Analyst, Business Operations

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 S