Fixed Income Operational Risk Manager


Company:: Wellington Management Company, LLP
Location:: Boston, MA
Job Type:: Full Time
Category:: Capital Markets


Posted:: 2/12/2013

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Job Description

Position Description:

Company
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world's largest independent investment management firms. With US$719 billion in assets under management as of 31 March 2012, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 50 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. We welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.

Position
Wellington Management Company LLC, manages over $350 billion in fixed income assets for 675+ clients globally across over 50 investment strategies. We need to consistently improve our operational capabilities to scale the effort and successfully meet the investment expectations of our clients. As a result, we are creating a new role of Fixed Income Operational Risk Manager to improve our implementation of fixed income mandates;, identify ongoing opportunities for improvement in technology, tracking and processes; share best practices across the group; and reduce the frequency and magnitude of errors in client accounts.

Job Description
As a member of the Fixed Income leadership team, the operational risk manager will work across the Fixed Income group to evolve and enhance operational processes and minimize associated risks. The individual will provide an important leadership role for our operational risk management effort and work closely with fixed income investment teams and others around the firm.

Specific areas of responsibility will include:
•Developing a dashboard and accompanying reports to monitor fixed income portfolios for inefficiencies, dispersion, and errors, and work with investment teams to enhance risk monitoring tools and portfolio execution.
•Reviewing current operational practices across investment teams and identifying process and technology improvements in the implementation of fixed income mandates.
•Participating in and supporting the successful execution of complex new client fundings
•Serving as a thought partner in identifying operational improvements across the Portfolio Analyst group

Qualifications
The successful candidate will have the following qualifications:

•Substantial fixed income investment experience and knowledge of the fixed income markets and instruments
•Detailed understanding of portfolio management, derivatives, foreign exchange, middle-office and back-office processing
•Strong process management orientation
•Ability to think strategically while also focusing on the details
•Sound business judgment and discretion
•Excellent written, oral and interpersonal communication skills
•Creativity, thoroughness, attention to detail and leadership ability
•High energy and the ability to work with others
•Excellent quantitative skills and knowledge of statistical methods

In addition, strong working knowledge of the systems development process and experience working with developers is extremely useful.

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