Product Owner with strong experience in Envestnet & Pershing implementation - Remote

Job Description

We are looking for an experienced professional with direct Envestnet and Pershing implementation experience to help shape product requirements and design operating processes for a new wealth product

Context

• Product: a taxable brokerage account with automated rebalancing based on defined drift criteria
• Platform: Envestnet for model management, rebalancing and trading; Pershing as custodian; models supplied by a separate model provider

Expertise needed

Deep knowledge of data flows and operations across Envestnet and Pershing. This includes

• Knowledge about Data flows, including daily files and trade order flow
• Client documents: which statements, confirmations, performance reports and tax documents are needed, who produces each, and how they are delivered
• Reporting: client, regulatory and management reporting, and what must be built vs. what comes standard
• Settlement and reconciliation: trade settlement, position and cash reconciliation between Envestnet and Pershing, and error handling
• Books and records: required records, where they are held, and retention and extract needs
• Operations: account opening and funding, exceptions for failed trades and cash shortfalls, and fee billing flow

Profile

Must have: hands-on role in at least one Envestnet and Pershing implementation, ideally a robo-advisory or managed account build

Nice to have: experience with Pershing file feeds and NetX360, wrap or advisory fee billing, cost basis and tax lot handling, ACAT transfers, cash sweep