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Analyst, Business Operations - VKANH3

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Analyst, Business Operations - HIMCO

Data Integrity Group

Job Description

This role will have a Hybrid work arrangement, with the expectation of working in an office (Hartford, CT) 3 days a week (Tuesday through Thursday).

This position is for a highly motivated individual to provide oversight of critical data points used across the investment platform, including security reference, derived, fundamental, analytical and market data in the Data Integrity Group in Business Operations.

About HIMCO

Hartford Investment Management Company (HIMCO) has been providing investment advice for over 35 years. With approximately 130 investment professionals, over 135 operational and technical support professionals and approximately $115 Billion in assets under management (AUM) across the Fixed Income, Equity and Alternatives markets, we deliver tailored strategies to insurance companies as well as retail and institutional clients. Our mission is the pursuit of investment excellence centered on each client's success, and we have developed a culture that fosters debate and collaboration to drive value and results.

Why Join HIMCO Business Operations?

This is a great opportunity to join a growing Investment Management company with Affiliated and Third-Party assets under management. Business Operations is responsible for the comprehensive support of HIMCO’s Investment Operating Platform, along with Enterprise Services, such as Project Management and Business Resiliency. In Business Operations you will gain exposure to all parts of HIMCO, including, Investment Sectors, Portfolio Management, Trading, Legal, Compliance, Accounting and Technology teams through daily investment process support, project work, stretch assignments, and complex issue resolution. In addition, you can grow your career through participation in innovative investment and technology solutions for HIMCO’s client, market, and regulatory initiatives.

DATA INTEGRITY GROUP OVERVIEW:

The Data Integrity Group ensures and improves the accuracy, timeliness, consistency, and completeness of security-level to enterprise-wide data. Data control and integrity oversight applies to information ultimately used in making investment decisions, transacting securities, exercising compliance and controls over investment processes, and communicating portfolio and holdings information to internal and external clients.

WHAT ARE THE RESPONSIBILITIES OF THE POSITION?

This is a highly visible position. Successful incumbents will be responsible for:

+ Providing front-line quality assurance and controls for data used in the investment management process as well as for executive, portfolio management, mutual fund and client reporting.

+ Modeling security masters on new or existing investments in a timely and accurate manner. Covers the entire spectrum of Fixed Income securities including Investment Grade and High Yield bonds, Mortgage-Backed securities, CMBS, ABS, Municipals, Emerging Markets, Private Placements, Whole Loans, Bank Loans, Equities (both Public and Private), Derivatives and various unique investments.

+ Work with sectors around security level risk and sector bucketing breakouts.

+ Reviewing daily data integrity reports and reconciliations; performing periodic asset scrubs to maintain the accuracy and integrity of security master data.

+ Responsible for processing and settlement of daily variation margin for futures and cleared derivative securities. Posting of securities and cash collateral to ensure initial margin requirements are met.

+ Partnering with other areas of HIMCO on projects and new product initiatives.

+ Independently research and resolve data issues across applications and databases. Understand impact to all departments of minor/major data and schema changes.

+ Process reengineering and/or building new controls or processes resulting from postmortems and proactive ideas.

+ Monitor daily margin requirements for uncleared OTC derivative and repo positions. Make and respond to daily margin calls based on exposure vs pledged/held collateral. Ensure pledged and received collateral (cash and/or securities) are in adherence with our legal agreements (ISDA, MSFTA, PAA).

WHAT ARE WE LOOKING FOR?

Qualified candidates will have the following:

+ BS/BA in Finance or Economics, Computer Systems or Mathematics; MBA or CFA a plus.

+ 3+ years of experience in Investment Management Operations or Middle Office role.

+ Broad understanding of securities processing and settlement practices across Fixed Income, Equity, Derivatives, and Alternative Asset classes.

+ Several years direct support of either Derivatives or Alternative Asset Operations is required.

+ Experienced with Bloomberg for Public Asset research and with Excel for reporting and analytics.

+ An understanding around daily variation margin for futures and cleared is a plus.

+ Highly proficient in Excel. Experience with relational databases, querying languages, VBA and report automation is a plus.

+ Familiarity with Investment, Accounting, and Performance Measurement systems required; experience with Aladdin, Maximis or Singularity a plus.

+ High degree of initiative and intellectual curiosity, especially in Investments.

+ Exceptional analytical skills, detail oriented, and strong oral and written communications skills.

+ Must be a collaborator, problem solver, critical thinker, possess integrity and a strong work ethic.

+ Ability to work independently on concurrent tasks and adhere to deadlines with evolving priorities.

+ Able to meet high expectations for precision and accuracy.

+ Willingness to develop leadership skills and take ownership of complex workflows and projects.

As a condition of your employment for HIMCO, you will be required to affirm to HIMCO’s Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a “Covered Associate” under HIMCO’s Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$84,800 - $127,200

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us (https://www.thehartford.com/about-us) | Culture & Employee Insights (https://www.thehartford.com/careers/employee-stories) | Diversity, Equity and Inclusion (https://www.thehartford.com/about-us/corporate-diversity) | Benefits (https://www.thehartford.com/careers/benefits)

Human achievement is at the heart of what we do.

We believe that with the right encouragement and support, people are capable of achieving amazing things.

We put our belief into action by ensuring individuals and businesses are well protected, and by going even further – making an impact in ways that go beyond an insurance policy.

Nearly 19,000 employees use their unique talents in careers that span a variety of disciplines – from developing the latest technology to creating and promoting our products to evaluating future financial risks.

We’re also committed to programs that drive education and support volunteerism, which put human beings first. We do it because it’s the right thing to do, and because when our customers, communities and employees succeed, we all do.

About Us (https://www.thehartford.com/about-us)

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