President, Fund Administration

Bridge Builder Trust and the $35B Edward Jones Money Market Fund. As President of both funds, the position involves representing their respective advisers in key governance processes, including annual contract renewals and board interactions. The role leads two specialized teams responsible for fund platform initiatives, valuation oversight, compliance, and liquidity management, while also chairing cross-functional operations meetings. Additional responsibilities include negotiating sub-adviser fees, managing large-scale fund transitions, and guiding vendor strategy across critical service providers. The ideal candidate will bring over 15 years of financial industry experience, deep expertise in 1940 Act mutual funds, and a proven track record of strategic leadership and stakeholder engagement.
What you'll do:
Lead Strategic Direction

• Assist in the Development and lead the execution of the business plan for the Bridge Builder Funds.

• Set strategic goals aligned with Edward Jones priorities and expand product offerings to support financial advisers and clients.

Oversee Functional Teams

• Manage PFSM teams including:

• Accounting Oversight

• Investment Guidelines

• Fund Services

• Board Oversight

• Valuation and Execution

• Ensure daily fair valuation, trade cost analysis, and regulatory compliance.

Governance & Board Engagement

• Serve as primary liaison to the Board of Trustees

• Lead preparation and execution of Board meetings and ensure Board is informed on strategy and initiatives.

• Represent the adviser and funds in the annual 15c contract renewal process.

Vendor Management & Oversight

• Lead strategy and fee negotiations with Tier One vendors (Fund Accountant, Custodian, Transfer Agent, Distributor).

• Oversee due diligence and performance of strategic partners and vendors.

Fund Operations & Transitions

• Oversee execution of large-scale fund transitions (often > $1B) due to sub-adviser or model manager changes.

• Ensure smooth operational execution and risk management across all fund activities.

Regulatory & Compliance Leadership

• Maintain expert-level understanding of the 1940 Act and ensure adherence to regulatory requirements.

• Chair Valuation and Liquidity Committees and monitor investment guidelines.

Cross-Functional Collaboration

• Partner across all adviser functions to drive growth, change, and strategic initiatives for Proprietary Funds.

• Serve as escalation point for complex decisions and mentor team members.

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: $202200
Hiring Maximum: $344200

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.

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Skills/Requirements

• 15+ years of directly related financial industry experience

• Bachelor's degree is required. MBA degree preferred

• Outstanding verbal and written communications skills. Proven capabilities in preparing for, and presenting to, high-level internal leadership, external Boards, industry regulators, and 3rd party service providers required.

• Expert-level understanding of 1940 Act mutual funds and related investments required

• Proven ability to initiate, champion, and execute on critical platform-level and firm-level initiatives

• Strong analytical, problem solving, and organizational skills

• Proven experience in leading, mentoring and providing feedback to fellow associates

• Demonstrated experience in serving as a point of escalation for complex or difficult decisions

• Strong analytical skills with good attention to detail

• Ability to partner with applicable business areas and outside service providers regarding the design and operation of Funds' platform strategies.

• Ability to maintain a balance of risk and reward to facilitate business growth while effectively managing risk

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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

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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.

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