Job Description:
SLC Management is a global institutional asset manager that provides innovative and diversified solutions to meet our clients’ evolving needs. Our history of organic and strategic growth reflects this commitment with over CA$347 / US$274 billion (as of December 31, 2021) in assets under management. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. We are a performance-driven organization and live by a set of core values that put our clients’ needs and goals first. As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a collaborative, inclusive environment, focused on growth and opportunity, where you will be encouraged and empowered to meet the challenges of a highly competitive landscape.
We are looking for talented professionals at all stages of their financial careers: those who are ready to learn, those who are ready to innovate, and those who are ready to lead.
Visit us at https://www.slcmanagement.com/inv
About the role:
Private Fixed Income Operations is a department within the Investment Services and Operations Group at SLC Management that is responsible for the administration and reporting of all non-public investments and loans to corporations situated in various locations globally. The investment portfolio of approximately $45 billion includes Private Debt, Project Finance, Private Securitizations, Mid-Market and Private Equity.
The Senior Director role is on a team responsible for the administration and support of the Private Fixed Income Portfolio. Specifically, the team is responsible for the funding, income collection, account reconciliation, cash management, system processing, safekeeping, management and client reporting of the Global Private Fixed Income portfolio.
The successful applicant will manage an operations team that services our Canadian, US, UK and third party portfolios residing on the systems Enterprise!, Aladdin and PAM. The individual will provide support to ensure accurate asset set up, maintenance and client reporting. They will also oversee transactions and funds in several different currencies (including CAD, USD, GBP, EUR, AUS, NOK) and will deal directly with custodians and external brokers for assets held and settled through a custodian.
The role will require the candidate to interact on a daily basis with the following groups: PFI Front Office, Portfolio Management, Cash Management, Derivatives, Custodians, Banks, Borrowers/Paying Agents and Accounting.
The successful candidate will also participate in business system upgrades, projects and other new initiatives as required and actively contribute in process improvement initiatives through the Brighter Way framework.
What you will do
Lead a team of individuals responsible for the administration of the private placement portfolio. Provide coaching, leadership and development opportunities to the team.
Manage all stakeholder relationships and expectations including being the primary liaison with the front and middle office teams to ensure their requirements are met on new and existing deals and all issues are resolved in timely manner.
Responsible for the management of the day-to-day administrative operation to ensure quality and timely service to clients.
Identify and lead process improvement changes within the administrative activities that supports a strong control environment.
Participates in determining proper accounting treatment of complex and unusual transactions.
Responsible for the management of the impaired and non-performing portfolio. This includes restructures, write-ups/downs, credit related payment and expense processing and overall reporting for these assets.
Recommends and develops innovative solutions to operational problems that help streamline activities and improve team efficiency.
Interact with internal and external auditors as well as internal controls to ensure compliance with regulatory requirements and SOX processes.
What you will need to succeed
Develops creative client-centred solutions, multiple alternatives and approaches.
Visibly supports new ideas and leads others to seek new and better ways to solve problems
Incorporates technology into the development of solutions that improve programs and practices.
Uses technology and analytic skills to turn data into actionable insights.
Uses business and industry acumen to guide decisions and own work.
Leverages quantitative and qualitative information to guide actions of self and others.
Evaluates advantages/disadvantages, along with industry and market trends, when making recommendations and decisions.
Assesses complex issues from multiple angles to get the complete picture.
Communicates confidently to a wide variety of audiences at all organizational levels.
Understands how to accomplish things within the organization’s culture and builds a variety of networks to support performance.
Navigates effectively through challenges and involves others to solve problems and achieve goals.
Consistently recruits highly qualified people to the organization
Develops others through coaching, feedback and stretch assignments.
Champions decisions of the team, seeks out and incorporates diverse perspectives.
Demonstrates ownership for outcomes and uses positive influence to achieve the right results.
Delegates assignments and decisions appropriately.
Demonstrates perseverance in delivering work and solving problems; recognizes when an 80% solution will work.
Effectively communicates to others how accountabilities and desired outcomes are aligned to broader organizational goals.
Addresses process breakdowns quickly, identifies the source of problem, and develops solutions that eliminate wasted effort and inefficiencies across teams.
Is aware of own impact on others and adjusts when needed, through practicing and applying new knowledge and skills.
Raises difficult issues to encourage discussion, contributes to solutions and incorporates lessons learned into future actions.
Able to solve problems that don’t have clear solutions or outcomes.
Adapts or shifts priorities in response to a change in circumstances.
Preferred Skills:
Experience using PAM for securities/Aladdin/Enterprise/Precision LM/MarkIT EDM a strong plus
Professional accounting/finance designation(CPA/CFA)
4-6 years industry or Financial Services experience
Background in audit (internal or external), SOX testing
Strong understanding of risk management principles and regulatory compliance
Unique Requirements:
Certain days during the month/year may not be eligible for vacation days, specifically around month-end, quarter-end and yearend.
Perform operations functions during US & CAD holidays
Requirement to commute to the Waterloo office 3 days per week
What’s in it for you?
A friendly, collaborative, and inclusive culture
The opportunity to move along a variety of career paths with amazing networking potential
Access to our Global Learning Centre, available 24/7 for your learning needs
COVID 19
SLC operates a hybrid work environment with the expectation that employees work both in the office and remotely on a regular basis. To protect the health and safety of our people, clients and communities, SLC employees must be fully vaccinated against COVID-19 to work in our offices or have a legally recognized exemption. SLC is committed to providing reasonable accommodation to work requirements where required pursuant to applicable human rights legislation.
Please note: All employees of SLC Management and its affiliates are committed to fair dealings and integrity in the conduct of our business. As part of that commitment, all employees are considered Access Persons under our Code of Ethics. An Access Person is someone who may have access to nonpublic information regarding Clients’ purchase or sale of securities, who is involved in making securities recommendations, or who has access to such recommendations that are nonpublic. Upon joining employees are required to follow compliance procedures, which include the disclosure of personal investment accounts, the reportable holdings in those accounts and gain pre-clearance on personal trades.
The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.
Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.
Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [email protected].
At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.
Sun Life is committed to the health and safety of all those in our workplaces and our communities. In accordance with Sun Life’s Vaccination Policy (Canada):
Employees permitted to work remotely are required to be fully vaccinated against COVID-19 in order to attend a Sun Life office, Financial Centre or offsite location where activity related to Sun Life business occurs.
Employees whose job duties require them to attend a Sun Life office, Financial Centre or offsite location for Sun Life business must be fully vaccinated against COVID-19 effective May 1st.
Employees whose regular workplace is a Financial Centre and SLFD field leaders must be fully vaccinated against COVID-19 or participate in Sun Life’s Rapid Screening Program to attend a Financial Centre or an offsite event.
We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.
Salary Range:
95,200/95 200 – 155,500/155 500
Job Category:
Finance
Posting End Date:
02/06/2022
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