Wallace Myers International Executive Recruitment & Professional Staffing

Alanna Mulcair

Alanna has over 8 years Financial Services recruitment experience at a management level. She is a highly motivated, conscientious and dedicated individual with huge focus on Client/Candidate relationship management.

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Operations & Outsourcing Manager - Asset Management

Dublin City Centre, Dublin
€65000 - €80000 per annum Bonus, Pension, Health Insurance

My Client an Asset Management company is looking for an Operations Manager to manage their Middle Office and Outsourcing.

Main Responsibilities:

Daily Operations:

  • Coordinating and overseeing the day-to-day activity of outsourcing Middle Office, Administration, Investment Team, settlement, ensuring the business day of the Management Company runs smoothly.
  • Timely escalation and resolution of all potential and actual issues.
  • Facilitate the solution of settlement fails.
  • Reviewing reconciliations between counterparties, custodians and administrators, coordinating investigations among different outsourced service providers.

Daily Middle Office:

  • Dealing with Global Transfer Agent. and Local Transfer Agent. in projecting cash flows due to subscriptions/redemptions.
  • Liaise with investment managers and counterparties to ensure pre-trade, and trade matching issues are resolved on a timely manner.

System Review:

  • Ensure that Front Office system is up to date in terms of limits definitions, product set up and definitions.

SLA Review:

  • Design Process Management Flow with both Custodian and Administrator of Luxembourg and Irish Umbrella Fund.
  • Oversight and Supervision of Service Providers: Including initial and ongoing due diligence, service review meetings review of monthly/quarterly/ ad-hoc and board reporting.
  • Collaborating and overseeing the work of more junior team members and providing guidance as necessary.

Management of Fund Services:

  • Review the computation of the Ongoing Charges of the Fund Administrators, providing periodic Budget, Budget updates and reviewing the actual numbers with expectations, explaining main variations.

Management of Distribution Requirements:

  • In relation to Reporting of UCITS products, ability to manage the requirements and the expectations of the Distributors, regarding EMT, EPT, Look through insurance approach, PRIIPS.
  • Ensure SLA/SLDs are periodically reviewed and kept up to date.
  • Assist the Administrator(s) and Head of Operations in performing life cycle events on the sub-funds promoted by the Company (dividend distributions, maturities, etc, Company liquidations, mergers, etc).

NAV check Operations:

  • Perform periodic checks on NAV, validating derivative price and level 2 and level 3 prices.
  • Back up function of the organisational role.

BOD Reporting:

  • Prepare and distribute periodic reports to Investment Committee and the Board of Directors.

Key Requirements:

  • Third level qualification in Accountancy, Finance or a Business discipline.
  • Relevant 7 years' experience in a Middle Office/Back Office/Operations functions preferably within the capacity of Asset Management/Investment Management (preferable) or UCITS Management Company Experience.
  • Strong knowledge of UCITS, and other relevant financial products, instruments and markets. Knowledge of ETFs a plus.
  • Has a keen interest in keeping up to date with financial market knowledge.
  • Experience in an oversight capacity (with a fund management company, depositary, etc.) would be of interest. Required strong planning, problem solving.
  • Required Strong client stakeholder management experience.
  • Ability to work on own initiative and to meet deadlines.
  • Comfortable dealing with ambiguity.
  • Well organized with strong time management skills.
  • Experience of due diligence preferable, but not essential.
  • Be enthusiastic and eager to learn, self-starter.
  • Enrolment in professional programs is a plus, as is evidence of continuous self-development

At Wallace Myers International Recruitment Agency we specialise in sourcing professionals for key industries and services. See our website for more details.

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This position was pPosted on 18 Jan 2023

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