Investment Operations Specialist at Vise

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Investment ManagementIndustries

Requirements

Minimum of two years in a financial services operations role
Experience working for or with SMA providers and TAMPs
Familiarity with RIA custodian platforms such as Schwab, Fidelity, Pershing, Goldman Sachs, Altruist, and TradePMR
Ability to work with long short strategies or strategies that include margin
Proficient with alternative investments including interval funds and private placements
Experience with SQL, Snowflake, Databricks, or other data platforms is a plus

Responsibilities

Ensure all accounts are in good order on a daily basis by reviewing daily reconciliation reports
Resolve daily account issues at custodians and on the Vise platform
Run and analyze daily and weekly portfolio oversight reports to ensure all accounts are being managed to their mandate
Work directly with the engineering team to articulate solutions to systematize daily processes and serve as the liaison between our engineering team and custodial partners
Ensure all Vise investment processes adhere to regulatory requirements, including trade settlement, reconciliation, and reporting processes
Ensure our performance engine is in good order and performance is up to date for all client accounts
Support daily trading activities

Skills

Key technologies and capabilities for this role

SQLSnowflakeDatabricksSMATAMPRIA custodianstrade reconciliationportfolio oversightalternative investmentsmargin trading

Questions & Answers

Common questions about this position

What is the salary range for the Investment Operations Specialist role?

The expected salary range is $125,000 - $150,000 per year, plus a competitive equity package, determined based on skills, qualifications, and experience.

Is this role remote or onsite?

This role is onsite in NYC in our SoHo office.

What experience and skills are required for this position?

Candidates need a minimum of two years in a financial services operations role, experience with SMA providers and TAMPs, familiarity with RIA custodian platforms like Schwab and Fidelity, ability to work with long-short strategies or margin, and proficiency with alternative investments including interval funds and private placements. Experience with SQL, Snowflake, Databricks, or other data platforms is a plus.

What benefits does Vise offer?

Vise offers unlimited PTO, great benefits including $1 medical insurance, a 401k plan with generous matching and self-directed brokerage account option, access to investment management and free financial advice from partner RIA firms, and paid lunches at the NYC office.

What makes a strong candidate for this role at Vise?

A strong candidate brings financial services operations experience, familiarity with SMA/TAMP providers and RIA custodians, proficiency in alternative investments and strategies with margin, plus an entrepreneurial and problem-solving mindset to improve processes.

Vise

AI platform for financial advisors' asset management

About Vise

Vise provides an asset management platform designed for financial advisors, helping them create and manage personalized investment portfolios for their clients. The platform uses artificial intelligence to automate tasks like portfolio rebalancing and risk assessment, allowing advisors to concentrate on building client relationships and making strategic decisions. Vise operates on a subscription-based model, making it accessible to both small and large advisory firms. This flexibility sets Vise apart from competitors, as it can cater to a diverse range of clients in the financial advisory sector. The company's goal is to enhance the efficiency of financial advisors, reduce their operational costs, and improve investment outcomes, ultimately aiming to shape the future of asset management.

New York City, New YorkHeadquarters

2016Year Founded

$123.1MTotal Funding

SERIES_CCompany Stage

Fintech, AI & Machine Learning, Financial ServicesIndustries

51-200Employees

Benefits

Comprehensive health plans

401(k) savings plan

Flexible PTO

Parental Leave

Wellness Reimbursement

Learning & Development

Risks

Loss of major clients like Manhattan West impacts revenue and reputation.

High employee turnover affects company morale and productivity.

Rapid fintech evolution may outpace Vise's current offerings, affecting competitiveness.

Differentiation

Vise automates investment management using AI, enhancing advisor-client relationships.

The platform offers personalized portfolios, reducing advisors' administrative tasks.

Vise's subscription model is scalable, catering to both small and large advisory firms.

Upsides

Growing demand for AI-driven personalized investment solutions boosts Vise's market potential.

Hybrid advisory models enhance Vise's value proposition by combining AI with human expertise.

Regulatory scrutiny on traditional practices drives adoption of AI-driven solutions like Vise.

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