At a Glance
- Tasks: Support fund operations, monitor valuations, and liaise with investment managers.
- Company: Join a leading investment firm focused on innovation and client success.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Fast-paced environment with strong potential for career advancement.
- Why this job: Be part of a dynamic team making impactful decisions in fund management.
- Qualifications: Degree in Mathematics, Economics, or Accounting; fund accounting experience preferred.
The predicted salary is between 40000 - 50000 £ per year.
The EMEA Fund Operations Team provides operational and administrative support to Russell Investments’ fund complexes and client accounts. A principal focus is on the oversight of accounting, custody, and administration activities, which are outsourced to third-party service providers. Responsibilities include daily monitoring of fund valuations and the production of fund prices, acting as the escalation point for any issues. There is also liaison with the multiple investment managers trading for the fund and client portfolios. The team provides operational support to all areas within Russell Investments business lines, including portfolio managers, client relationship managers, together with compliance, risk, legal and other support functions. There is a close working relationship with the Product Solutions Team to implement new business initiatives such as the launching of new funds.
Responsibilities
- Regulatory & Business conduct: Displaying exemplary conduct and living by our organization’s Code of Conduct. Taking personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct across the business. Effectively and collaboratively identifying, escalating, mitigating and resolving risk, conduct and compliance.
- Controls and Oversight: Assisting with the oversight of the Team’s processes and control functions, this will include evaluating current procedures and various checklists and the preparation of risk assessment for various functions within the team. Assisting in the preparation of board materials for the various Boards and Committees. Fielding and coordinating responses to audit queries, ensuring accurate and timely information is provided to external auditors during their review of financial statements.
- Fund Accounting: Oversight of fund accounting activities including NAV oversight and expense management. This will include reviewing NAV deliverables, working closely with third party administrators and internal Risk team to investigate the root cause of any NAV errors that may occur, to assess their impact and ensure robust corrective actions are implemented to prevent recurrence. Assisting with the fund’s tax oversight activities including recoverable withholding tax. Assisting with various activities in relation to fund expenses and fund budgets, including analysis and reporting of fund Ongoing Charge figures and transaction costs. Preparing materials for the Securities Valuation Committee. Oversight of fund distribution calculations and payments. Reviewing performance fee calculations.
- Support New Business and Fund Launches: Assisting with new business initiatives such as the launch, closure, or merger of funds. Assessing the operational impact and requirements. Working with third-party providers to ensure smooth implementation. Oversight of Market Openings.
- Third Party Providers: Oversight of third-party service providers including fund administrators and custodians. Analyzing monthly data to identify trends or issues as they arise. Taking a pro-active role in the reporting and resolution of issues. Identifying service improvements where possible.
Qualifications
- Relevant BSC/BA (Mathematics / Economics / Accounting or similar) or equivalent experience / qualifications.
- Fund accounting / custody experience gained within an asset manager or third-party administrator required.
- Excellent PC skills in both Microsoft Excel and Word (Macros skills desirable).
- Strong client service and communication skills (oral and written). Uncovers and meets the needs of both the internal and external clients. Maintains regular contact and builds strong working partnerships with clients and suppliers. Acts with urgency and works hard to address client demands. Ability to work under pressure.
Analyst, Fund Operations in London employer: Russell Investments
Russell Investments is an exceptional employer, offering a dynamic work environment in the heart of EMEA, where employees are encouraged to uphold the highest standards of ethics and compliance. With a strong focus on professional development, team collaboration, and innovative business initiatives, employees have ample opportunities for growth while contributing to meaningful projects that impact fund operations and client success. The company's commitment to employee well-being and a supportive culture makes it an attractive place for those seeking a rewarding career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Analyst, Fund Operations in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Russell Investments. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Analyst, Fund Operations in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Russell Investments.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Russell Investments's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Russell Investments
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Russell Investments.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Russell Investments will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Russell Investments employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
