Head of Manager Oversight
Posted on: 16 Sep 2022
Boston, MA
Job Description
This role is responsible for oversight of asset manager relationships related to investment transactions originated directly by MassMutual’s Investment Management Portfolio Management team on behalf of MassMutual’s General Investment Account. In this capacity, the head of manager oversight is a member of the Investment Operations Senior Leadership team and is accountable for identifying/assessing material risks that could arise from the non-investment operations of investments and managers and facilitating mitigating the impact of those risks where possible.
Specific responsibilities include:
Establishing short and long-term strategies for the organization via identification of opportunities to increase the efficiency and effectiveness of the Manager Oversight function
Creating and promoting a high degree of awareness of risk, risk control measures, and compliance policies and procedures, within Investment Management and with cross-functional business partners
Strategizing with cross-functional business stakeholders to: (a) Learn about emerging business changes or challenges (e.g., onboarding managers that support reinsurance funds withheld arrangements) and determine the optimal strategy to address the changes and (b) Learn about business challenges and determine the optimal strategy to develop potential solutions
Growing and leveraging relationships with internal, external, and cross-functional parties that are critical to the deal execution, funding, and ongoing monitoring of a multi-billion-dollar portfolio of deals originated by MassMutual’s Portfolio Management team
Overseeing a team of direct reports that manage the day-to-day functions that are required to support the manager oversight strategy, including: initial operational due diligence assessments, assessing trigger events and determining the appropriate course of action, annual operational due diligence assessments, communication and coordination with deal team analysts and other stakeholders, independent calculation of manager investment performance, and analysis and validation and analysis of investment management fees
Overseeing relationships with vendors to ensure that services are provided in accordance with contractual arrangements and that the team is extracting an appropriate level of value from these relationships
Manages and/or participates in departmental and Company-wide strategic and/or process improvement initiatives
THE BASIC REQUIREMENTS:
Bachelor’s degree
At least 7 to 10 years of collective work experience within an Investment Management function, including experience with private assets
Strong analytical and problem-solving skill set
Ability to work strategically and collaboratively across departments and with portfolio managers and senior management
Excellent communication (both written and oral) and interpersonal skills to work in a fast paced, team environment
Ability and openness to understanding operational, accounting, and legal aspects of investments
MassMutual
Springfield, MA
MassMutual was founded on May 15, 1851. And from the beginning, we’ve had a single purpose: to help people secure their future and protect the ones they love. More than 160 years later, that commitment remains our guiding principle. It’s behind everything we do and every decision we make. It’s how we continue to deliver products and services to help our policyowners and customers achieve their financial goals, and protect those who matter most.
MassMutual is a mutual company. That means we don’t have shareholders. Instead, our members and participating policy owners are often described as sharing in our ownership. This generally means that, if you’re insured under one of MassMutual’s individual, participating whole life insurance policies, for example, you are a member entitled to vote for our Board of Directors. And if you own that participating policy, you may be eligible to share in any dividends we may declare.
As a mutual company, we operate for the benefit of our members and participating policyowners. We manage the company with a focus on their long-term interests and are not subject to the expectations of Wall Street analysts or stockholders. Throughout our history, this focus on the long-term has helped us provide financial and retirement security to millions of people. And while they're not guaranteed, we've consistently paid dividends to eligible participating policyowners since the 1860s. Our success is reflected in our financial strength ratings1, which are among the highest of any company in any industry.
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IndustryInsurance
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No. of Employees7,000
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Website
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Jobs Posted224
