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Advanced Principal, ETF &Passive Portfolio Operations

Invesco · Houston, TX · 1 wk ago
Education$150k–$170k/yrFull-time

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.

About the role

Responsible for the day-to-day oversight and operational activities 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 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 oversight for the Capital Markets desk and oversees corporate actions and pricing. The role also involves establishing and maintaining external relationships with the Trustee, DTCC, NSCC, pricing vendors, outside auditors, and outside legal.

The position requires a Series 27 license and is closely tied to the IVZ broker-dealer. If the candidate does not currently meet licensing requirements, Invesco will provide support to obtain the required licensing.

Responsibilities

  • Oversee all aspects of the UIT comparison and settlement process.
  • Ensure strong knowledge of FINRA Rules, SEC regulations, and the Investment Company Act of 1940.
  • Oversee and ensure proper Net Asset Value calculations from pricing vendors.
  • Create and maintain metrics for management review.
  • Oversee the reconciliation of all Broker Dealer Cash activity for posting to the GL.
  • Review and maintain updated policies and procedures for WSPS.
  • Oversee, review, and fund all margin account deficits, including hedge accounts and DTCC/NSCC collateral accounts.
  • Oversee all Broker Dealer working capital and maintain a line of credit with the parent company and a Broker Dealer bank account.
  • Prepare and submit quarterly Securities Count (Rule 17a-13).
  • Work closely with UIT trading, Compliance, and Accounting teams for issue resolution.
  • Prepare and submit Customer Reserve (Rule 15c3-3) weekly and at month-end.
  • Provide monthly regulatory report cards from MSRB, TRACE, and OATS to Sr. Management, Compliance, IT, and Portfolio trading desks, comparing 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 navigate the global organization effectively.
  • Develop project objectives with measurable goals, drive consensus, and communicate plans and results to stakeholders and management.
  • Partner with firm leadership to help shape Invesco’s ETF platform strategy to maximize growth, scale, and consistency.
  • Design, innovate, and implement ETF operating models, technology solutions, and commercial opportunities.

Requirements

  • Five or more years of operational and securities industry experience.
  • Direct knowledge and experience with UIT Products preferred.
  • Working knowledge and experience with DTCC and NSCC.
  • Supervisory and oversight experience preferred.
  • Excellent verbal and written communication skills.
  • Ability to multitask different initiatives, take direction well, and demonstrate strong follow-through skills.
  • 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.

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

Pay

The salary range for this position in Downers Grove, IL is $150,000 - $170,000 per year. The total compensation includes salary and incentive pay and will vary based on skills, experience, and location.

Schedule

Full-time. Employees are expected to comply with Invesco’s Workplace Policy, which includes spending at least four full days each week working in an Invesco office.

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