Washington University is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, national origin, genetic information, disability, or protected veteran status.
This position is full-time and works approximately 40 hours per week.
Department Name/Job Location:
This position is in the Department of Investments. This position is for the Danforth Campus.
The Manager of Investment Operations is an essential member of the Washington University Investment Management Company (WUIMC) team. The candidate is expected to work closely with the entire WUIMC Investment Operations team in executing day-to-day operational activities for the office. The Manager will be responsible for accounting, valuation and performance reporting, portfolio analytics, information and documentation control, operational risk management, compliance, and other functions such as asset allocation support and transition management leadership to help ensure successful implementation of the Endowment’s strategy. The Manager of Investment Operations will also work directly with the WUIMC Investment Team, custodian bank, investment managers and administrators, and other University departments including the University’s Finance Offices (Treasury, Accounting, External Reporting).
PRIMARY DUTIES AND RESPONSIBILITIES:
Implements on-boarding process to ensure new investments are accurately included in all internal systems and pertinent terms are tracked; reviews subscription, termination, and account opening documents
Responsible for cash management, movement of collateral, liquidity monitoring and reconciliation of daily cash flows
Leads transition management process maintaining asset allocation targets and market exposure during investment implementation and portfolio rebalancing events
Monitors incoming communications and initiates proper workflows for document management and necessary processing
Serves as daily point person for WUIMC’s relationship with custodian (BNY Mellon) and auditors (PWC)
Cross trains on all operational aspects to ensure redundancies and adequate coverage
Performance, Analytics & Reporting
Reconciles monthly accounting and performance data, interacting with the custodian, investment managers and third-party data aggregators to ensure accuracy of data
Works with investment and technology staff to develop and codify processes that serve to systematically aggregate information from various sources into WUIMC’s proprietary database
Ensures data quality and integrity of line items, separately managed accounts, commingled funds, and benchmark returns and characteristics in various systems used for portfolio management and reporting
Produces portfolio performance, positioning and activity data for WUIMC Board reporting
Operational Due Diligence
Works with the Senior Operations Team to coordinate and conduct operational due diligence, focused on data gathering and research to evaluate the back office functions of managers
Drafts and distributes annual questionnaires to collect operational, compliance, and fund term information used to monitor ongoing managers
Develops comprehensive tracking and reporting of data to be shared across WUIMC and other University departments
Assists the Senior Operations Team with reviews of fund legal documents and audited financial statements
Supervises and develops junior investment operations staff, identifying individual and team skill gaps and development opportunities
Conducts frequent performance evaluations in a consistent, fair, and objective manner to facilitate open communication and encourage continuous professional development
Three to five years of relevant experience in an endowment, foundation or pension institution, asset management firm, investment company, or bank
Bachelor’s degree (with strong academic achievement) in accounting, actuarial science, finance, computer science, or related discipline
Strong knowledge of investment operations and functions
Excellent problem solving abilities, strong critical and strategic thinking skills
Proven ability to contribute in a team environment
Excellent time/project management skills
Curiosity and keen attention to detail
High degree of comfort and interest in systems and applications relevant to investment operations, portfolio management, and reporting
Five years of experience, working knowledge of alternative asset classes, derivatives and derivative strategies (futures options, swaps, CDS)
CPA, CFS, CIPM, CAIA designations or MBA
High degree of intellect and integrity and be a proactive, insightful, energetic, and articulate individual with excellent judgement, reasoning and problem-solving skills
Capable of representing the University effectively while interacting with investment managers and other large endowments and institutional investors
Collegial team player who is comfortable sharing responsibility, managing multiple assignments, and adjusting priorities to meet challenges as they arise
Enthusiastic about being part of the University and contributing to its mission
Compensation will be commensurate with the importance of this position and its impact on WUIMC’s continued growth and success. A competitive compensation arrangement is offered, consisting of a base salary and generous benefits.
All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. Current employees applying for a new position within the university may be subject to this requirement. The screenings will include a criminal background check and, as applicable for the position, other background checks, drug screen, employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.
Washington University in St. Louis is counted among the world’s leaders in teaching and research and draws students and faculty from all 50 states and more than 125 nations. The University is highly regarded for its commitment to excellence in learning. The university offers more than 90 programs and almost 1,500 courses leading to bachelors, masters and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields.
Washington University Investment Management Company (WUIMC) is the investment office for the university. The office employs 13 investment professionals and 8 operations professionals. WUIMC was founded in 2006 and is led by Chief Investment Officer, Scott Wilson. The Washington University endowment was valued at $7.7 billion as of June 30, 2018, making it among the top 15 largest university endowments in the U.S. Additional assets of $800 million are invested alongside the endowment, bringing total the total market value of assets overseen by the investment office to $8.5 billion.
Internal Applicant Instruction:
Please attach a copy of your most current signed performance evaluation (completed within the last 18 months) to your online account. If you have not received a performance evaluation, you may provide two current signed letters of recommendation (written within the last 18 months), preferably to include one letter from either a current or recent former supervisor. To attach these documents, go to: My Career Tools, Add Attachment, Attachment Type – Performance Reviews or Letters of Recommendation.
This position is full-time and works approximately 40 hours per week.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.