At a Glance
- Tasks: Lead a team ensuring high-quality financial reporting and compliance in asset servicing.
- Company: Waystone, a top asset-servicing solutions provider with 25 years of experience.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Join a collaborative team focused on continuous improvement and operational excellence.
- Why this job: Make a real impact in the finance industry while developing your leadership skills.
- Qualifications: Experience in fund administration and strong communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.
Role Purpose
The primary purpose of the FA Oversight team is to ensure high quality output and regulatory compliance of NAV production and financial reporting activities outsourced to third party service providers, particularly in relation to the production and dissemination of fund/class prices, financial statements, and associated deliverables.
This will be achieved through:
- Ongoing monitoring and due diligence
- The identification and mitigation of operational risk
- Building and maintaining good relationships with stakeholders
- The application of collective investment industry knowledge and experience
- Putting investors first
- Ensuring accounting standards and policies are continually maintained
This role will play an integral part in achieving this objective.
Key Accountabilities & Main Responsibilities
Strategic Focus
- Understand and challenge the output from third-party service providers to ensure required service standards are achieved.
- Ensure the escalation of issues in accordance with the team’s escalation procedure.
- Review Management Information and Key Performance Indicators produced by third-party service providers, and internally, providing input for reporting to senior management and Investment Managers.
- Contribute to Due Diligence assessments of third-party service providers, as required, and provide reports to senior manager on findings.
- Ensure timely and accurate response to queries raised by third-party service providers and fund auditors.
- Attend service review meetings, as required, to support the resolution of service issues.
- Build and maintain good relationships with key stakeholders, including third-party service providers, Investment Managers, Trustees/Depositaries, Custodians, and internal teams.
- Support senior management on any ad hoc projects or deliverables.
Operational Management
- Establish and manage the delivery of continuous improvement plans.
- Ensure ongoing monitoring and challenge of continuous improvement plans of the third-party service providers.
- Ensure pControl system for Oversight and Back-up NAV is maintained to reflect fund and regulatory change activity, along with appropriate validations and data to support the oversight of third-party service providers.
- Ensure work is allocated to the team in a timely manner and completed in accordance with deadlines, procedures, and relevant service levels.
- Facilitate fund change as required to ensure successful delivery in accordance with investor appropriate outcomes, along with Investment Manager and regulatory requirements.
People Leadership
- Effectively manage a team to ensure objectives are met.
- Establish and manage team training plans to ensure knowledge and experience is developed and maintained, and deliver training as required.
Governance & Risk
- Develop and maintain appropriate procedures for activities within the team, and in conjunction with external parties for outsourced services.
- Ensure breaches are recorded accurately and in accordance with deadlines.
- Produce MI as required for reporting to senior management.
- Support internal and external audits through provision of documentation and response to queries.
Experience & Personal Attributes
- In depth knowledge and understanding of the UK collective investment industry, including accounting and the regulatory environment.
- Proven experience of leading a team, including performance reviews, coaching and resource planning.
- Excellent communication skills, both written and verbal.
- Excellent analytical skills and the ability to challenge information and results.
- Experience of working to strict deadlines whilst maintaining a high level of accuracy.
- Good working knowledge of Microsoft applications (e.g. Excel, Word, Outlook).
- Recognised industry qualification (e.g. IOC).
- Recognised accountancy qualification desirable.
- Practical experience of working in fund administration operations desirable.
Key Relationships
- Third Party Oversight Team
- Asset Operations Team
- IRP Team
- Product Team
- Client Services Team
- Third Party Service Providers
- Fund Auditors
- Trustees/Depositaries
- Custodians
- Investment Managers
Manager - NAV Oversight in Leeds employer: Waystone Governance Ltd.
Waystone is an exceptional employer that prioritises employee growth and development within a dynamic and innovative work culture. With a strong focus on governance and compliance in the financial sector, employees benefit from comprehensive training programmes and opportunities to engage with industry leaders, all while working in a collaborative environment that values integrity and excellence. Located in a vibrant area, Waystone offers a supportive atmosphere where team members can thrive and contribute meaningfully to the success of our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - NAV Oversight in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and asset management sectors. Attend industry events or webinars where you can meet potential employers and showcase your knowledge about NAV oversight and compliance.
✨Tip Number 2
Prepare for interviews by brushing up on your understanding of the UK collective investment industry. Be ready to discuss how you can ensure high-quality output and regulatory compliance, as well as how you would handle operational risks.
✨Tip Number 3
Showcase your leadership skills! If you’ve led teams before, share specific examples of how you managed performance reviews and training plans. This will demonstrate your ability to effectively manage a team in a fast-paced environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.
We think you need these skills to ace Manager - NAV Oversight in Leeds
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Manager - NAV Oversight. Highlight your experience in financial reporting and regulatory compliance, as well as any relevant leadership roles you've held. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Be sure to mention your understanding of the UK collective investment industry and your approach to building relationships with stakeholders.
Showcase Your Analytical Skills:Since this role involves a lot of analysis and oversight, make sure to highlight your analytical skills in your application. Provide examples of how you've successfully challenged information or improved processes in previous roles. We love seeing candidates who can think critically!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Waystone Governance Ltd.
✨Know Your NAV Inside Out
Make sure you brush up on your knowledge of NAV production and financial reporting. Understand the key metrics and standards that are crucial for the role, as well as the regulatory environment surrounding them. This will help you demonstrate your expertise and confidence during the interview.
✨Showcase Your Stakeholder Skills
Since building relationships with stakeholders is a big part of this role, prepare examples of how you've successfully managed relationships in the past. Think about times when you’ve resolved issues or improved communication with third-party service providers or internal teams.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific situations related to operational risk or compliance. Prepare by thinking through potential challenges you might face in the role and how you would address them. This shows your analytical skills and ability to think on your feet.
✨Demonstrate Continuous Improvement Mindset
The role involves managing continuous improvement plans, so be ready to discuss how you've implemented improvements in previous roles. Share specific examples of how you identified areas for enhancement and the impact it had on your team or organisation.
