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Performance Reconciliation Analyst

Russell Investments

Russell Investments

Mumbai, Maharashtra, India
Posted on Friday, June 7, 2024

Business Unit:

Compliance, Risk and Internal Audit

Reporting To:

Manager, Performance Reconciliation


EMEA/UK (1:30 pm – 10:30 pm IST) (India)

About Russell Investments, Mumbai:

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 88-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has over $1 trillion in assets under advisement (as of December 31, 2023) and $302.7 billion in assets under management (as of March 31, 2024). Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai, and Mumbai.

Joining the Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be part of the team based out of Goregaon (East) and contribute to the foundation and culture of the firm’s growing operations in India. The Mumbai office operates with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.

Job Description:

Every day, we seek to improve financial security for people. Joining our Global Performance & Reporting Team within Global Risk you will be a part of a passionate and supportive team tasked with delivering investment product reports both internal and external to Russell Investments.

The Performance & Reporting Analyst role is responsible for reconciling performance data, resolving issues discovered and reporting the performance of Russell Investments’ products/strategies to internal teams as well as prospective and existing clients.

The Global Performance & Reporting Team, within Global Risk, delivers performance measurement and fund/client reporting services across Russell Investments’ global products and client bases. This role will be part of a team tasked with producing standard reporting delivery, ad-hoc performance analysis, historical performance streams for prospects and reconciliations of performance data vs. various sources. The products/strategies under analysis may include funds, separate accounts, client portfolios, sub-advisory accounts, fiduciary accounts, overlays and competitor products. This data will then be repackaged into several formats for use in client and prospect presentations, reports and other publications.

Years of Experience

3+ years of investment/financial services experience


Bachelor’s Degree with emphasis on Economics, Finance, Mathematics, Statistics or related subject

CIPM or CFA equivalent qualification preferred


Data Management/ Performance Reconciliation:

  • Assist in the set up and maintenance of P&R systems including: new fund setup, new client setup and general change management
  • Calculate, analyze and report the performance of various investment products or strategies to internal portfolio teams or external clients
  • Conduct reconciliations of performance data vs. various sources to confirm accuracy
  • Collaborate across the Global Performance & Reporting Team to gather needed data and ensure delivery of accurate and timely reporting collateral.
  • Compare current report to previous cycles to flag any incorrect data sets
  • Should have an understanding of Total v Security Level returns
  • Fundamental understanding of ABOR & IBOR, ability to differentiate between the two books of records and should be able to analyze the reasons for difference in returns and justify the differences
  • Ability to understand and resolve ad-hoc queries from portfolio managers timely manner.

Candidate Requirements

  • Proven ability to conduct base-level performance calculations and interpret the results
  • Experience with investment risk measures including VaR, standard deviation and beta
  • Knowledge of commonly used reporting dimensions
  • Ability to communicate with global team members to source data and establish new processes for report maintenance
  • Proficient in MS Office tools like Excel, Powerpoint
  • Preferred knowledge of MySQL, PowerBI & VBA

Core Values

  • Strong interpersonal, oral, and written communication and collaboration skills with all levels of management
  • Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,
  • Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.
  • Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.
  • Exemplifies our customer-focused, action-oriented, results-driven culture.
  • Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
  • Ability to act with discretion and maintain complete confidentiality.
  • Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.