Investment Operations Analyst at KeyBank: Salary, Job Description, and Qualifications

If you are interested in a career as an Investment Operations Analyst at KeyBank, this blog post will provide you with valuable information about the salary, job description, and qualifications required for this role. As an Investment Operations Analyst, you will play a crucial role in the trading and reconciliation processes of mutual fund trade orders. You will work with both external and internal clients, ensuring the accuracy and timeliness of trade execution.

Salary

The average salary for an Operations Analyst at companies like KeyBank in the United States is $71,002 as of April 24, 2024. However, the salary range typically falls between $60,880 and $81,124. The actual salary may vary depending on factors such as level of experience and performance.

Job Description

As an Investment Operations Analyst at KeyBank, your responsibilities will include:

• Placing trades with various mutual fund companies on behalf of trust clients
• Posting mutual fund trades in the Global Plus custody system, NSCC, or directly at the fund
• Sending and receiving wires associated with mutual fund trades
• Performing verification for initial purchases, large dollar notifications, cancelled trades, money market trades, manual trades, and special instructions
• Balancing all cash associated with mutual fund trades on a daily basis
• Researching and resolving trade rejects on the Global Plus account system
• Resolving trades that have been rejected by fund companies to ensure price protection
• Handling phone inquiries from fund companies regarding account trading
• Working on trade corrections and researching different options for resolution
• Researching and resolving any position outages related to trade with fund companies
• Communicating with fund companies on high dollar trades to ensure requested trade dates
• Researching the ability to hold different funds and determining purchase eligibility
• Assisting the Line of Business (LOB) in abnormal trading situations
• Communicating issues with the LOB using system and industry knowledge for resolution
• Coding new account positions for weekly information receipt from mutual fund companies
• Participating in system upgrades and disaster recovery exercises
• Creating and updating procedures as changes occur in the process
• Participating in testing of Global Plus Releases and MUPS

Qualifications

To qualify for the role of Investment Operations Analyst at KeyBank, you should have:

• A four-year degree in Business or Finance or equivalent work experience
• Excellent verbal and written communication skills
• Proven analytical and quantitative ability
• Knowledge of the Global Plus system (preferred)
• Prior experience in trust operations (preferred)
• Proven experience and success in a team environment
• Proven problem resolution skills
• Excellent organizational skills
• Ability to manage multiple priorities
• Proven ability to demonstrate the Key Values
• Ability to learn detailed processes quickly and work independently with limited supervision
• Strong peer leadership skills

Compensation and Benefits

The base salary for the Investment Operations Analyst role at KeyBank ranges from $50,000 to $54,000 annually, depending on job-related factors such as level of experience. In addition to the base salary, compensation may include eligibility for short-term incentive compensation and deferred incentive compensation based on individual and company performance. KeyBank also offers a range of benefits for eligible employees.

Conclusion

If you are passionate about investment operations and want to work at KeyBank as an Investment Operations Analyst, this blog post has provided you with essential information about the salary, job description, and qualifications required for this role. KeyBank is committed to building a diverse, equitable, and inclusive culture, and they provide investment management, banking, and financial products to individuals and companies across the United States. As an Investment Operations Analyst at KeyBank, you will have the opportunity to make a meaningful impact on the trading processes and ensure the success of mutual fund trades.