Russell Investments India | Graduate Trainee (Apprentice), Global Operations

Responsibilities

• This position is responsible for ensuring timely delivery of Financial Statements as per US GAAP, AICPA and SEC, knowledge of regulatory reports including N-Port and providing audit support.
• This position involves working with other teams within and outside of Fund Administration to complete a range of routine, project-based and ad-hoc deliverables for Russell’s fund products.
• Ensure preparation of Annual, Semi-Annual and Quarterly financial reports for ’40 Act funds (Russell Investment Company and Russell Investment Funds) is done in a timely manner with good quality.
• Oversee, coordinate and execute the planning, organizing, training and leadership necessary to achieve stated goals.
• Posting of periodic journal entries, partnership accounting/allocations and preparation of various disclosures for alternative investment funds.
• Engage with the Funds’ custodians, internal groups, external auditors and other key stakeholders to coordinate reporting cycles.
• Participate in projects which promote and lead to a streamlined financial operating environment.
• Evaluate and document policies, procedures and internal controls related to various aspects of the financial reporting process.
• Work directly with external service and data providers, external auditors and multiple groups within Russell to support a wide range of financial projects in support of the funds.
• Preparation and review of internal reports, sub-schedules and calculations which support the overall financial statement process for traditional funds.
• Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients.

Requirements

• Should not be enrolled under other government-funded programs.
• Should not be practicing professionally at the time of application.
• Should not be registered on EPF/ ESIC Portal.
• Should not have completed their education from a foreign university.
• Good knowledge of US GAAP, the Investment Company Act of 1940, U.S. Internal Revenue Code, CFTC Rules, ERISA and UCITS a plus.
• Understanding of Fund Accounting for mutual funds, commingled funds, LLC funds and private equity funds and working knowledge of the ERISA regulations, Investment Company Act of 1940, Exchange Acts of 1933 and 1934.
• Ability to interpret accounting/financial information and understand how it may impact the Funds’ financial statements, notes to financial statements and other disclosures.
• Working knowledge of the relationships and interactions between investment managers and administrators/custodians/transfer agents.
• Knowledge and understanding of SQL and VBA.
• Knowledge/Experience with Confluence ASP Reporting System.
• Ability to create, refine and maintain policies and desk procedures related to the Funds’ processes.
• Experience with 38a-1 requirements and Sarbanes-Oxley testing.
• Excellent communication skills, both written and verbal.
• Ability to communicate effectively on behalf of Fund Administration Management with Vendors, Auditors, business units and other key stakeholders.
• Proven ability to work both independently and as part of a highly functioning team, open to new ideas and disciplines.
• Ability to work efficiently under pressure with minimal supervision to meet cyclical regulatory and internal deadlines; demonstrated ability to organize and prioritize multiple assignments.
• Demonstrate an ability to analyze complex issues, research solutions, prioritize workload and bring regulatory testing issues to resolution.
• Very strong tools-based knowledge including Excel, Access and other applicable applications in a LAN based environment.
• Ability to communicate complex technical details to all levels of management.
• Must be proficient in MS Office and manage large volumes of email correspondence.
• Ability to act with discretion and maintain complete confidentiality.
• Graduate Trainee/Apprenticeship – Global Operations
• Should not be self-employed

Russell Investments

Frank Russell started the firm in Tacoma, Washington, in 1936, and Russell Investments is now headquartered in Seattle. It manages money and gives investment advice to institutional investors, financial intermediaries and individual investors in many countries. Along the way it was an early name in institutional investment consulting (from 1969), took on its first outsourced chief investment officer client in 1980 and launched multi-asset portfolios for advisers in 1985. It also builds custom portfolios that mix active, passive and alternative investments, and manages portfolio transitions for large investors. In India, Russell Investments has an office in Mumbai that works alongside its teams in other countries.

In Mumbai, the finance-related roles include investment operations analysts and associate managers, a senior analyst in fund administration and a credit analyst. Most postings ask for a bachelor's degree in finance, economics, accounting or business administration. The CFA is often preferred, one posting names an MBA or CFA as highly preferred, and another leans towards a CA or CPA with experience of financial reporting under US GAAP.

• Industry: Asset management and investment consulting: multi-asset portfolios, outsourced chief investment officer (OCIO) services, portfolio transitions
• Headquarters: Seattle, Washington, United States (Russell Investments)
• In India: An office in Mumbai, where its India investment operations and finance roles are based