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Analyst - Proprietary Funds Business - US Remote Eligible

Location: Dupo
Posted on: November 22, 2021

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 14,000+ branch offices where our more than 7 million clients live and work.

A typical branch office has one financial advisor who meets with clients face-to-face and one branch office administrator who enhances the team's ability to build deep relationships with clients. Headquarters associates in St. Louis and Tempe provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. Edward Jones currently has more branch offices than any other financial services firm, and 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
        • FORTUNE 2020 -- Edward Jones was named No. 7 on the 2020 FORTUNE 100 Best Companies to Work For-- list.
          • From FORTUNE --2020 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.
          • Edward Jones Ranked No. 6 of the 100 best workplaces for millennials by Great Place to Work and FORTUNE Magazine.
          • 2020 Corporate Equality Index -- Edward Jones joins the ranks of 680 major U.S businesses that received top marks in the HRC Foundations 18th Annual Scorecard on LBGTQ Workplace Equality
          • Edward Jones named a top company for training, ranking No. 25 on Training magazine's 2020 Training Top 125 list -- the highest ranking among the financial-services industry!
          • Financial services firm Edward Jones has been named one of the 2019 Best Workplaces for Parents by Great Place to Work and FORTUNE magazine. The firm ranked No. 5 on the list of 50 companies, up two spots from last year.
            • The Best Workplaces for Parents list is one of a series of rankings by Great Place to Work and FORTUNE based on employee feedback from Great Place to Work-Certified-- organizations. Edward Jones ranked No. 7 on the FORTUNE 100 Best Companies to Work for in 2019 list, the firm--s 20th appearance on the list. The firm also was ranked the No. 1 Best Workplace in Financial Services & Insurance and the No. 6 Best Workplace for Millennials by Great Place to Work and FORTUNE. 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, Springfield , Analyst - Proprietary Funds Business - US Remote Eligible, Professions , Dupo, Illinois

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