Trade Management Reconciliation Services Analyst/ Sr. Analyst
Trade Management Reconciliation Services Analyst/ Sr. Analyst
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$ 70000 - 90000
1 Vacancy
Job Description
The Trade Management Team within Neuberger Berman Middle Office provides support for both Fixed Income and Equity Investment Teams managing over $90 billion in AUM. This team manages all aspects of the trade lifecycleincluding confirmation settlement discrepancy resolution and new account onboardingfor global and domestic portfolios. A key focus for the Sr. Analyst will be oversight of daily internal cashflows particularly for Equity portfolios but with cross-coverage for Fixed Income portfolios as well. The team is responsible for ensuring that all cashflow activity and related data are accurately and timely loaded into the Order Management System (OMS) each day.
This position supports a rapidly growing business and requires close interaction with trading desks and other internal stakeholders. The role requires strong attention to detail process orientation and the ability to ensure accuracy and timeliness of all system entries. The ideal candidate is highly detail-oriented technology savvy able to meet daily deadlines and comfortable working in a fast-paced environment.
Responsibilities:
Process daily cashflow activity for all US fixed income and equity portfolios including model cash allocations cash rebalancing between strategies and verification of data loaded into the Order Management System (OMS).
Distribute daily cashflow notifications and updates to Portfolio Managers and Traders and serve as a central point of contact for their inquiries.
Communicate with custodian banks (e.g. State Street Brown Brothers etc.) to confirm and reconcile subscriptions redemptions and resolve discrepancies.
Perform daily reconciliation of cash exceptions and review trade breaks between internal platforms (e.g. Aladdin Prism RKS) and custodians ensuring timely resolution.
Provide Beginning-of-Day Portfolio Readiness (cash transactions holdings) to Portfolio Managers by reviewing reconciliation exceptions for both positions and cash.
Facilitate onboarding of new business and portfolios ensuring accurate and timely system setup.
Monitor and review automated processes to ensure accurate data flow from external sources into internal systems.
Leverage and learn accounting and operational platforms such as Prism and RKS as well as custodian portals as required.
Support process automation (e.g. Straight Through Processing) efficiency enhancements risk mitigation projects and participate in process improvements including the use of AI and/or ChatGPT for efficiency.
Qualifications
Bachelors degree in Finance Accounting or a related field preferred.
12 years of relevant industry experience required.
Familiarity with equity (preferred) and/or fixed income cashflows is a plus.
Detail-oriented process-driven and capable of meeting daily operational deadlines.
Technology savvy with strong proficiency in MS Office especially Excel.
Experience with BlackRock Aladdin or similar platforms preferred.
Experience with custodian portals (State Street Brown Brothers etc.) a plus.
Experience or interest in leveraging AI and/or ChatGPT for process improvement is a plus.
Strong organizational problem-solving and communication skills.
Ability to work independently and as part of a team in a fast-paced environment.
Proven ability to work effectively with internal and external service providers.
About Neuberger Berman Group LLC:
Neuberger Berman is an independent employee-owned global asset management firm serving the financial needs of institutional and individual investors worldwide. Our broad capabilities include traditional and alternative equity and fixed income strategies private equity and commodities in addition to portfolio advice and wealth planning services. We offer a broad platform to accommodate the evolving needs of our clients.
Compensation Details
The salary range for this role in Illinois is $70000-$90000 and the salary range for the role in New York is $70000-$90000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range and the range may be modified in the future. An employees pay position within the salary range will be based on several factors including but limited to relevant education qualifications certifications experience skills seniority geographic location business sector performance shift travel requirements sales or revenue-based metrics market benchmarking data any collective bargaining agreements and business or organizational needs. This job is also eligible for a discretionary bonus which along with base salary and retirement contributions is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off medical/dental/vision insurance 401(k) life insurance and other benefits to eligible employees.Note: No amount of pay is considered to be wages or compensation until such amount is earned vested and determinable. The amount and availability of any bonus commission production or any other form of compensation that are allocable to a particular employee remains in the Companys sole discretion unless and until paid and may be modified at the Companys sole discretion consistent with the law.
Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race creed national origin religion age color sex marital status sexual orientation gender identity disability citizenship status or protected veteran status or any other characteristic protected by local state or federal laws rules or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact .
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Required Experience:
Senior IC
Employment Type
Full-Time
