Master Maintenance, Corporate Action Processing, Derivative Payment Processing and Collateral Management, State Deposit Processing, or other investment support activities
• Perform detailed analyses of financial payment and settlement information to resolve complex security processing issues with trade counterparties and custodial banks
• Work with front and back offices to provide best-in-class solutions to client issues
• Maintain relationships with clients, their affiliates, vendors, custodial banks, and trading counterparties, while representing HIMCO in a professional manner at all times
• Using a continuous improvement mindset, identify automation opportunities and recommend tools to enhance the client experience and fully utilize HIMCO system capabilities working with software vendors and custodians.
• 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
• Prepare detailed reporting on key performance indicators such as trade settlement failures, asset reconciliation breaks, late trade notifications, variances between projected and actual cash payments, overdrawn cash balances, and asset variances between market data providers to inform senior management decisioning
• Participate in ad-hoc projects within Business Operations as needed, including regulatory or client-initiated changes or the testing and implementation support of IT development releases
• Identify and track exceptions in a timely manner following established market specific guidelines
• Daily activities could include publishing and reconciling investment accounts for Portfolio Managers, calculating expected interest and principal payments, performing detailed research on missing or late security payments, working with loan servicers or lending agents on payment details for Commercial Mortgage Loans or Bank Loans, tracking and moving investment income between appropriate entities and supporting external client Accounting Agents and other parties on understanding HIMCO investment cash flows. 

WHAT ARE WE LOOKING FOR?

• BS/BA degree in Finance, Business or related field, 5+ years of relevant experience, advanced degree preferred
• Fundamental understanding of investment products and securities operations
• Experience with technology, including Excel, Investment, Accounting, or Performance Measurement systems required, with the ability to adapt to new and changing securities systems
• Excellent verbal and written communication skills
• Ability to adapt to changing priorities
• Proactive ownership of issues; willingness to recommend solutions and ownership of resolution processes
• Strong customer service focus to provide excellent support to internal and external clients
• Broad understanding of securities processing and settlement practices across Fixed Income and Equity asset management.
• Experience with Bloomberg for Public Asset research for reporting and analytics.
• Familiarity with Aladdin, Maximis or Singularity a plus.
• Exceptional analytical skills combined with detail orientation. Able to meet high expectations for precision and accuracy.
• Prior support of Derivatives or Alternative Asset Sectors, such as Commercial Mortgage Loans, Private Equity, Private Direct Lending, Private Placement Debt is a plus.
• Experience with DTCC Trade Suite products, CTM, MarkitWire, TriOptima, Wall Street Office or Power BI a plus.

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:

$102,160 - $153,240

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

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