Job Purpose:

  • You will report directly to the Head of Distribution Client Services and oversee all Financial Intermediary Agreements and revenue sharing agreements within the Wealth Management Intermediary line of business
  • As a player-coach, you will also lead a team with oversight for all Invesco client agreements.

Your Responsibilities:

  • Manage and provide guidance to a team of individuals managing the contract process across Retail Mutual Funds, V.I. Funds Separately Managed Accounts, Offshore, and ETFs
  • Oversee Sarbanes Oxley (SOX) process controls for execution of financial support agreements
  • Partner with Wealth Management teams to facilitate & manage client requests
  • Collaborate with Distribution and FP&A (Financial Planning & Analysis) to evaluate profitability and recommend action to better align resources with business opportunities
  • Interface directly with financial intermediaries and internal stakeholders regarding marketing support, 12b1, sub-accounting, V.I. Administration and invoice payments
  • Evaluate proposed changes to existing contracts or consideration of new financial support arrangements, determine impact, and present recommendations to leadership
  • Understand detailed terms in agreements and promptly communicate changes to FP&A to facilitate intermediary payments
  • Educate business partners and sales team on legal and business issues which may impact negotiations of pending contracts
  • Establish, review, and maintain process controls ensuring that Invesco Distributors Inc. (IDI) is SOX compliant in Invesco Distributor�s agreement and financial support processes
  • Responsible for oversight of Internal, SEC, FINRA and/or SOX audits of dealer service agreements and revenue sharing terms
  • Partner closely with FP&A to understand annual marketing support budget and communicate updates to internal customers
  • Support multiple lines including: Retail Mutual Funds, V.I. Funds, Institutional Cash, Separately Managed Accounts, Offshore, and ETFs
  • Manage a team, and be responsible for evaluating team members� performance, coaching and development, and recruitment as needed
  • Assist Head of DCS on special projects as needed
  • Review and make recommendations to streamline processes and meet business objectives while minimizing legal liability of Invesco
  • Oversee the broker due diligence process
  • Work with internal business partners on operational items impacting or required of IDI to ensure accountability towards timely and complete attainment of deliverables.

Skills and Qualifications:

  • 8 years related work experience in financial services industry
  • Management and contract experience required
  • Strong Microsoft Office skills
  • Strong ability to extract and analyze complex data relating to financial and business issues
  • Ability to work in a fast-paced environment with changing priorities
  • Detail oriented, good administrative skills, and well organized
  • Comfort and familiarity with financial data and calculations
  • Sound relationship management skills and ability to work with employees at various levels
  • A current understanding (or strong desire to learn) of capital markets, mutual funds, ETFs, other investment solutions, and impact of economic factors
  • Strong work ethic, high integrity and strong values
  • Principal license S26 or S24 strongly preferred.

Source: for more information click here.

Share: