Pension Operations and Controls Professional in Armonk, NY at IBM

Date Posted: 9/11/2018

Job Snapshot

Job Description

IBM Retirement Funds is responsible for oversight of IBM’s defined benefit (DB) and defined contribution (DC) pension funds, including portfolio management, risk management, investment operations and controls. In the US, primary oversight is of the US DB and DC funds, with combined assets of approximately $100 billion. Support for DB/DC pension funds outside the US is also provided, working closely with pension professionals in the respective geographies.

Job Duties:
This role has fiduciary responsibility for oversight, operations and controls of IBM's US defined benefit (DB) and defined contribution (DC) funds as well as analysis and consolidation of Non US DB/DC fund information.

Responsibilities include:
  • executing and enhancing financial and operational controls of the US DB and DC funds
  • working with fund personnel on all operational aspects of the funds, including cash movements/reconciliations, investment manager compliance and operational controls
  • working with our custodians on fund oversight and controls
  • assisting with the US DB/DC fund regulatory filing requirements
  • supporting all internal and external audits
  • overseeing Sarbanes Oxley reporting
  • consolidating and analyzing information across IBM’s global pension funds.

A good understanding of investment operations and controls as well as a strong financial/accounting background are required. An understanding of the capital markets, and in particular, fixed income, as well as an understanding of derivatives (exchange traded, cleared and over the counter) are highly preferred.

Must have the ability to work in the US without current/future need for IBM sponsorship.

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