Head of Client Contracts & Distribution Support (Wantagh)

  • Wantagh, NY

Compensation

: $165,260.00 - $165,260.00 /year *

Employment Type

: Full-Time

Industry

: Accounting



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Invesco is one of the worlds leading global investment managers, entrusted with managing $1.2 trillion* in assets on behalf of clients worldwide. We are the 6th largest US retail asset manager and the 13th largest investment manager globally, and our more than 8,000 employees worldwide are dedicated to delivering an investment experience that helps people get more out of life. We are purely focused on managing a comprehensive range of active, passive and alternative investment capabilities, which we draw on to provide customized solutions aligned to client needs, our most important benchmark. (*As of May 31,2019) Job Purpose: We are seeking a dynamic and motivated leader with asset management/distribution expertise to join our Distribution Client Services (\"DCS\") team. The DCS team is committed to delivering a holistic, best-in-class client experience across all distribution platforms. You will report directly to the Head of Distribution Client Services and oversee all Financial Intermediary Agreements and revenue sharing agreements within the Wealth Management Intermediary line of business. As a player-coach, you will also lead a team with oversight for all Invesco client agreements. The role will also assist the Head of DCS with strategic projects and overall process improvements. Responsibilities & Deliverables: Manage and provide guidance to a team of individuals managing the contract process across Retail Mutual Funds, V.I. Funds Separately Managed Accounts, Offshore, and ETFs Oversee Sarbanes Oxley (SOX) process controls for execution of financial support agreements Partner with Wealth Management teams to facilitate & manage client requests Collaborate with Distribution and FP&A (Financial Planning & Analysis) to evaluate profitability and recommend action to better align resources with business opportunities. Interface directly with financial intermediaries and internal stakeholders regarding marketing support, 12b1, sub-accounting, V.I. Administration and invoice payments Evaluate proposed changes to existing contracts or consideration of new financial support arrangements, determine impact, and present recommendations to leadership Understand detailed terms in agreements and promptly communicate changes to FP&A to facilitate intermediary payments Educate business partners and sales team on legal and business issues which may impact negotiations of pending contracts Establish, review, and maintain process controls ensuring that Invesco Distributors Inc. (IDI) is SOX compliant in Invesco Distributors agreement and financial support processes Responsible for oversight of Internal, SEC, FINRA and/or SOX audits of dealer service agreements and revenue sharing terms Partner closely with FP&A to understand annual marketing support budget and communicate updates to internal customers Support multiple lines including: Retail Mutual Funds, V.I. Funds, Institutional Cash, Separately Managed Accounts, Offshore, and ETFs Manage a team, and be responsible for evaluating team members performance, coaching and development, and recruitment as needed Assist Head of DCS on special projects as needed Review and make recommendations to streamline processes and meet business objectives while minimizing legal liability of Invesco Oversee the broker due diligence process Work with internal business partners on operational items impacting or required of IDI to ensure accountability towards timely and complete attainment of deliverables Key Requirements: Undergraduate degree 5-8 years related work experience in financial services industry Management and contract experience required Strong Microsoft Office skills Strong ability to extract and analyze complex data relating to financial and business issues Ability to work in a fast-paced environment with changing priorities Detail oriented, good administrative skills, and well organized Comfort and familiarity with financial data and calculations Sound relationship management skills and ability to work with employees at various levels A current understanding (or strong desire to learn) of capital markets, mutual funds, ETFs, other investment solutions, and impact of economic factors Strong work ethic, high integrity and strong values Principal license S26 or S24 strongly preferred FLSA (US Only): Exempt The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time. Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment. Our aspiration is for our workforce to continually reflect the diversity of people and perspectives in todays evolving society, which we believe is fundamental to our efforts to help our clients and employees get more out of life. Invesco is an Equal Opportunity Employer. We are committed to equal employment opportunity for all job applicants and employees. No job applicant or employee will be discriminated against because of race, religion, color, sex, sexual orientation, gender, sexual/gender identity, age, disability, pregnancy, national origin, military or veteran status, or any other characteristic protected by applicable law. If you have a disability under the Americans with Disabilities Act or similar law, and you wish to discuss potential accommodations related to applying for employment at Invesco, please contact us at ...@invesco.com. Please include the location and title of the job opening. Invesco is aware of the existence of fraudulent schemes where individuals represent themselves as recruiters and solicit candidates for employment via email or text message. These candidates may be asked to provide copies of personal identification and payment in order to process their application. These communications are fraudulent and do not originate from Invesco. Invesco does not ask for payment at any time during our employment process. We recommend that you do not disclose your personal or financial information to anyone you do not know. We and third parties use cookies and similar technologies on this website to improve your online experience, analyse our traffic and provide you with personalized information. By clicking I accept below or continuing to browse this website, you consent to the use of cookies and similar technologies. Find out more about the use of cookies and similar technologies, and how to manage your cookie settings.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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