Analyst - Proprietary Funds Business

Company: EDWARD JONES
Location: Saint Charles
Posted on: May 4, 2022

Job Description:

At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.

In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.The Proprietary Funds Valuation & Execution team is responsible for overseeing and executing the daily functions of the Bridge Builder Mutual Funds and Edward Jones Money Market Fund, as well as provide meaningful contributions to the evolution of features and benefits to improve the funds experience and deliver value to our clients. As a member of the team, you will be interacting with multiple asset management teams and service providers in the industry, as well as stakeholder across Edward Jones.
Responsibilities include -

• Perform daily pricing and valuation activities and processes for affiliated mutual funds:
  • Provide manual price instruction for required portfolio holdings;
  • investigate price changes that exceed specified tolerance levels;
  • work with price vendors fund advisers and third-party brokers to confirm and challenge valuations and resolve pricing issues as they arise;
  • escalate pricing issues as needed; Develop valuation models based on market data and security/issue comparables and provide valuation recommendations, as needed
  • Design and perform price back-testing and price confirmation based on portfolio transactions and market data; Design and conduct ongoing risk and materiality analysis of fund holdings
  • Design, build and prepare management reports related to pricing and valuation for affiliated mutual funds: monthly reports for valuation committee; quarterly reports for fund board
  • Perform daily investment restriction monitoring to ensure that affiliated mutual funds are in compliance with the Investment Company Act of 1940, the fund's prospectus, and the investment mandates; Research exception reports and resolve issues in partnership with portfolio managers, compliance and external partners
    • Bachelor's degree in accounting, finance, economics, mathematics or related field
    • Securities licenses Series 7 and Series 66 required within 6 months of hire
    • Three years of related experience
    • Experience and knowledge of investment management data and / or technology, including security reference data, pricing and valuation processes and trading data
    • Knowledge of Investment Company Act of 1940 is a plus, as well as knowledge of mutual fund prospectus rules
    • Experience with an asset manager or asset management services firm and utilizing investment compliance monitoring or trading tools is a plus
    • Experience and knowledge of market data applications, including Bloomberg, IDC Vantage and Charles River
      • 2021 FORTUNE 100 Best Companies to Work For - By Great Place to Work - and FORTUNE Magazine - Edward Jones was named No. 20 on the list.
        • From FORTUNE -2021 FORTUNE Media IP Limited. All rights reserved. Used under license. FORTUNE and FORTUNE 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Edward Jones Investments.
        • 2021 Corporate Equality Index - Edward Jones joins the ranks of 767 major U.S. businesses that received top marks in the Foundation's 19th annual scorecard on LGBTQ workplace equality.
          • From The Human Rights Campaign. All Rights Reserved
          • 2021 Training Top 100 list - Edward Jones ranked No. 19, up six spots from last year in its 21st consecutive year on this prestigious list.
          • J.D. Power, 2021 - Edward Jones has ranked "highest in Employee Advisor Satisfaction among Financial Investment Firms" in the J.D. Power 2021 U.S. Financial Advisor Satisfaction Study.
            • Edward Jones received the highest score among employee advisors in the J.D. Power 2007,2008, 2010, 2012-2015, 2017-2021 Financial Advisor Satisfaction Studies of employee advisors' satisfaction among those who are employed by an investment services firm. Visit jdpower.com/awards for more information.Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:
              Salary: $65656 - $108268
              Category: Headquarters

Keywords: EDWARD JONES, Saint Charles , Analyst - Proprietary Funds Business, Professions , Saint Charles, Missouri