Global Operational Risk Management Associate

AllianceBernstein
Published
July 14, 2019
Location
San Antonio, TX
Job Type

Description

AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

OPS Group Description

The Global Operational Risk Management Department is responsible for the prevention, detection, and investigation of any potential or actual activity that may be in violation of the policies and procedures established to ensure compliance with external regulations and internal requirements. In addition, the department conducts global monitoring and training activities that prevent, detect and mitigate regulatory and reputational risk. The advice coupled with the monitoring and training activities provide the framework to support the firm’s business strategy and objectives while maintaining a high standard for integrity.

OPS Job Description

We are seeking a San Antonio based GORM Associate to join our Global Operational Risk Management Department.

Describe The Role

The purpose of this job is to analyze critical data to detect processing errors, prospectus violations, breaches in internal controls, and potential regulatory and legal violations. This job is accomplished by following detailed, written procedures to perform a daily review of a variety of financial and non-financial transactions compiled on a database or obtained via the Automated Work Distributor (AWD). In researching these items, the GORM Associate may need to access the supporting history of the transaction by accessing AB’s main system, TA2000

Describe the applications and business or enterprise functions the role supports:
This job is accomplished by following detailed, written procedures and applying professional judgment to perform a daily review of a variety of account transaction activity compiled on a database or obtained via the Automated Work Distributor (AWD) to determine violations of procedures, prospectus stipulations, or government regulations.

AllianceBernstein is an equal opportunity employer. We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.

Responsibilities

  • Analyzes critical data to detect processing errors, prospectus violations, breaches in internal controls, and potential regulatory and legal violations
  • Monitor Private Wealth electronic correspondence for policy violations and escalate as needed
  • Reviews transactions to ensure legal/prospectus requirements are properly satisfied
  • Notifies GORM Team Leader of ABIS operational inquiries or basic procedural questions
  • Escalates significant research findings/concerns to Team Leader or Manager to obtain instructions on how to proceed
  • With guidance of Team Leader or Manager, researches potential incorrect/improper transactions using TA2000 lookup and AWD source and work objects.
  • Documents results/outcomes, supervisory instructions, exception processing, or other miscellaneous comments on AWD or on hardcopy reports
  • Updates spreadsheet with various GORM statistics. Assists management in researching abnormalities in statistical data
  • Perform other duties as assigned.

What makes this role unique or interesting?
Individuals with a background in criminal justice, law enforcement, fraud detection, or compliance would find this position interesting and view it as an opportunity to advance their experience in their designated fields.

What is the professional development value of this role?
GORM Associate has the opportunity to learn about compliance with specialized training in areas such as Anti-Money Laundering, Excessive Trading and Short-Term Trading, and Blue-Sky Registrations. The GORM Associate will learn essential pattern detections and database skills that are valuable in several other job functionalities.

Qualifications

  • 1 to 2 years mutual fund operations or financial services experience (within ABIS is preferred)
  • 4-year college degree or equivalent experience
  • Working knowledge of Microsoft Outlook, Word, Excel, and Access

Skills

  • Exceptional verbal and written communication skills
  • Strong problem-solving or analytical/critical thinking skills
  • Attention to detail and ability to multi-task/reprioritize
  • Ability to follow documented procedures and apply sound professional judgment

Company Description

AB is a leading global investment-management and research firm with more than $500 billion in assets under management and a presence in 22 countries, with more than 3,400 employees worldwide. We serve clients ranging from institutions to individuals and private clients, and we offer independent research, portfolio strategy and brokerage-related services tailored to our clients’ unique needs. With forward-looking perspective and expertise in equities, fixed-income, alternatives and multi-asset strategies, more than 500 investment professionals collaborate to share ideas and make connections across disciplines, geographies, asset classes and sectors. These collective insights drive innovation and better solutions, helping us keep our clients AHEAD OF TOMORROW®.

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