Investment Administrative Associate

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments.  We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.

The Investment Administrative Associate supports the daily administrative, cash management, and security processing of JCM’s accounts within the Operations team.  The role is integral in assisting the Senior Traders with onboarding of new accounts, processing distribution and deposit requests, and cash and security restrictions.  Client service with both internal and external constituents is also a key role of the position.

What you are good at:

• Initiative - Proactively utilizing available technology and tools to support efficient and effective time management; Able to assist inquirers with information needed; Takes initiative and ownership in all aspects of position.

• Detail Oriented & Driven – Thorough and pay rigorous attention to all details; able to manage multiple high-touch projects simultaneously with precision and accuracy.

Responsibilities:

• Process morning excess and negative cash sweeps of JCM accounts.
• Clears daily base sleeve cash into JCM strategy sleeves.
• Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions and any other exceptions.
• Maintain the cash management database for new and changing cash restrictions on client accounts.
• Input cash distribution requests into the trading system and coordinate cash raises with Senior Trader of ETF, mutual fund, and equity positions.
• Coordinate bond liquidations for terminated accounts and distribution requests with Fixed Income Team and PCG Advisory Trading desk.
• Assists with the onboarding of new accounts which includes the review of SMART contracts for proper account set-up and strategy selection, journaling of model positions to appropriate managed sleeves, setting up security and cash restrictions on account, and liquidation of non-model holdings.
• Run daily reports within trading system that are used for morning cash sweep processes.
• Review high cash heatmap on the trading system and generate daily high cash report for accounts that received dividends and cash deposits for reinvestment.
• Generate daily negative cash report.
• Generate daily minimum cash report for accounts that maintain minimum cash restrictions.
• Generate daily base sleeve transaction report for review and processing of security deposits in accounts.
• Coordinate DVP trade confirmations with external custodians for timely trade settlement.
• Work with Trader to assist in developing skills and knowledge base.

What you have:

• Bachelor’s Degree or equivalent experience in investment management and operations.
• Minimum of 3 years’ experience in an operational role in the investment management industry.
• Experience with financial industry accounting and trading systems (Indata, Thomson Beta, Vestmark, Fiserv/APL, Bloomberg).
• Technically proficient in Microsoft Office Applications.

Why work for us?

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee’s life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Paternal Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus and Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future.  Explore further.

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments.  We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm. Attracting, hiring, and retaining diverse talent is a priority for the firm.   We succeed because of the people who choose to work here; the depth of their skills, experiences, diversity of thoughts and backgrounds. 

Fostering a positive workplace experience remains a top priority. We’ve earned the Great Place to Work® certification, which recognizes employers that create an outstanding employee experience. Based entirely on what current employees say about their experience working at Janney, this prestigious recognition underscores our commitment to our people and culture.

People are our strongest asset. We recognize that when our team members thrive, our firm is more successful.

Janney is dedicated to promoting and supporting diversity within our workplace.  We provide an environment that promotes respect, integrity, teamwork, achievement, and acceptance regardless of age, disability, education, gender, gender expression, gender identity, job level, marital status, military status, national origin, parental status, pregnancy, race, religion, sexual orientation, socioeconomic status, or other protected factors. Janney is committed to equal employment opportunities and providing reasonable accommodations to applicants with physical and/or mental disabilities.

Janney is dedicated to promoting and supporting diversity within our workplace.  We provide an environment that promotes respect, integrity, teamwork, achievement and acceptance regardless of age, disability, education, gender, gender expression, gender identity, job level, marital status, military status, national origin, parental status, pregnancy, race, religion, sexual orientation, socioeconomic status, or other protected factors. Janney is committed to equal employment opportunities and providing reasonable accommodations to applicants with physical and/or mental disabilities.