Head of Investment Operations

Recruiter
Blackrock Search Ltd
Location
Wolverhampton
Salary
£70,000 per annum
Posted
12 Jan 2019
Closes
09 Feb 2019
Contract Type
Full Time

Do you want to be part of a fast growing and exciting fund management company, managing local government pension funds?

The aim of the Client is to use the combined buying power of its Partner Funds to reduce costs, improve investment returns and widen the range of available asset classes for investment - all for the benefit of local government pensioners,

The management of Local Government Pension Scheme funds is going through significant change, providing career-changing opportunities for those who have the relevant investment experience and who want to work within a company which values integrity, trust, transparency, diversity, fairness and partnership. Our Client aims to be a centre of excellence and they seek candidates who share their values.

As part of the finance and operations senior management team the Head of Investment Operations will have responsibility to ensure the effective and efficient workings of all aspects of investment operations support.

This senior position will lead, manage and direct a small investment operations team in the delivery of excellent service to internal and external clients.

Financial

  • Departmental budget

Delegated Authority Levels

  • Appropriate levels for Head of Operations

Just Some of our Clients Key duties:

  • Develop and manage a vendor and outsource oversight framework to include trading systems, middle office, transfer agency, fund administration, custodian, depositary
  • Ensure the completeness, accuracy and integrity of daily transactions, prices, NAV’s, positions and values through robust control processes
  • Monitoring commercial arrangements with outsource service provider
  • Working with vendors to deliver cost effectiveness, scalability and support appropriate to the business
  • Management of all investment operations activities retained in-house
  • Engagement with investment team to ensure timely and efficient transaction processing and query management
  • Responsible for establishing and continually improving a robust internal control and operational risk management framework within internal investment operations and also within the oversight framework
  • Development of MI dashboard and regular reporting for Committees and Boards
  • Manage department budget
  • Work in close collaboration with the project team for new Products
  • To lead Operational Due Diligence meetings and participate in the on boarding of new managers
  • Completion of FCA regulatory documentation for new Fund Launches e.g. Prospectus
  • Providing advice and support to staff when dealing with process changes and management of exceptions
  • Ensure adherence to regulatory and industry best practice
  • Responsible for internal and external Audit reviews
  • Develop and manage a vendor and outsource oversight framework to include trading systems, middle office, transfer agency, fund administration, custodian, depositary

The Skills/Knowledge/Experience/Competence our client is expecting:

  • Held a senior role in asset management operations
  • Experienced in writing documentation for senior management
  • Knowledge of current investment operations processes
  • Experience of a wide range of asset classes including equity, fixed income, infrastructure, PE, property and derivatives
  • Experience of oversight of outsource providers, in particular middle office, fund administration, custodian and depositary.
  • Deep knowledge of the operational aspects of unitised fund products
  • Strong leadership skills
  • Effective communication and influencing skills
  • Experience of managing change

Qualifications:

  • Sound regulatory knowledge, especially of current regulations such as MiFID II, AIFMD, EMIR
  • Preferably degree level or equivalent in relevant discipline

Values:

  • Integrity
  • Service Delivery
  • Supportive Workplace
  • Togetherness
  • Outward Focus

Behaviours:

  • Open, fair and transparent
  • Honest and trustworthy
  • Empowered in making right decisions
  • Accountability for results and delivery

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