Trade Management Reconciliation Services Analyst/ Sr. Analyst

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 lifecycle—including confirmation, settlement, discrepancy resolution, and new account onboarding—for 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

• Bachelor’s degree in Finance, Accounting, or a related field preferred.

• 1–2 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 $70,000-$90,000 and the salary range for the role in New York is $70,000-$90,000. 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 employee’s 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 bargainin