Director Investment Administration - Investment Guidelines Compliance

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ADP is hiring a Director Investment Administration - Investment Guidelines Compliance


Do you love networking and thrive in a fast-paced, collaborative environment?
Are you excited by the prospect of overcoming challenges, thinking dynamically, and taking risks to help your team and your clients accomplish greatness?
Are you a trusted advisor who delivers on promises -- every time?


Well, this may be the role for you. Ready to make your mark?

First things first: At ADP, we believe people make great companies, not the other way around. Our people make all the difference in cultivating a down-to-earth culture where we welcome ideas and encourage innovation. Our mission is simple: Create powerful solutions that are efficient, intuitive, beautiful, and responsive. Whatever way the world chooses to work, ADP is there to make that a reality through market-leading global HR technology.

Your role: As a Director Investment Administration, Responsible for investment guideline compliance for approximately 40 fixed income investment portfolios averaging $39 billion dollars daily. This role will also be responsible for monitoring approximately 350 investment guideline rules in the Bloomberg AIM compliance module. Maintain and monitor all aspects of investment compliance daily and report any investment guidelines exceptions to management and ADP Trust Company Investment Committee and Delaware Board of Directors / Managers.

What you'll do:


Monitor Bloomberg AIM Compliance Module
Create, update, and modify investment guideline and internal guideline restrictions periodically.
Update Bloomberg account groups for new portfolios
Complete timely and accurate Bloomberg override of trades when necessary
Review and sign-off on automated daily Bloomberg compliance reports for overrides, new compliance violation summary and new compliance violation details
Modify and check exposure limits on days when we obtain a waiver to increase exposure limits on certain investing and borrowing days.
Complete monthly/quarterly/annual reviews of Bloomberg watch lists
Review restrictions and remove those which are no longer applicable.
Review changes in money market funds exposure to ensure additions or deletions are reflected in Bloomberg Watchlists

Annual update of investment guideline exposure limits based on prior year average investment balances.
Ensure that all internal and outside manager transactions meet ADP’s Investment Guidelines.
Review automated PORTIA (investment accounting system) Credit Watch report.

Identify changes and potential compliance issues.
Prepare and send weekly email to Compliance Committee associates.

Calculate ADP’s exposure to its concentration bank daily.
Verify all Bloomberg rating changes have been reported by Credit Team by end of day.
Monthly pricing research and update PORTIA for unpriced securities
Quarterly pricing validation and ASC820 reporting for ADP’s consolidated financial statements.
Obtain and communicate ADP bond pricing to Corporate Treasury on a quarterly basis.
Investment guideline compliance reporting:

Schedule and lead monthly meetings with ADP Delaware management and team to review portfolio compliance.
Report investment guideline infractions and exceptions, including annual exception tracking at the quarterly ADP Delaware Board meetings, and the quarterly ADP Trust Company Investment Committee meetings.

Provide audit support to ADP’s internal auditors and external auditors as requested.
Update macro and micro investment guideline file after changes are made to the investment guidelines on an annual or as needed basis.
Perform other tasks as requested by the President and Chief Financial Officer – ADP Delaware investment operation.
Train staff member(s) to assist with back-up compliance duties when needed.


Qualifications you'll need:


Bachelor’s degree in business, accounting, finance, or equivalent is required. Master’s Degree in Business Administration (MBA), or CPA is desirable.
Minimum 5-7 years extensive experience within the asset management industry and a thorough knowledge of investment grade fixed income products
Knowledge of the PORTIA investment accounting system and Bloomberg system are highly desired.
Excellent written and presentation skills.
Strong internal controls mindset (ability to identify and close control gaps and/or issues)
Ability to respond and react to a variety of different critical issues simultaneously.
Ability to meet strict deadlines and provide rapid response.
Outstanding proficiency in Microsoft Excel, PowerPoint, and other Microsoft applications
Exceptional attention to detail and strong analytical/problem resolution skills
Ability to prioritize multiple projects and responsibilities simultaneously.
Outstanding organizational and time management skills
Self-motivated and a self-starter
Performs well under pressure.
Quick learner
Strong interpersonal and communication skills are necessary.


You'll love working here because:


Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
Belong by joining one of nine Business Resource Groups to connect globally with networks and allies who share common interests and experiences.
Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
Continuously learn through ongoing training, development, and mentorship opportunities.
Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.


A little about ADP

We are a global leader in human resources technology, offering the latest AI and machine learning-enhanced payroll, tax, human resources, benefits, and much more. We believe our people make all the difference in cultivating an inclusive, down-to-earth culture that welcomes ideas, encourages innovation, and values belonging. We've received recognition as a global Best Places to Work and a recipient of many prestigious awards for diversity, equity, and inclusion, including a DiversityInc® Top 50 Company, Best CEO and company for women, LGBTQ , multicultural talent, and more. As part of our deep DEI commitment, our CEO has joined the OneTen coalition to create one million jobs for Black Americans within ten years. Learn more about DEI at ADP on our YouTube channel: http://adp.careers/DEI_Videos

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Explore our COVID-19 page **** to understand how ADP is approaching safety, travel, the hiring interview process, and more.

Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP affirms that inequality is detrimental to our associates, our clients, and the communities we serve. Our goal is to impact lasting change through our actions. Together, we unite for equality and equity. ADP is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.

Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click **** to learn more about ADP’s culture and our full set of values.

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