Investment Operations Specialist, Vise
$90-120k
+ Equity
3 days a week in office (SoHo, NYC)
AI-driven asset management platform
Open for applications
AI-driven asset management platform
21-100 employees
Open for applications
$90-120k
+ Equity
3 days a week in office (SoHo, NYC)
21-100 employees
Company mission
To close the financial access gap, empowering people to create customized, precise investment strategies that help them reach their goals.
Role
Who you are
- Minimum of two to four years of experience in a financial services operations role
- Experience working in middle and back office operations supporting SMAs for clients of registered investment advisors (RIAs) and/or broker-dealers
- Experience as a Portfolio Administrator and/or Performance Analyst
- Familiar with RIA custodian platforms such as Schwab and Fidelity
- Experience with portfolio accounting and reporting systems, such as Advent Portfolio Exchange (APX) Proficient in Google Workspace, Excel, Word, and PowerPoint tools - Python and SQL a plus
What the job involves
- Vise, a technology driven Investment Advisor is seeking an experienced Investment Operations Specialist to join our Investment Strategy Team. In this role, you will be an indispensable resource at the operational center of the Vise investment process.
- You will apply your financial services experience to learn and understand Vise established internal workflows and offer an entrepreneurial and problem-solving mindset to implement and improve the Vise middle and back office investment processes. This role is onsite in NYC in our SoHo office
- Partner with the Vise Engineering team to automate the daily account reconciliation process and develop in-house performance and attribution reporting capabilities
- Maintain a third party portfolio accounting platform and the daily reconciliation of client account data from the custodian
- Resolve daily account issues at custodians and on the Vise platform
- Calculate performance on a daily basis to ensure that returns are accurate across securities, accounts, and asset classes
- Create performance reports that reflect the Vise investment process
- Work with the Vise Trading team to ensure that all accounts are ready and available to trade daily
- Ensure all Vise investment processes adhere to regulatory requirements, including trade settlement, reconciliation, and reporting processes
- Support the Client Operations Lead to address client inquiries related to investment operations
- Build and maintain GIPS compliant performance composites
Our take
Registered Independent Advisors (RIAs) face hot competition in a sector where 60% of global assets are managed by institutional investors. Part of the latter's edge, however, comes from market leading analyst teams and tools – and Vise has developed an AI-driven automated platform to fill this shortfall for RIAs.
The platform uses AI to automate the building and management of client portfolios, so RIAs can focus on cultivating client relationships. It has been proven a popular prospect – Vise secured a valuation exceeding $1 billion at the close of its 2021 Series C funding round, and its managed assets have quadrupled in recent years.
Vise also leverages an interesting niche that could shore it up against the industry-disruption of robo-advisors like SoFi and Wealthfront. Whilst robo-advisors are good for smaller asset classes, they lack the sophistication to manage and grow complex asset portfolios. They also lack the human touch which remains extremely important to the vast majority of investors even in a tech-led investment landscape. Vise's product is therefore an astute middle-of-the-road compromise.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
14% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$65m
SERIES C
Dec 2020
$45m
SERIES B
Total funding: $126.5m
Company benefits
- Comprehensive health plans
- 401(k) savings plan
- Flexible PTO
- Paid parental leave
- Lifestyle and wellbeing benefits
- Flexible remote work policy
Company values
- We're customer obsessed.
- We get 1% better every day.
- We burn the boats.
Company HQ
SoHo, New York, NY
Articles
Leadership
Samir Vasavada
(CEO)CEO and co-founder at Vise since 2016. Sits on board of several SaaS companies. Featured in Forbes 30 Under 30 list.
Runik Mehrotra
(Chief Investment Officer)They are an active AI and quantitative finance researcher, previously doing research at MIT.
Salary benchmarks
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