AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, Multi-Asset Solutions, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.
Who You'll Work With: The candidate will work within the Fixed Income Risk Management function and will be primarily responsible for implementing the firm's error management and operational risk framework within the Fixed Income Taxable SBU at AB. The candidate will partner with the areas involved to help them document and correct the error, identify the contributing process weaknesses, and agree on improvements to support our firm's program of continuous improvement and risk reduction. The immediate focus of this role is error correction and reporting. There is also significant emphasis on the identification, escalation, mitigation and prevention of further exposures. This position will report to the Director of Fixed Income Risk Management.
What You'll Do: Actively manage the error/incident resolution process objectively and in a timely manner for Fixed Income Taxable business unit which involves:Performing the role of primary error coordinator objectively and in a timely mannerPartner with portfolio managers, associate portfolio managers and Trading to cover market exposure due to trading or client account errorsCommunicating risk events to stakeholders including senior managementPartner with teams across AB to perform error root cause analysisLiaise with Client Servicing group regarding the impact to client accounts and with Fund Administration group regarding the impact to funds and establishing necessary levels of communicationAssist business and risk management with the development of remediation effortsWork with senior risk management professionals to highlight significant areas of concern and required actionCollaborating with the offshore error coordinators to ensure any financial impact is reimbursed in a timely manner and that all risk events are fully documentedCollaborating with the firm-wide error coordinators to develop and share best practicesSupporting the Risk Manager in error trend analysis and other operational risk projects which involves:Collaborating with firm-wide error coordinators to share best practicesIdentifying and monitoring Key Risk IndicatorsLead projects to facilitate the implementation of risk mitigationsAssist in periodic reviews of Risk Maps with business partnersParticipating in, and leading, various working groups and forums focused on managing operational riskStreamline internal reportingJoin Industry ForumsWhat We're Looking For: Bachelor's degree, preferably in finance or economics2-5 years relevant work experience, preferably with operational risk or process managementHighly analytical with a strong attention to detailSuperior communication and interpersonal skills to elicit consensus from senior managers in the firmSelf-starter with the ability to work both independently and in groupsIntermediate level understanding of the financial marketsAdvanced Excel/Powerpoint / Power BI skillsWhat makes this role unique or interesting (if applicable)? This is an exciting opportunity for any person who enjoys process analysis, problem solving and continuous learning. The position provides exposure to all departments within the buy-side business, our multiple Vendors and senior management across the firm. This role works directly with the Investment, Trading and Technology teams, and many other operational business partners who support our account base.
What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate? Excellent opportunity to get a comprehensive view of Portfolio Management and Trading activities in an Investment Management firm, learn and understand how critical processes are performed and optimized, and how they fit together. This role can be a stepping stone for an Operational Risk Manager, Audit position or Associate Portfolio Manager ("APM").
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