Advanced Principal, ETF &Passive Portfolio Operations

Invesco • Downers Grove, IL

3d • Hybrid

About The Position

As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

Responsible for the day to day oversite and operational activities that are specific to the UIT comparison and settlement process. The Advanced Principal oversees a staff that manages the daily workflow and ensures regulatory requirements are adhered to. Act in a supervisory role as well as be part of a team to complete tasks. Establish and maintain relationships within the various departments in Invesco to ensure the proper flow of information and regulatory compliance. This position works closely with UIT Trading Desk, Accounting, Compliance and the Business Unit in Downers Grove. In addition, this position provides trade support and oversite for the Capital markets desk and oversees corporate actions and pricing. This position also establishes and maintains various external relationships with our Trustee, DTCC and NSCC, Pricing vendors outside auditors and outside legal. The position requires a series 27 license and is closely tied to the IVZ broker dealer. A successful candidate will have experience working across functions, setting and driving a strategic agenda, being involved in high profile projects, and achieving positive results through diligent and relentless execution. Operate horizontally at the intersection of capital markets, investments, ETF servicing, post trade processing, technology, and core services. The position requires licensing. If the candidate does not currently have requirements, IVZ will work with the candidate to provide support to obtain required licensing in the timeframe needed.

Requirements

• Must have strong knowledge of FINRA Rules and SEC regulations and the Investment Company Act of 1940.
• Five or more years of operational and securities industry experience.
• Working knowledge and experience with DTCC and NSCC.
• Excellent verbal and written skills.
• Must be able to multi task different initiatives at once, take direction well, and strong follow through skills needed.
• Ability to work effectively in a team environment.
• Knowledge of the UIT/ETF and Securities industry.
• Ability to work effectively in a global matrixed team environment.
• A Bachelor’s Degree is required.

Nice To Haves

• Direct knowledge and experience with UIT Products preferred.
• Supervisory and over site experience preferred.

Responsibilities

• Oversee all aspects of the UIT comparison and settlement process.
• Oversee and ensures proper Net Asset Value calculations from our pricing vendors
• Create and maintains metrics for management review.
• Oversees the reconciliation of all Broker Dealer Cash activity for posting to the GL.
• Reviews and maintains updated policies and procedures for WSPS.
• Oversee and review and fund all margin account deficits; this includes hedge accounts and DTCC and NSCC collateral accounts.
• Oversees all Broker Dealer working capital and maintains a line of credit with the parent company and a Broker Dealer bank account.
• Prepare and submit quarterly Securities Count (Rule 17a-13).
• Works closely with UIT trading, Compliance and Accounting teams for issue resolution.
• Prepare and submit Customer Reserve (Rule 15c3-3) weekly and at month end.
• Provides monthly to Sr. Management, Compliance, IT and the Portfolio trading desks regulatory report cards from the MSRB, TRACE and Oats that compare IVZ results to the industry.
• Maintain a One Invesco perspective driving positive and impactful outcomes for the firm
• Engage and maintain relationships with stakeholders across the firm to effectively navigate our global organization
• Develop project objectives with measurable goals, drive consensus and communicate plans and results to stakeholders and management throughout
• Partner with the firm’s leadership to help shape BlackRock’s ETF platform strategy to maximize growth, scale, and consistency
• Design, innovate, and implement ETF operating models, technology solutions and commercial opportunities

Benefits

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

What This Job Offers

• Job Type: Full-time
• Career Level: Principal