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- Tasks: Join a dynamic team overseeing fund operations, trade processing, and reconciliations.
- Company: Be part of a leading multi-asset fund manager with over £10 billion AUM.
- Benefits: Enjoy hybrid working options and a collaborative work environment.
- Why this job: Gain hands-on experience in investment management while supporting trading desks and fund managers.
- Qualifications: 3-6 years in fund operations; strong understanding of investment management processes required.
- Other info: Opportunity to contribute to projects and act as a subject matter expert.
The predicted salary is between 48000 - 72000 £ per year.
Operations Specialist – Fund Manager
Market Talent Limited London, United Kingdom
Our client, a City based Multi-Asset fund manager is seeking a highly experienced Investment Operations person with 3 – 6 years of experience in fund operations, security settlements, corporate actions events and cash/stock reconciliations. They are seeking a self-starter who can join the team confidently and hit the ground running. Current AUM is circa £10+ billion with over 170 employees in the UK. Hybrid working offered.
Overall Job Purpose
Oversight with the team for our outsourced custody (NT) and middle/back-office functions responsible for trade processing, matching and settlement; security reconciliations and standing data maintenance, all within agreed quality, timing, and output targets, together with NAV reconciliation (investment trusts) and Corporate Actions. We are responsible for supporting trading desk and fund managers reacting to and resolving issues as and when they arise, so must have a thorough understanding of the end-to-end investment management process.
General Support
- Support Senior Investment Services Manager and Head of Investment Services with their responsibilities as required.
- Implement, manage and contribute towards projects as required (i.e. system, product and regulatory changes).
- Act as a subject matter expert for custody and middle/back-office issues.
- Contribute to oversight program for all functions carried out by third party vendors.
- Provide support to the Head of Investment Services – Fixed Income.
Middle Office
- Review daily reconciliation of stock and cash between Bloomberg AIM and NT IOO records and assist in the investigation of breaks where necessary.
- Daily portfolio reconciliation against the fund administrators / custodian NAV reports; investigation of all differences outside of agreed tolerance levels, updating of cash positions on Bloomberg AIM to agree to NAV reports (investment trusts).
- Any other reconciliation requirements (e.g. structured product pricing).
- Monitoring all aspects of derivative lifecycle (ETF and OTC).
- Investigate and resolve any breaks with prime brokers and fund administrators (CFD trading).
- Ensure that all regulatory reporting is carried out either internally or by outsource partners accurately and within deadlines.
- Monitor oversight of daily Bloomberg RHUB function, including management of periodic reconciliation and maintenance of associated issues log.
- Respond to queries from internal and external partners and clients and escalate where necessary to senior managers.
- Instruction of Investment Manager decisions for all non-mandatory corporate actions to third party administrator / custodian.
- Completion and maintenance of tax documentation (e.g. W-8BEN-E).
- Production of Internal MI as requested.
- Monitoring trade flow to outsourced middle office.
- Process security and FX trades; instruct settlement of trade transactions in line with the underlying fund’s valuation points and reporting requirements.
- Utilising CTM OMGEO, monitor trade matching process, check output, record unmatched items and then follow up (investment trusts).
- Send trade instructions to fund administrator via web portal upload or email and ensure all transaction cut-off periods are met (investment trusts).
- Issue settlement instructions for trades (utilising CTM OMGEO, web portal upload or via fax) and other transaction types to custodian within agreed timescales (investment trusts).
- Match security trades based on details received from fund managers and brokers; resolve trade discrepancies with brokers.
- Liaise internally with Dealing Desk to update trades; check output to ensure that details are accurately reflected onto the portfolios.
- Follow up queries with client / brokers; daily check of failed trades information received from custodian as well as investigating interest claims that have been received.
- Ensure trade confirmations where required, are received from brokers.
- Process fund payments, notifying fund managers of cash movements.
- Process and submission of placing / sub-underwriting participation documentation, including onward reporting to fund administrators / custodians for settlement & inclusion in NAV(s) where applicable.
- Reconciliation of month end financing fees, interest (CFD trading).
- Month end stock reconciliations to custodian records (investment trusts/seg mandates).
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Operations Specialist - Fund Manager | London, UK employer: Market Talent Limited
Contact Detail:
Market Talent Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Specialist - Fund Manager | London, UK
✨Tip Number 1
Familiarize yourself with the end-to-end investment management process. Understanding how each component interacts will help you demonstrate your expertise during interviews and show that you can hit the ground running.
✨Tip Number 2
Brush up on your knowledge of trade processing, security settlements, and corporate actions. Being able to discuss these topics confidently will set you apart as a candidate who is ready to contribute from day one.
✨Tip Number 3
Network with professionals in the fund management industry, especially those who work in operations. They can provide insights into the role and may even refer you to opportunities within their organizations.
✨Tip Number 4
Stay updated on regulatory changes affecting the investment operations sector. Showing that you are proactive about compliance and regulations can make you a more attractive candidate for this role.
We think you need these skills to ace Operations Specialist - Fund Manager | London, UK
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in fund operations, security settlements, and reconciliations in your application.
Tailor Your CV: Customize your CV to reflect your experience in investment operations. Emphasize your skills in trade processing, corporate actions, and cash/stock reconciliations. Use specific examples that demonstrate your ability to hit the ground running.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and the company. Mention your self-starter attitude and how you can contribute to the team. Be sure to connect your past experiences with the job's requirements.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and well-presented. A polished application reflects your attention to detail.
How to prepare for a job interview at Market Talent Limited
✨Understand the Investment Management Process
Make sure you have a solid grasp of the end-to-end investment management process. Be prepared to discuss how your experience aligns with the responsibilities outlined in the job description, especially regarding trade processing and reconciliation.
✨Showcase Your Problem-Solving Skills
Since the role involves resolving issues as they arise, be ready to share examples from your past experiences where you successfully identified and solved problems in fund operations or reconciliations.
✨Familiarize Yourself with Regulatory Requirements
Brush up on the regulatory reporting requirements relevant to fund management. Being able to discuss how you've handled compliance in previous roles will demonstrate your expertise and readiness for this position.
✨Highlight Your Team Collaboration Experience
This role requires working closely with various teams, including senior managers and external partners. Prepare to talk about your experience collaborating with others and how you can contribute to a positive team dynamic.
