Head of Operations - Wealth Management Head of Operations - Wealth Management …

Robert Half - US
in New York, NY
Permanent, Full time
Last application, 19 Oct 21
$180-200k base plus discretionary bonus, dependent on experience
Robert Half - US
in New York, NY
Permanent, Full time
Last application, 19 Oct 21
$180-200k base plus discretionary bonus, dependent on experience
Posted by:
Trishan Khareghat • Financial Services Recruitment
Posted by:
Trishan Khareghat
Financial Services Recruitment
Robert Half Financial Services are hiring for a Head of Operations role within a Registered Investment Advisor (RIA) based in midtown Manhattan, New York. Our client requires at least 10+ years’ of operations or client services experience at an RIA, wealth manager, private banking or custodian firm. You must also have managed a team and hold active FINRA Series 7, 24, and 63 or 65 Licenses. Knowledge of Addepar is highly desired. This role is initially fully remote however will eventually require 3 days per week in the office.

This Head of Operations role reports into the Chief Operating Officer and manages 15+ people in Operations and Client Services across the US. You would lead the day-to-day management of the company’s operational procedures, investment operations, and proprietary fund offerings, while continually improving their effectiveness and efficiency of the front-to-back systems and operational processes across the firm.

Responsibilities:

  • Client onboarding and offboarding
  • Onboard new investment strategies, including Separate Accounts and LP managers
  • Support client advisory teams with regular client portfolio monitoring, rebalancing, related trading and money movement activity
  • Manage the Limited Partnership subscription, redemption and capital call activities, both for third-party and proprietary private fund offerings
  • Manage the communication of cash flows and tax-loss harvesting requests to external separate account fund managers
  • Support the quarterly client billing process
  • Ensure policies, processes and procedures are adequate and properly documented
  • Document and implement internal controls to be reviewed during regulatory reviews and audits
  • Production and preparation of various management and compliance reports (From ADV, etc.)
  • Evaluate the efficiencies of operational processes, re-engineer and apply improvements as necessary
  • Effectively manage the relationships/agreements with Custodians and other operational partners and vendors
  • Develop, refine and monitor key Control and Key Performance indicators for the operation
  • Operational oversight of 15+ operations and Client Service Associates across the US
  • Ensure Advisors and Client Sales Associates are adequately trained on key systems of the firm
  • Liaise with leadership to develop and set strategic goals for operational activities
  • Help onboard new teams of Advisors as the firm grows

Requirements:

  • 10+ years’ of operations or client services experience at an RIA, wealth manager, private banking or custodian firm
  • Must hold active FINRA Series 7, 24, and 63 or 65 Licenses
  • Knowledge of Addepar is highly desirable
  • Experience managing a team across Operations or Client Services
  • Experience working with private, high net-worth clients
  • Bachelor’s Degree in Business, Finance, Economics, Engineering or related field

This Head of Operations role is based out of the midtown Manhattan New York office so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is flexible dependent on experience, but the initial range is $180-200k base plus discretionary bonus. If your profile matches the above criteria, please contact me on **trishan.khareghat@roberthalf.com**

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