VP, Trade & Closing Operations Manager

TIAA • Charlotte, NC

3d

About The Position

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. 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.

Requirements

• 5+ Years Required; 7+ Years Preferred
• University (Degree) Preferred
• 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)

Nice To Haves

• Understanding of systems flow and capabilities (eFront)

Responsibilities

• 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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees