The Portfolio Onboarding team supports the Investment Division by managing initial setup and ongoing account maintenance of external money manager relationships, internal direct investing strategies, new product launches, and 3rd party assignments. This position will require an individual to work within a team responsible for both contracting and operational functions.
In this capacity, the individual will help to ensure that proper and prudent risk control measures, policies, and procedures are developed, documented, and implemented to effectively manage business risk and maximize organizational efficiency.
The individual in this position will be responsible for the following:
Money manager contracting & onboarding :
Act as a liaison for internal legal counsel to establish and maintain investment management agreements (IMAs) between Russell Investments and money managers.
Determine contract requirements specific to each money manager hire/fire/change event.
Follow existing protocols regarding documentation storage and retention while also working to maintain and improve existing procedures.
Gain exposure to the end-to-end process for manager changes from governance approval to signed contract receipt to operational set up to ensure operational readiness.
Work with Russell Investments’ portfolio managers and external money managers to draft appropriate content for investment guidelines.
Assist with ad-hoc queries related to regulatory requirements impacting money managers (e.g. MiFID, Dodd Frank, EMIR).
Ability to evaluate issues relating to money managers and work with functional business representatives to facilitate resolution and/or review of legal issues with appropriate attorneys.
Coordinate projects and activities with the Portfolio Onboarding Leads, Legal, Compliance, Trading, and Operations as appropriate.
The successful candidate will have extensive demonstrable skills and experiences including the following
Bachelor's degree in finance, economics, or business administration
At least 3 years’ experience at a financial services institution
Understanding of securities, mutual funds, and corporate legal concepts
Familiarity with industry regulations and legal processes
Experience in a corporate legal department, law firm, or industry-related position with financial services experience preferred
Paralegal experience a plus but not required
Strong attention to detail-oriented
Excellent communication skills, understanding how to tailor communication style to the situation at hand
Prompt resolution of issues when they are identified
Ability to explore the cause of ongoing problems and propose lasting solutions
Individual contributor and strong team-player in a fast-paced environment with the ability to prioritize and complete multiple assignments under short deadlines
Willingness and flexibility to work non-standard schedules and holidays associated with providing support across global markets
Ability to quickly and readily adapt to change and embrace new opportunities
Familiarity with custodian, broker, and money manager operations
Solid understanding of the securities/fund industry as well as investment concepts and strategies
Intellectual curiosity to perform a “deep-dive” into new subject material