The everyday operations of an investment firm depend heavily on the work of investment operations associates. Supporting the investment team, carrying out various administrative duties, and conducting general investment research are among their responsibilities. This profession necessitates mentorship, training, and teamwork. The position also calls for a high level of commitment to a variety of duties. As a result, having the appropriate educational background and skills is essential for success in this position. Additionally, colleagues in investment operations have the chance to become COOs.
Based on education and experience, an Investment Operations Associate's pay can differ greatly. Strong verbal and written communication abilities, advanced Excel proficiency, and analytical and research skills are all prerequisites for this position. This job offers competitive pay and benefits, making it a great opportunity to break into the investment industry. Even profit sharing is offered by some businesses. As a member of the investment team, the Investment Operations Associate is in charge of carrying out the necessary reconciliations and control procedures, as well as delivering timely and accurate information on investment performance and risk. Regular reviews of investment fund operations are also necessary for the role. The Investment Operations Associate also assists the Director of Investment Operations in creating performance reporting documents and prepares monthly and quarterly portfolio monitoring reports as part of this role. For the Associate to make wise judgments, create documentation, and respond to enquiries, close collaboration with other team members is required. The minimum educational requirement for an Investment Operations Associate is a bachelor's degree in engineering, accounting, or finance. Depending on the area, the compensation varies between $33,000 and $44,000. The remuneration will depend on the type of organization and the quantity of overtime the worker works. A couple significant American cities are among the top 10 for this position's salary. An Investment Operations Associate makes an average yearly pay of $71,309. This is $2,649 more than the average for the country. Top earners in this position can expect to make up to $75,000. Although the salary range is wide, it is still quite changeable and may change depending on a person's abilities, background, and region. The average annual income of the top 10 percent of earners is $78,000. To find salary in your area, use ZipRecruiter. Maintaining order flow and data integrity is the responsibility of investment operations colleagues. They also conduct data analysis and apply control methods and techniques. They could be in charge of creating new accounts, reconciliations, and compliance guidelines in addition to carrying out standard trading instructions. They also take part in ongoing training programs and investment initiatives.
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