Investment Operations Vice President

Industry:
Finance
Last Updated:
September 19, 2023

Job Description Overview

An Investment Operations Vice President is a senior position in the finance industry responsible for overseeing the daily operations of investment activities for a company or organization. In this job, the VP manages a team of investment professionals, sets investment strategies, and ensures that financial activities conform to regulatory requirements. The Investment Operations VP job description involves analyzing investment risks, monitoring portfolio performance, identifying potential investment opportunities, and providing guidance to investment staff. The Investment Operations VP works closely with the executive team to develop and execute financial plans that align with company goals. They also develop investment policies that incorporate best practices and ensure compliance with investment regulations. The Investment Operations Vice President job demands strong analytical skills, knowledge of financial markets, leadership skills, and the ability to work under pressure. Experience in the finance industry and a Bachelor's or Master's degree in finance or related field are required for this role.

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Job Duties and Responsibilities

  • An Investment Operations Vice President is responsible for managing the day-to-day operations of an investment firm.
  • They oversee the teams responsible for trade settlements, reconciliations, account maintenance, and reporting.
  • They ensure compliance with industry regulations, company policies, and client requirements.
  • They analyze and identify opportunities to optimize operational processes and workflows.
  • They communicate with various internal and external stakeholders, including investors, fund managers, and custodians.
  • They provide leadership and guidance to their team, including setting performance targets and conducting performance evaluations.
  • They develop and implement strategies for risk management and mitigation.
  • They stay up to date with industry trends and developments, as well as technological advances that may improve investment operations.
  • They participate in the development of new products and services, ensuring that operational considerations are taken into account.

Experience and Education Requirements

To become an Investment Operations Vice President in the finance industry, you typically need a bachelor's degree in finance or a related field, along with many years of relevant experience. This job involves supervising the day-to-day operations of investment activities, so you'll need experience with investment processes like trade settlement, asset reconciliation, and risk management, as well as familiarity with investment software and databases. You may also need leadership skills to manage a team of analysts and operational staff, and to interact with other departments and clients. Some employers also require advanced degrees or professional certifications, such as an MBA or Chartered Financial Analyst (CFA) designation. It's a challenging job, but also very rewarding!

Salary Range

If you want to know the salary range of an Investment Operations Vice President in the finance industry, you can expect a lucrative package. According to Payscale, the average salary range for an Investment Operations Vice President in the United States is between $106,000 to $208,000 per year, with bonuses up to $71,000. Glassdoor reports a similar range from $100,000 to $250,000 annually. In other countries, the salary range for this position may vary. For example, in Canada, the average salary range for an Investment Operations VP is around CAD 130,000 to CAD 200,000. In Australia, it ranges from AUD 120,000 to AUD 250,000 yearly. The salary range may also depend on other factors such as location, experience, and company size. 

Sources:

  • https://www.payscale.com/research/US/Job=VicePresident(VP),InvestmentOperations/Salary
  • https://www.glassdoor.com/Salaries/investment-operations-vice-president-salary-SRCH_KO0,36.htm
  • https://www.glassdoor.com.au/Salaries/investment-operations-vice-president-salary-SRCHIL.0,9IN16_KO10,39.htm

Career Outlook

The career outlook for an Investment Operations Vice President in the Finance industry looks promising over the next 5 years. According to the Bureau of Labor Statistics, job opportunities in finance are projected to grow by 5% from 2019-2029, which is faster than the average for all occupations. Investment Operations VP's will continue to play an essential role in managing and coordinating investment operations activities, including settlements, reconciliations, and asset servicing. Additionally, with the increasing importance of data science in the finance industry, VP's with a strong quantitative background and knowledge of data analytics will be in high demand. In conclusion, there will be plenty of opportunities for Investment Operations VP's to grow and advance their career in the finance industry over the next 5 years.

Frequently Asked Questions (FAQ)

Q: What does an Investment Operations Vice President do?

A: An Investment Operations Vice President oversees the daily operations of investment programs, including risk assessment, trade processing, settlement, portfolio accounting, and performance reporting.

Q: What qualifications do I need to become an Investment Operations Vice President?

A: You will typically need a bachelor's degree in finance or a related field, as well as several years of experience in investment banking, asset management, or a related financial role. Advanced degrees such as an MBA may be preferred.

Q: What skills are needed for this job?

A: An Investment Operations Vice President should have strong analytical skills, a deep understanding of financial markets, proficiency in data analysis software, and excellent leadership and communication skills.

Q: What is the salary range for Investment Operations Vice Presidents?

A: Salaries for Investment Operations Vice Presidents can vary widely depending on experience, industry, and location. According to Glassdoor, the national average salary is around $150,000 per year.

Q: What opportunities for advancement are there in this role?

A: Investment Operations Vice Presidents may progress to more senior leadership positions in investment banking or asset management, such as Chief Investment Officer or Chief Operating Officer. Some may also move into related fields such as private equity or hedge funds.


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