Corient Private Wealth LLC
Alternative Investments Operations Specialist
Corient Private Wealth LLC, Convent Station, New Jersey, us, 07961
Join a team that values your ambition and empowers your growth
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.
Summary
Support the Firm's "client first" focus - reflect the firm's standards and working as an active member of the team, always striving to find "A Better Way". Lead and oversee multiple aspects of the client relationship including cash management, distributions, contributions, client/account maintenance, and client inquiries.
Position Description : Manage the day-to-day maintenance of alternative investments allocations for high net worth (HNW) and ultra-high net worth (UHNW) client accounts by liaising with internal stakeholders including Senior Advisors, Portfolio Management, Trading, Operations, Legal/Compliance, and other internal teams, along with external parties including clients, clients' attorneys, accountants, assistants, and custodians. Liaise with custodian (Fidelity/Schwab) regarding subscription documents, daily transactions, and process client distributions Proactively address the specific needs of high net worth (HNW) and ultra-high net worth (UHNW) clients and overall account maintenance. This may include:
Opening and onboarding new alternative investment allocations, transfer of accounts (ACATS), moving money: wires, journals, checks Responding to capital calls by organizing cash raises with internal stakeholders and funding the cash requirements with our custodian brokers. Understanding margin and addressing operational/back-office issues Frequent communication with external stakeholders: custodian brokers, alternative investment administrators, alternative investment managers, etc. Knowledge of investment products across equities, fixed income, and alternative investments, including separately managed accounts, mutual funds, hedge funds, trusts etc. Asset allocation - understanding asset classes and the firm's allocation strategies
Contribute to the overall efficiency of the team by fielding inbound client inquiries, maintaining team schedules and deliverables, and handling other relevant administrative tasks Requirements:
2-3 years of high net worth (HNW) client service/support and operational experience in a wealth management / financial services environment. Registered Investment Advisory (RIA)/asset management experience is a plus. Experience with communicating/interacting with high net worth (HNW) clients over the phone, in person, video calls and email. Understanding of asset classes (equities, fixed income, options, alternatives etc.). Bachelor's degree: concentration in Finance, Business, or related field is a plus. Experience with Fidelity and/or Charles Schwab as the custodian is a plus. Strong analytical quantitative and qualitative reasoning ability. Proficiency with Excel and Microsoft Office suite; Tech-savvy and the ability to "pick" up recent technology programs quickly. Experience with Addepar, AdvisorView, eMoney, Wealthscape or similar platforms is a plus. Experience with Salesforce is a plus. Self-starter with strong attention to detail and follow-through. Resourceful with proven ability to multi-task and prioritize. Strong verbal and written communications skills. Team-oriented with excellent people skills and high level of EQ. Comfortable engaging clients and all levels of firm management. Polished, professional with a passion for learning. #LI-Onsite
Physical Requirements
This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible. This position may require the ability to lift up to 15 pounds. This position is required to work onsite 4 days per week. U.S. Eligibility Requirements
Must be 18 years of age or older. Must be willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation. Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization. Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. Must be willing to execute Corient's Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure. What You Can Expect from Us
Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through:
401(k) Plan with Employer Matching Four Medical Plan options that is generously subsidized by Corient Employer paid Dental, Vision & Life and AD&D Insurance Employer paid Short-term & Long-term Disability Paid Maternity & Parental Leave Flexible Spending Accounts & Health Savings Accounts Dependent Care FSA Commuter & Transit FSA Corporate Discount Program - Perkspot Training Reimbursement Paid Professional Designations Giving back to the community - Volunteer days
Corient is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies.
Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities.
We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.
At Corient, we help high- and ultra-high-net-worth individuals and families to enjoy a full life, while enabling them to preserve their wealth for future generations, and provide for the people, causes and communities they care about. We focus on exceeding expectations, simplifying lives, and establishing legacies that last for generations. We are always looking for talented and motivated individuals to join our team. If you want to work for a company that values your contributions and supports your growth, we would like to meet you.
Summary
Support the Firm's "client first" focus - reflect the firm's standards and working as an active member of the team, always striving to find "A Better Way". Lead and oversee multiple aspects of the client relationship including cash management, distributions, contributions, client/account maintenance, and client inquiries.
Position Description : Manage the day-to-day maintenance of alternative investments allocations for high net worth (HNW) and ultra-high net worth (UHNW) client accounts by liaising with internal stakeholders including Senior Advisors, Portfolio Management, Trading, Operations, Legal/Compliance, and other internal teams, along with external parties including clients, clients' attorneys, accountants, assistants, and custodians. Liaise with custodian (Fidelity/Schwab) regarding subscription documents, daily transactions, and process client distributions Proactively address the specific needs of high net worth (HNW) and ultra-high net worth (UHNW) clients and overall account maintenance. This may include:
Opening and onboarding new alternative investment allocations, transfer of accounts (ACATS), moving money: wires, journals, checks Responding to capital calls by organizing cash raises with internal stakeholders and funding the cash requirements with our custodian brokers. Understanding margin and addressing operational/back-office issues Frequent communication with external stakeholders: custodian brokers, alternative investment administrators, alternative investment managers, etc. Knowledge of investment products across equities, fixed income, and alternative investments, including separately managed accounts, mutual funds, hedge funds, trusts etc. Asset allocation - understanding asset classes and the firm's allocation strategies
Contribute to the overall efficiency of the team by fielding inbound client inquiries, maintaining team schedules and deliverables, and handling other relevant administrative tasks Requirements:
2-3 years of high net worth (HNW) client service/support and operational experience in a wealth management / financial services environment. Registered Investment Advisory (RIA)/asset management experience is a plus. Experience with communicating/interacting with high net worth (HNW) clients over the phone, in person, video calls and email. Understanding of asset classes (equities, fixed income, options, alternatives etc.). Bachelor's degree: concentration in Finance, Business, or related field is a plus. Experience with Fidelity and/or Charles Schwab as the custodian is a plus. Strong analytical quantitative and qualitative reasoning ability. Proficiency with Excel and Microsoft Office suite; Tech-savvy and the ability to "pick" up recent technology programs quickly. Experience with Addepar, AdvisorView, eMoney, Wealthscape or similar platforms is a plus. Experience with Salesforce is a plus. Self-starter with strong attention to detail and follow-through. Resourceful with proven ability to multi-task and prioritize. Strong verbal and written communications skills. Team-oriented with excellent people skills and high level of EQ. Comfortable engaging clients and all levels of firm management. Polished, professional with a passion for learning. #LI-Onsite
Physical Requirements
This position requires the physical capabilities to work in an office environment, which may include prolonged periods of sitting at a desk and working on a computer. Corient seeks to make reasonable accommodations that enable individuals with disabilities to perform essential duties when possible. This position may require the ability to lift up to 15 pounds. This position is required to work onsite 4 days per week. U.S. Eligibility Requirements
Must be 18 years of age or older. Must be willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation. Must have unrestricted work authorization to work in the United States. For U.S. employment opportunities, Corient hires U.S. citizens or permanent residents. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Corient will require proof of work authorization. Corient participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. Must be willing to execute Corient's Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality, and non-disclosure. What You Can Expect from Us
Our dedication to the Employee Experience at Corient is aimed at supporting, empowering, and inspiring our talented team through:
401(k) Plan with Employer Matching Four Medical Plan options that is generously subsidized by Corient Employer paid Dental, Vision & Life and AD&D Insurance Employer paid Short-term & Long-term Disability Paid Maternity & Parental Leave Flexible Spending Accounts & Health Savings Accounts Dependent Care FSA Commuter & Transit FSA Corporate Discount Program - Perkspot Training Reimbursement Paid Professional Designations Giving back to the community - Volunteer days
Corient is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies.
Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honor this commitment in their daily responsibilities.
We are an equal opportunity employer. All candidates will be recruited and, if applicable, selected and employed without regard to sex, race, religion, marital status, veteran status, age, national origin, sexual orientation, gender identity, color, creed, ancestry, disability, genetic information or any other basis prohibited by law.