Job Information
Ameriprise Financial Group Lead-Fund Accounting Oversight in Noida, India
About Our Company
Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection.
Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.
Job Description
The Oversight Manager will provide oversight for the delivery of fund administration and other related operational services as supplied by the outsourced administrator. This will entail building and managing the relationship with the supplier daily; liaising with the supplier on the provision of the services to ensure the overall service to Columbia Threadneedle not only meets but exceeds requirements; resolving issues escalated to the Oversight Team from the supplier, Columbia Threadneedle business areas or our clients.
In essence, Fund Accounting Oversight provides first line support for operational issues that arise where there are interfaces with the supplier’s processes and support structure. The role will have a particular focus on Fund Administration and the NAV Oversight process and on the supplier which provides these services, however, there is an expectation that focus may change and cover for other areas will be required from time to time.
Role Responsibilities:
Utilize oversight tools to monitor and promote successful supplier performance by:
Ensuring agreed SLA and contractual deliverables are achieved.
Monitoring KPI’s and taking appropriate action where trigger points are crossed.
Completion of periodic onsite process reviews, identifying risks and opportunities for continuous improvements proposing and owning delivery of enhancements as required.
Monitor supplier reports and MI deliverables, ensuring accurate completion of all assigned tasks.
Address and resolve day to day issues as raised by the Columbia Threadneedle business and suppliers, effectively escalating issues that cannot be resolved.
Take responsibility for issues resolution, maintain issues logs, monitor for trends and drive early resolution through attendance at regular internal and external meetings and direct contact with the parties involved.
Liaise with Columbia Threadneedle control functions (Compliance / Risk / Audit / Legal) on individual issue events or general supplier performance issues as required.
Develop an open and effective relationship with key Columbia Threadneedle functions including the Front Office, Middle Office, Distribution and TA Oversight.
Develop an open and effective relationship with Key Columbia Threadneedle Clients where applicable.
Produce reporting as required by management for use in internal and external meetings, Committees and Company Boards.
Provide support to the Change process in the role of SME.
Ensure all Fund Accounting processes are fully documented and regularly reviewed for appropriateness and relevance.
The role may require focusing on specific areas of responsibilities and these areas of focus may change from time to time.
Key Capabilities:
Skills, capabilities, knowledge and experience required to achieve outputs.
Essential:
Good working knowledge of Fund Accounting operations including SICAV’s, ICAV’s, OEIC’s and multiple asset types.
Delivery focused with attention to detail, being able to deliver excellence in a deadline driven environment.
Flexible with the ability to work on a range of items simultaneously and proactively manage and prioritize a significant and often changing workload.
An excellent communicator who can effectively express ideas and requirements both orally and in writing, both formally and informally.
An excellent team player with the ability to form strong cross-functional working relationships both within Columbia Threadneedle and the Supplier.
Quick learner with the ability to pick up new processes and instruments.
Analytical approach to problem solving and ability to identify risk areas
Desirable:
Security pricing and NAV pricing experience
Prior experience of working within an outsourced environment as part of a client or supplier organization
Working Relationships:
External:
Outsourced operational suppliers
Brokers
Industry peers
Custodians
Depositary
Internal:
There is some interaction with most Columbia Threadneedle teams, key areas include:
Other Oversight Teams
Change Team
Control Functions (compliance, risk, audit, legal)
Investments
Client Services
IT
Middle Office
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least three (3) days per week, with flexibility to work from home two (2) days per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Full-Time/Part-Time
Full time
Timings
(2:00p-10:30p)
India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Mutual Fund Operations
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.