Reconciliation Analyst, Institutional Portfolio Operations
Connor, Clark & Lunn Financial Group
Gurugram, India
The Institutional Portfolio Operations (IPO) team is a group of tightknit, energetic, and social individuals, who together have a direct impact on the investment success of individuals, pension funds, foundations and endowments, First Nations and other institutional clients.
The reconciliation position is a critical part of our firm and clients success and is a challenging and rewarding role for the right individual. In this role you will experience the inter-workings of the asset management world and will have the opportunity to advance your skills for future growth and development within Connor, Clark & Lunn (CC&L).
What You'll Be Doing
The reconciliation teams serve as the key provider of accurate investment portfolio data to the entire CC&L family. In this role, you will:
- Reconcile various items, including but not limited to: cash, transactions, holdings, futures, various derivative products, dividends, soft dollars, units, and alternative investments.
- Knowledge on investigation of the various reconciliation breaks due to shareholder activities, income discrepancies, corporate action breaks, failed trades or derivative breaks.
- Knowledge of various research platforms like Bloomberg or Reuters, etc.
- Experience of navigating custodian websites for extracting cash and holdings reports
- Communicate with custodians, prime brokers, portfolio managers, and key personnel across CC&L to investigate and resolve reconciliation discrepancies.
- Communicate with our custodians and prime brokers to set up daily delivery of external files for reconciliation purposes and to resolve data-related issues.
- Communicate critical portfolio information and oversee the flow of sensitive information for all CC&L affiliates.
- Work with auditors to assist in providing accurate and timely data for audits of our institutional client accounts.
- Participate in continuous improvement of business processes and procedures, with focus on automation, efficiency, and the scalability of IPO's services.
- Participate in testing and implementation of projects and new/revised products/services or processes.
- Complete month-end reconciliation of accounts to ensure that all client accounts that are out of balance or require investigation can be reviewed and resolved accordingly and in a timely manner.
- Analyze issues and determine next steps; escalate as required.
- Complete complex & diverse tasks within given rules/limits.
- Perform other tasks and ad-hoc projects as assigned to you from time to time.
- Knowledge of Advent APX and SS&C RECON applications are beneficial, but not required.
- Knowledge of capital markets, derivatives, securities, and corporate actions.
About You
- Education: You have a postgraduate degree in Finance, Business Administration or a related field.
- Investment Knowledge: you have a genuine interest for the investment industry with prior experience in an institutional investment firm, bank, or trust company. A minimum of 4 years experience in investment operations and reconciliation is necessary.
- Collaborative Communication: you can articulate yourself clearly through both verbal and written mediums and work well with others to resolve complex issues.
- Inquisitive Mind: you have the ability to think rationally, and problem solve effectively. Demonstrated experience in process improvement initiatives, developing and automating processes is beneficial.
- Critical Thinking: you have a proven ability to problem solve in situations with less than complete information. You demonstrate strong analytical skills, ability to analyze situations, diagnose problems, and develop proactive solutions. You are proficient with Microsoft Office (Excel) and computer literate.
- Curiosity: you have a thirst for knowledge and lifelong learning. You have the ability to learn quickly and take responsibility for own learning and development.
- Team Player: you are committed to contributing and supporting a team of like-minded individuals who are driven and have high standards. Everyone you have worked with has wonderful things to say about you.
- Positive Attitude: you are a sharp, ambitious, and enthusiastic person who will seek to improve existing processes and help to implement creative solutions. You are a go-getter.
Operational excellence is important to you. You are not only talented but hard working. You bring a high pace of execution on projects but also take pride in crucial daytoday operations. Relationships are important to you, and you understand building them improves the quality and throughput of results.
About Connor, Clark & Lunn Financial Group
At Connor, Clark & Lunn Financial Group, we understand the value of opportunity for our clients and our
team. Independent and employee-owned, we partner with investment professionals to grow successful asset management businesses, giving them the space to innovate and truly make an impact.
With more than 40 years of history and offices across Canada and in the US, the UK and India, CC&L Financial Group and our multi-boutique family of affiliate firms collectively manage over $140 billion in assets, providing a diverse range of traditional and alternative investment products and solutions to institutional, high-net-worth and retail clients.
For a closer look at how you can build your career with us, we invite you to explore cclgroup.com.
CC&L is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity
employer. All qualified applicants will receive consideration for employment without regard to gender,
ethnicity, religion, sexual orientation or expression, disability, or age. To apply for this position, please submit your resume and cover letter as one PDF.
We thank all applicants in advance for their interest, but only those candidates shortlisted for interviews will be contacted. No telephone calls or recruitment agencies will be accepted.
To apply for this position, please submit your resume and cover letter as one PDF.
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