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Nuveen Investments Assistant Vice President, Investment Operations - Nuveen in New York, New York

The Investment Operations job supervises para-professionals that are responsible for operational activities for the investment function. This job manages administrative/transactional operational processes pertinent to trade processing, settlements, securities transfer and record maintenance. As a team supervisor, this job sets day-to-day operational objectives for team members and ensures policies and procedures are understood and followed by direct reports.

Key Responsibilities and Duties

  • Supervises trading and balancing of institutional accounts, ensuring compliance with model portfolios from portfolio managers.

  • Manages the administration of asset management operational processes including trade processing, settlements, and securities transfers, ensuring quality, accuracy and completeness.

  • Advises on escalated account issues by considering multiple resources and records when investigating the most complex problems in asset management operational processes.

  • Approves compliance documentation to help ensure compliance with investment restrictions, laws, Securities & Exchange Commission (SEC), and tax codes.

  • Identifies gaps within operational activities for the investment function and proposes solutions to address the issue.

  • Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional services and engagement, motivation and development of team.

Educational Requirements

  • No Advanced Degree Required Preferred

Work Experience

  • 3+ Years Required; 5+ Years Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

7PL

An Assistant Vice President on the US Fixed Income Trade Settlements team is responsible for the supervision of a team of individuals, whose responsibilities include the confirmation, communication, and settlement processes related to Nuveen’s US Fixed Income trades. This individual works closely with Traders, Brokers, and Custodians to ensure trades are recorded accurately, matched against the counterparty’s details, and recorded and settled in a timely manner by the custodian banks. This role will guide and lead a team, and represent the team on multiple projects.

Additional Responsibilities:

  • Monitor and control workflow to ensure all trade confirmations and settlements are received and occurring in a timely manner

  • Setup and establish communication of trade activity to custodians, fund administrators, and other interested parties

  • Represent the US Fixed Income Trade Settlements team on a variety of projects

  • Provide leadership and supervision to a Settlements team related to workflows, controls, and process improvements

  • Continuous improvement mindset to capitalize on straight through processing, speed and accuracy of systems and procedures; communicate in functional teams to complete daily tasks, share market and systems knowledge, and preserve and grow strong trading relationships with internal / external customers.

  • Monitor key metrics and SLAs

Required Qualifications:

3 or more years of experience with trade entry and trade processing systems

Preferred Qualifications:

  • 5 or more years of experience leading processes and teams in the Settlements space

  • Experience with Microsoft Office products

  • Thorough understanding of the lifecycle of a trade from execution to settlement

  • Thorough understanding of various Investment Management products (Pension funds, Mutual funds, Separate accts)

  • Expert in Excel including macros, vlookups, pivot tables and other advanced skills

  • Solid communication skills, written and verbal

  • Thorough experience with SWIFT messaging and format

  • Significant experience with industry trade matching utilities, like DTCC products (ALERT, CTM)

  • Experience with Portfolio Accounting Systems

  • Experience with order management systems, like Bloomberg AIM and Charles River Investment Management Solution

  • Ability to address difficult issues and work under pressure in high stress environments

  • Strong analytical and quantitative skills with an ability to understand complex workflows

  • Complete understanding of operational risks and controls as well as identifying areas lacking controls and implementing new ones.

Potential Salary: $110,300.00 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).


Company Overview

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

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

Benefits and Total Rewards

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. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .

For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .

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