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TIAA

Securities Valuation Associate

Chicago, IL


The primary purpose and function of the Associate within the Securities Valuation Team (SVT) is to conduct price reviews for financial instruments held within the Nuveen and TIAA-CREF Funds, affiliate institutional and retail separately-managed accounts and/or the TIAA General Account (GA), ensuring that the prices received primarily from independent pricing services are reasonable and reflect current market value. Additionally, the Associate is responsible for preparing and presenting monthly reports summarizing the results of such reviews to stakeholder groups including the respective Valuation Committees who oversee activities conducted by SVT.

Key Responsibilities and Duties

  •  Under the supervision of management or a more senior member of SVT, review price exceptions generated through daily and periodic exception reporting, validate prices through available market information and analysis and issue price challenges to the respective pricing services, when appropriate.

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Administer fair value pricing methodologies and apply price source hierarchies in accordance with approved policies and procedures.

  • Monitor financial markets and conduct independent research to develop and maintain a broad understanding of current/future macro and micro market conditions and fundamentals that may impact pricing and valuation.

  • Analyze corporate action events and ensure resulting entitlements are recorded timely and reflect current market value.

  • Prepare and present summary analysis of review activities to the respective Valuation Committees; provide requested pricing support to internal clients.

  • Prepare written event summaries and Valuation Committee meeting minutes.
     

  • Educational Requirements

    • University (Degree) Preferred
       

    Work Experience

    • 2 Years Required; 3 Years Preferred


    Physical Requirements

    • Physical Requirements: Sedentary Work


    Career Level
    6IC

    Qualifications:

    Required:

    • 2 years experience in Investment management including securities front-office trading, investment operations, fund accounting

    Preferred:

    • 3 years experience in Investment management including front-office trading, investment operations, fund accounting
    • Bachelor's Degree in Finance, Accounting, Economics or other Business degree, Master's Degree preferred
    • Previous securities valuation, securities analysis and/or corporate action experience preferred.
    • Strong analytical and problem-solving ability in order to analyze terms and conditions data, model cash flows and evaluate available market information needed to assess the reasonability of financial instrument prices
    • Determinations are typically time-critical and require sound judgment
    • General understanding of the valuation tools and techniques used to price financial instruments as well as the regulatory framework guiding financial instrument valuation for investment companies
    • Knowledge of Nuveen and TIAA’s investment products and strategies
    • Excellent written and verbal communication skills as well as strong presentation skills are required for the role
    • The Associate will work closely with SVT team members, analysts from the Investment Risk and Oversight teams, Data Management, Investment Operations, IT, Fund Administration, Compliance, Internal Audit as well as the respective investment managers
    • Associate will prepare and present summary analysis of review activities to the respective Valuation Committees consisting of senior members of Management
    • External communications include third party subadvisors, fund accounting and custody administrators and pricing services

    Potential Salary: $72,800.00 USD

    Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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    Company Overview

    Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

    COVID-19 Vaccination

    TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

    Benefits and Total Rewards

    The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

    Equal Opportunity

    We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

    Read more about the Equal Opportunity Law here.

    Accessibility Support

    TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

    If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

    Phone: (800) 842-2755

    Email: accessibility.support@tiaa.org

    Privacy Notices

    For residents of California, please click here to access the TIAA CA Applicant Privacy Notice.

    For residents of the EU / UK, please click here to access the EU / UK Pre-employment Notice.

    For all other residents, click here to access the Applicant Privacy Notice.

    Job ID: cadd54698bb15ce98de29083a1837ead597b9c8c40dc74d030e037ad10ec07ff
    Employment Type: Other