Senior Associate, Fund Operations

The Fund Operations Team

Arrowstreet is the investment adviser to, and promoter of, a number of pooled investment funds, each of which is managed according to one of our offered investment strategies and designed to take into consideration the domicile and regulatory characteristics of the investors. The Funds Group within Arrowstreet is a team of experienced professionals responsible for managing the formation, development and oversight of the Arrowstreet Sponsored Funds, including complex regulatory and operational needs of these products. The Fund Operations team is a group within the Funds Group.

The Fund Operations team manages the oversight of our sponsored funds on an ongoing basis, and is responsible for ensuring successful and timely completion of all associated deliverables and initiatives. The Fund Operations team oversees the relationships with the administrators, custodians, prime brokers, auditors and tax service providers of our sponsored funds, and is responsible for developing and overseeing the operational procedures and reporting on behalf of the funds. This function is critical to our overall investment management processes. The individuals on this team work directly with members of many teams throughout the firm, including client relationship management (CRM), portfolio management and investment services, legal and compliance, and finance. This role and its responsibilities present an excellent opportunity to gain exposure to, and expertise in, critical fund-related matters of the investment management business.

Responsibilities

• Contribute to developing and maintaining operational workflows in an efficient and automated manner, in order to properly monitor and oversee the many fund service providers.
• Communicate regularly with the administrators, custodians, prime brokers, auditors and tax service providers of our sponsored funds, to try to ensure the successful completion of fund-related deliverables, mitigate risk and achieve best practices.
• Develop checks, procedures, and calendars of deliverables, and collaborate with internal and external teams to enhance processes related to the ongoing operations of the Arrowstreet sponsored funds.
• Contribute to projects and automation initiatives to enhance the fund operations and fund governance processes.
• Assist in developing business requirements and collaborate with internal teams to institute new tools, systems, and reporting capabilities.
• Identify and propose best practices for existing controls and checks.
• Collaborate with members of other internal teams, including client relationship management (CRM), portfolio management and investment services, legal and compliance, and finance, to successfully complete deliverables.
• Contribute to the enhancement of workflows and hand-offs across teams to improve group procedures.

Qualifications

• Bachelor's degree or relevant work experience; Bachelor's degree in Accounting or Finance is preferred
• Approximately 3-7 years in the financial services or asset management industry, with preferred backgrounds in Fund Administration, Fund Operations, or Investor Reporting
• Possesses a strong operational and accounting background with a demonstrated focus on procedures and continuous process improvement.
• Self-motivated and able to work under tight deadlines
• Strong interest in operational details and workflow design
• Possesses strong problem solving and critical thinking skills, with demonstrated ability to productively collaborate across teams to complete deliverables
• Strong technical proficiency with Microsoft Excel

Our Ideal Candidate

• Has experience working with both internal and external stakeholders.
• Prior SQL experience is a plus.
• Demonstrates the ability to work on assignments and projects with minimal supervision while proactively providing updates, facilitating reviews of progress and delivering to deadlines
• Analytical and structured thinking, with a keen interest in how things work
• Thrives in a fast-paced environment and is able to work dynamically on multiple tasks while seeing each through to resolution
• Ability to clearly articulate data-related matters and follow through to resolution.

We maintain a friendly, team-oriented environment and place a high value on professionalism, attitude and initiative.