Job Details
As one of the world's leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. 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, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!
Job Description
Your Role
The candidate for this position will be part of the Operations group supporting the Invesco Private Credit business. The candidate will be responsible for assisting with the day-to-day support of the Bank Loan platform that conducts business across various special purpose vehicles. The individual will serve as a location leader for the New York office. In addition to being a location leader, the position will serve as a function lead primarily overseeing trade settlement amongst other operational functions.
Set the example for best practice operating procedures, participants in business initiatives and respective implementation. Proactively build and develop relationships with internal collaborators, business partners and third-party providers. Recommends third party provider oversight model improvements, represents the bank loan operations team on committees, service meetings and working groups as required. Maintain and develop industry and regulatory knowledge, participate in respective coordination and testing initiatives. Demonstrates continuous improvement (CI) and risk mitigation culture.
You will be responsible for:
- Serve as the location leader for the New York operations team
- Provide leadership and direct interaction with team members
- Assist in running weekly operations meeting
- Provide back-up capability to Operations Manager in times of absence
- Serve as a function lead in the trade booking, settlements, and trade issues resolution
- Oversee all trade settlements processes including par, distressed, Direct Lending, US/EURO, equity
- Liaison with Trading desk for issue resolution
- Liaison with trustees and agent banks in relation issues and resolve problematic cash discrepancies from notices or terms of trades with Custodians, Trustees, Agent Banks, and/or Seller Banks
- Responsible for assessing issues, identification of resolutions/alternatives and providing/implementing recommendations
- Perform complex restructures including multi-currency re-builds, defaults, and extensions
- Support of cash reconciliation process to ensure accuracy and completeness of available data
- Provides loan status to portfolio managers, analysts and operations related to cash activities
- Coordinate trade review meetings with external counterparties
- Provide back up to other members of team
- Document process requirements
- Work with team to increase automation and identify efficiencies of core processes
- Develop into a process leader, functional expert, and create new initiatives
The experience you bring: - 6+ years of leverage loan experience (Agency or closing group) work experience
- Possess a broad knowledge of bank loans, fund types, back office and OMS systems, broker and custodian operations to proactively support the continual development and operational enablement of bank loans.
- Familiarity with Wall Street Office Suite, Everest, S&P and Moody's rating sites
- Experience leading complex projects and initiatives.
- Excellent verbal and written communication as well as interpersonal and leadership skills necessary to communicate effectively with individuals at all levels.
- Must demonstrate the ability to handle elevated risk and time critical situations.
- Must demonstrate ability to establish priorities and appropriate deadlines both individually and at a team level.
- Strong analytical skills to interpret complex and detailed data, including policies, procedures, and regulations.
- Ability to lead and collaborate in a team environment and conduct themselves in a professional manner.
- A bachelor's degree in accounting, business, economics, finance, math or related field and relevant business experience or a combination of education, training and industry experience that provides the required knowledge and skills.
The salary range for this position in New York City is $$135,00.00-158,000 /year. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location'
Full Time / Part Time Full time
Worker Type Employee
Job Exempt (Yes / No) Yes
Workplace Model At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What's in it for you? Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
- 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
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.