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Director, Investment Operations

Director, Investment Operations job! Our Client designs, distributes, issues, administers, and services annuity and related product solutions for individual consumers and institutions worldwide. Our Client is paving the way for industry-leading proprietary technology and system designs, along with third-party platform support for other institutions.

The Director, Investment Operations job's competitive base salary is Negotiable DOE + Bonus and comprehensive benefits including exam sponsorship for CPA/CFA. This Director, Investment Operations job is located in New York City, NY. Apply now for this excellent Director, Investment Operations job by following the instructions at the end of this Job description!

Summary

Our Client, a NYC-based insurance business, is seeking a Director, Investment Operations to own day-to-day investment operations, oversee sub-advisors, and lead cross-functional initiatives supporting the firm's insurance balance sheet.

This role sits at the center of the investment ecosystem. Specifically, it connects front-office execution, middle-office controls, and back-office accounting and reporting.

Reporting to the Head of Investments, with a dotted line to the Controller, this leader will build scalable operational infrastructure, strengthen controls, and ensure data integrity across systems, managers, and custodians. In parallel, the role partners closely with Finance, Risk, and Technology to support a growing platform.

Key Responsibilities

• Investment Operations

  • Oversee trade capture, affirmation/confirmation, and settlement across fixed income, equities, funds, private placements, and derivatives
  • Ensure accurate and timely daily cash positions and P&L reconciliations across sub-advisors, custodians, investment accounting systems, and data warehouses
  • Manage cash and securities movements as directed; additionally, run daily and weekly cash forecasting
  • Coordinate collateral and margin activity to support derivative and liquidity needs
  • Monitor investment guidelines and exposure limits; promptly escalate breaches and track remediation
  • Own corporate actions processing, pricing validation and overrides, and end-of-day close controls
  • Support RBC, ALM, and liquidity reporting by delivering accurate position, valuation, and cash data

• Sub-Advisor Oversight

  • Serve as the primary operational and accounting point of contact for external investment managers
  • Review performance, attribution, mandate compliance, cash activity, and fee invoices
  • Validate sub-advisor fee calculations and ensure timely payment
  • Lead periodic operational due diligence, including:
    • DDQs
    • SOC 1 / Type II reviews
    • Operational risk assessments
  • Drive sub-advisor onboarding and offboarding, including guideline setup and ongoing updates

• Data Integration & Analytics

  • Own investment data flows across:
    • Investment accounting systems (e.g., Clearwater)
    • OMS platforms (e.g., Aladdin)
    • Custodians
    • Enterprise data warehouses
    • Third-party manager reporting
  • Partner with Technology to enhance data models, controls, and reconciliation logic
  • Deliver dashboards and analytics supporting exposure, liquidity, and performance monitoring
  • Automate recurring operational, management, and regulatory reports

• Project Management & Process Improvement

  • Lead system implementations and upgrades across OMS, investment accounting, performance, and data platforms
  • Map, document, and optimize core investment operations processes, including:
    • Close and reconciliation
    • Pricing and valuation
    • Guideline monitoring and controls

Qualifications

Required

• • 6-10 years of experience in investment operations and/or investment accounting within insurance and/or asset management
  • Strong working knowledge of fixed income instruments and derivatives
  • Advanced Excel skills; additionally, experience with SQL and/or BI tools (Power BI, Tableau, Looker) strongly preferred
  • Demonstrated success leading cross-functional initiatives and strengthening operational controls

• Preferred

  • CPA or CFA designation, or progress toward either; FRM a plus
  • STAT and GAAP accounting experience for invested assets
  • Working knowledge of:
    • RBC
    • ALM concepts
    • Liquidity stress testing
    • Performance measurement
  • Prior experience overseeing external sub-advisors

What Success Looks Like

• • Investment operations run accurately, timely, and with strong controls
  • Data flows remain clean, reliable, and consistent across systems, managers, and custodians
  • Sub-advisors operate within mandates and maintain strong operational governance
  • Finance, Risk, and Investments rely confidently on investment data for reporting and decision-making
  • Systems, processes, and controls scale effectively as the investment platform grows

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