Director, Private Wealth Operations

Ellevest

Company Type
Industry
Responsibilities
Experience
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 About This Position

Reporting directly to our Chief Technology Officer, the Private Wealth Operations Director will be responsible for managing all aspects of operations and finance in relation to Ellevest’s private wealth management platform.

Responsibilities

You will:

  • Partner with Financial Advisors & client services team to onboard new clients, including setting up new clients on the Schwab Institutional platform and Black Diamond performance reporting system
  • Collaborate with Investment managers to ensure that all client positions and transactions, including Alternatives, are reflected appropriately in Black Diamond
  • Work closely with the Compliance team to ensure that the firm’s operational risks are identified and procedures are in compliance with the relevant regulations. Support the Compliance team during regulatory examinations. Stay abreast of changes or service offerings and work to mitigate operational risks
  • Monitor trades placed by the Investment managers to ensure compliance with the clients’ Investment Plan, ensuring that any restrictions are properly accounted for
  • Maintain an accurate schedule of capital calls, interest payments, distributions and other transactions
  • Bill clients accurately in a timely fashion
  • Work with Investment managers to develop valuation procedures for Alternative investments; ensure that the valuation procedures are followed
  • Monitor execution quality for equity and fixed income trades; Report on best execution to the firm’s governance committees
  • Conduct initial and ongoing operational due diligence of service providers, fund managers, fund administrators, and other vendors
  • Generate data, support and/or implement regulatory filings
  • Produce reports about various aspects of the Private Wealth business
  • Drive special projects involving new technology, process improvement or recommended changes to uses of current technology

Requirements

You have:

    • 5+ years dedicated experience in operations within an RIA, private equity, fund-of-funds or hedge fund
    • Bachelor’s degree or higher in Accounting, Finance, Economics, or a related field
    • Experience working with Schwab Advisor Center, Black Diamond, and Salesforce Financial Services Cloud preferred
    • Proven ability to work effectively with colleagues at all levels and external stakeholders to achieve what is best for the client
    • Demonstrated success working with administrative third parties to run advisor and fund operations
    • Experience in valuation, cash position, daily cash flow, client reporting
    • Proven analytical, mathematical, and investigative skills, with experience using data to drive strategic recommendations.
    • Highly organized with a strong attention to detail and excellent project management skills.
    • Excellent interpersonal, verbal and written communication skills
    • Adapt to a fast-paced and dynamic work environment. This includes working independently and on a team.
    • A real passion for our women-oriented mission

About Ellevest

Ellevest is a transformative technology company created to help women achieve their financial potential. Ellevest helps women take control of their financial futures through investing, with a beautifully designed digital platform backed by an incredibly smart algorithm. Ellevest was co-founded by Wall Street veteran Sallie Krawcheck, chair of the Ellevate Network, previously CEO of Smith Barney and Merrill Lynch Wealth Management, formerly CFO of Citi, and author of “Own It: The Power of Women at Work.”Ellevest has raised over $44MM from investors like Rethink Impact, Khosla Ventures, Morningstar, and Venus Williams.

Ellevest has flipped the traditional approach to investing with a real-life, goal-based approach. Clients select personal financial goals such as buying a home, starting a business, raising a family, and retiring well, among others. Ellevest is unique in taking into account women’s longer lifespans and different salary curves, combined with her  current financial picture, to construct highly customized investment portfolios for each of her goals. Ellevest’s unique algorithms are designed to get the client to her goal number or better in 70% of market scenarios, higher than traditional financial advisors.

Working at Ellevest

Ellevest is a leading tech company in New York City, with a thriving team across our engineering, product, marketing, client experience, investments, and operations organizations. We place a major emphasis on building a team and working environment where individuals can succeed professionally and personally. As a team member at Ellevest, you can expect to make a difference through your work, to have a direct impact on the achievement of a very meaningful mission, to significantly advance your career trajectory, and to have room for fun and fulfillment in your daily life. We know that achieving a mission as critical as ours requires incredible talent and teamwork, and team is the most important thing to us.

In 2018, Ellevest was awarded a spot on CNBC’s Disruptor 50 list -- “identifying start-ups on the cutting edge of huge consumer, tech and business shifts”. In 2017, Ellevest was named one of Entrepreneur Magazine’s 100 Brilliant Ideas, and CNBC listed Ellevest as one of their Top 25 Most Promising Startups on a path to becoming tomorrow’s household names. We were also named one of Entrepreneur Magazine’s 100 Brilliant Ideas. We are working every day to make this a reality, and create a brand and a service that closes the female money gap.

Some Benefits of Working at Ellevest

  • Work with a highly dedicated, talented team
  • Flexible Schedule
  • Beautiful Office in Flatiron
  • Health, vision, and dental insurance
  • Parental leave policy
  • Retirement savings plan (401k)

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Note: Instead of a cover letter, we ask you to answer the three questions at the bottom of this application.

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Confirmed 6 days ago. Posted 30+ days ago.

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