Director, Alternative Assets - Operations

Edward Jones

You could say we're at the center of the center.

Here at Edward Jones the client is our single focus and our relationships with them are the measure of everything we do. And Service and Operations divisions are at the center of it all. We support our clients, branch teams and headquarter associates in providing the best possible experience. Advocate for our more than 7 million clients through regulation communication, fraud protection and managing their investment distributions. Protect their investments by mitigating risk. And innovate new ways of working. Using insights to create solutions for the future - in the here and now.

Job Overview

Position Schedule: Full-Time

This job posting is anticipated to remain open for 30 days, from 25-Apr-2025. The posting may close early due to the volume of applicants.

The Director of Alternative Assets will lead the Alternative Assets department within the Operations division of Edward Jones, overseeing the trading, custody, and operational management of alternative investments, including private equity, real estate, and other non-traditional securities. This role serves as a critical liaison between Operations, Compliance, Legal, and Product Development teams to ensure regulatory adherence, mitigate risks, and support the strategic growth of alternative asset offerings. The Director will also work with our Digital teams to ensure the development of digital tools and resources to enhance the firm's capabilities and client experience in the alternative investments space.

What you'll do:

• Trading and Custody Oversight
  • Manage the operational processes for trading alternative assets, ensuring accurate execution, settlement, and reconciliation.
  • Oversee the custody of alternative assets, including coordination with valuation providers and internal systems for secure record-keeping.
  • Implement and monitor controls to ensure operational efficiency, accuracy, and compliance with industry standards.
• Compliance and Legal Liaison
  • Collaborate with Compliance and Legal teams to ensure all alternative asset activities adhere to SEC, FINRA, and other relevant regulatory requirements.
  • Act as the primary point of contact within Operations for compliance and legal inquiries related to alternative assets, including audits and regulatory reporting.
  • Develop and maintain policies and procedures specific to alternative investments, addressing risk management, due diligence, and investor protections.

• Product Development and Strategy
  • Partner with Product Development teams to design and launch new alternative investment products tailored to client demand and market trends.
  • Understand and deliver opportunities to expand the firm's alternative asset offerings.
• Digital Resources and Innovation
  • Partner with Digital resources on the development and integration of digital tools, platforms, and resources to streamline trading, custody, and client reporting for alternative assets.
  • Collaborate with Digital teams to implement technology solutions that improve operational workflows and enhance client access to alternative investment data.
• Leadership and Team Management
  • Build, mentor, and manage a high-performing Alternative Assets team within the Operations division.
  • Set departmental goals, allocate resources effectively, and ensure staff are trained on operational processes, compliance requirements, and emerging trends in alternative investments.
  • Foster a culture of accountability, collaboration, and continuous improvement within the team.
• Firm-Wide Collaboration
  • Serve as the subject matter expert on alternative assets, providing insights and recommendations to senior Operations leadership and other divisions.
  • Represent Operations in cross-functional meetings and initiatives related to alternative investments, ensuring alignment with the firm's broader objectives.
  • Communicate effectively with stakeholders, including regulators, as needed.

Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program. For more information on the Benefits available to Edward Jones associates, please visit our benefits page.

Hiring Minimum: $168500
Hiring Maximum: $286900

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. Edward Jones is prohibited from hiring individuals with certain specified criminal history as set forth in Section 3(a)(39) and 15(b)(4) and Rule 17a-3(a)(12) of the Securities and Exchange Act of 1934, and conducts background reviews consistent with FINRA Rule 3110(e). A copy of a notice regarding the provisions of the Los Angeles County Fair Chance Ordinance is available at: dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf.

Read More About Job Overview

Skills/Requirements

What you'll need:

• Bachelor's degree in Finance, Business Administration, or a related field.
• SIE and Series 99 required within 89 days of start date (US); Series 7 required within 12 months of start date (US), Series 24 (U.S) and/or other certifications may be required depending upon specific responsibilities.

• 10+ years of experience in Financial Services and/or Public Accounting in increasingly responsible positions (preferably operations, trading, custody, or similar experience).
• Experience must include leading multiple departments and/or functions, leading other leaders, planning, setting strategy and direction, and leading "enterprise-wide" efforts.
  • Three to five years in alternative assets operations experience at a broker-dealer, asset manager, or similar institution.
  • Seven years of leadership experience including significant people responsibilities and delivering results through others
• Proven track record in overseeing trading and custody processes for alternative investments.

• Experience working with compliance and legal teams on regulatory matters related to alternative assets.
• Deep understanding of SEC and FINRA regulations, as well as industry best practices for alternative investments.

• Strong understanding of alternative asset classes (e.g., private equity, hedge funds, and real estate) and their operational requirements.

• Proficiency in operational systems, trading platforms, and digital tools.
• Familiarity with valuation methodologies and risk management practices for alternative investments.
• Demonstrated ability to anticipate future business needs relative to capacity, talent, industry trends, technology etc, and ensure that the area is being developed to handle both current and future needs. Demonstrated ability to develop a comprehensive business case in alignment with the overall firm strategies and objectives.
• Demonstrated ability to lead project leaders and key internal and external stakeholders through complex issues, provide guidance and direction and influence key decisions. Must have experience in a business leader capacity for technology initiatives.
• Demonstrated ability to develop vision and provide strategic and long term thought leadership at a broad level, as well as a day-to-day strategic approach to issues and challenges.
• Strategic vision for product implementation and operational innovation.
• Ability to navigate complex regulatory environments and mitigate operational risks.
• Proactive approach to leveraging technology for business growth and efficiency.

What will set you apart:

• Advanced degree (MBA, etc.).

Read More About Skills/Requirements

Awards & Accolades

At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.

Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones

Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones

Read More About Awards & Accolades

About Us

Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we're proud to be privately-owned, placing the focus on our clients rather than shareholder returns.

Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.

People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.

View our Purpose, Inclusion and Citizenship Report.

¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.

Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.

#LI-HO