At a Glance
- Tasks: Oversee private funds, ensuring compliance and effective management.
- Company: Join Rathbones, a leading investment management firm in Liverpool.
- Benefits: Enjoy a competitive pension, private medical insurance, and flexible holidays.
- Other info: Diverse and inclusive workplace with excellent professional development opportunities.
- Why this job: Make a real impact in fund governance and compliance while growing your career.
- Qualifications: Senior-level experience in fund management and strong regulatory knowledge required.
The predicted salary is between 60000 - 75000 £ per year.
Private Funds Governance Manager
Division: Operations
Location: Liverpool
Contract: Permanent
Working pattern: Hybrid
About the Role
Monitor and oversee the Private Closely Held Funds managed by Rathbones Investment Management (RIM) Investment Directors, manage the relationship of the Authorised Corporate Director (ACD) and Global Custodians, and ensure appropriate controls are in place.
Responsibilities
- First-line oversight of RIM-managed private funds, ensuring all funds are managed in accordance with their prospectus objectives, the FCA COLL Sourcebook and the Investment Management Agreement.
- Provide effective oversight of investment management activities, maintain strong relationships with Third-Party ACDs, and ensure regulatory, governance and operational standards are consistently met.
- Act as the central point of coordination between Investment Directors, Operations, Compliance and external service providers, overseeing regulatory rule mapping, performance and CIO challenge processes, ACD due diligence, and fund documentation.
- Ensure appropriate training and competence of investment staff, support regulatory change implementation, provide assurance over ACD operations, and represent the investment manager at governance forums such as Management Committee meetings.
About you
- Senior-level experience in authorised funds and investment management with a track record of effective first-line oversight across private funds.
- Deep knowledge of FCA COLL requirements, fund governance, prospectus compliance, Investment Management Agreements and hands-on experience engaging with ACDs, auditors and internal control functions.
- Experience leading performance and risk oversight, regulatory change implementation and fund documentation governance within regulated environments.
- Demonstrable experience providing first-line oversight of fund management activities, monitoring asset allocation, investment objectives, performance and valuation compliance.
- Ability to translate regulatory requirements into practical policies, procedures and rule-mapping frameworks, ensuring regulatory change is implemented effectively and embedded in day-to-day operations.
- Well-developed stakeholder management skills to work constructively with Investment Directors, ACDs, Operations, Compliance and external auditors, confidently representing the investment manager at governance forums such as ManCo meetings.
- Strong analytical and risk management capability, with experience overseeing CIO challenge processes, performance reviews, breach management and operational risk reporting.
- Robust understanding of fund documentation and disclosures (KIIDs, factsheets, annual reports), fund launch governance and training and competence requirements for investment staff, ensuring high standards of control, transparency and client protection across the private funds proposition.
- Experience supported by relevant professional qualifications or equivalent industry expertise, continuous professional development, and strong regulatory judgement aligned to client protection and supervisory expectations.
Our offer to you
We want everyone at Rathbones to fulfil their potential in an environment where you are proud to work and feel like you belong.
Benefits
- Company pension – 9% non-contributory or 10% if you contribute 5%
- Private medical insurance – Individual on joining, family after 1 year's service
- Life assurance – 8x salary
- Company share scheme
- Discretionary bonus
- Flexible holidays – purchase up to 5 additional days
- Green Car Scheme
- Family-friendly policies – enhanced family leave for parents and carers
- Study support – study days and funding for courses and qualifications
- Season travel ticket loans
- Other voluntary benefits you can choose to suit you
EEO Statement
We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values. We’re a Disability Confident Employer (level 2) under the UK Government scheme. If you require adjustments to apply for a role at Rathbones, please contact us via recruit@rathbones.com to let us know what adjustments you may need.
Funds & Oversight Manager in Liverpool employer: Rathbone Brothers
Rathbones Investment Management is an exceptional employer, offering a dynamic and supportive work environment in Liverpool for the Funds & Oversight Manager role. With a strong commitment to employee growth, we provide comprehensive benefits including a generous pension scheme, private medical insurance, and flexible holiday options, ensuring our team members feel valued and empowered. Our inclusive culture fosters collaboration and innovation, making Rathbones a place where you can thrive professionally while contributing to meaningful financial governance.
StudySmarter Expert Advice🤫
We think this is how you could land Funds & Oversight Manager in Liverpool
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience in fund management and oversight.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Funds & Oversight Manager in Liverpool
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in authorised funds and investment management. We want to see how your skills align with the role of Funds & Oversight Manager, so don’t hold back on showcasing your relevant achievements!
Showcase Your Knowledge:Demonstrate your understanding of FCA COLL requirements and fund governance in your application. We’re looking for someone who can translate regulatory requirements into practical policies, so give us examples of how you've done this in the past.
Highlight Stakeholder Management Skills:Since this role involves working closely with various stakeholders, make sure to emphasise your experience in managing relationships with Investment Directors, ACDs, and compliance teams. We want to know how you’ve successfully navigated these interactions before!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Rathbone Brothers
✨Know Your Regulations
Make sure you brush up on the FCA COLL requirements and fund governance principles. Being able to discuss these in detail will show that you’re not just familiar with the regulations but can also apply them practically in your role.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've effectively managed relationships with ACDs, auditors, and internal teams. Highlighting your ability to coordinate between different parties will demonstrate your strong stakeholder management skills, which are crucial for this position.
✨Demonstrate Analytical Prowess
Be ready to discuss your experience with performance reviews and risk oversight. Bring specific examples of how you've handled operational risk reporting or breach management, as this will showcase your analytical capabilities and attention to detail.
✨Prepare for Governance Discussions
Since you'll be representing the investment manager at governance forums, think about how you would approach discussions in Management Committee meetings. Prepare to articulate your views on fund documentation and compliance, showing that you can confidently contribute to high-level conversations.
