Cash Equity, Fixed Income & OTC Derivatives Asset Management Trade Support & Investment Operation...

Job Description

The Role

Cash Equity, Fixed Income & OTC Derivatives Asset Management Trade Support & Investment Operations (City of London, multi-billion $AUM Asset Manager)

Martis Search are representing a City of London based Institutional Asset Management company to hire a permanent “Cash Equity, Fixed Income & OTC Derivatives Asset Management Trade Support” specialist.

In-our-opinion, they are one of the best boutique Asset Managers to work for in the UK. Some great selling points about the company are as follows:

• The Asset Manager boasts almost no turnover of staff, so are both successful and a stable working environment.
• The role is a broad and varied Operations role.
• The Asset Manager has a solid multi-billion $ AUM.
• The company has a small and friendly Middle Office Operations team.
• The Asset Manager offers a great employment benefits package.
• Good working hours.

The role reports into their London based “Head of Operations.”

In essence, you will be fully responsible for the end-to-end Trade Support and Operations, supporting their London based Portfolio Management team.

Our client is looking for someone with solid, ideally 3-5 years +, Asset Management Trade Support experience, ideally covering global Cash Equity, Fixed Income & OTC Derivatives. Any experience of using the Bloomberg AIM OMS is highly desirable, as well as OMGEO CTM but not mandatory.

The company offers a hybrid mix of working-from-home and also in-the-office, but for the initial first three months, you will be expected to go into the office full-time for on-the-job training.

This is an amazing opportunity for someone to work for a very successful Asset Management company, and they also offer study support, i.e. IOC, IMC, CFA, or even Excel, VBA, or Python courses.

Job Purpose

• Oversight of outsourced custody 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.
• Responsible for supporting trading desk and fund managers. React to and resolve issues as and when they arise, so must have a thorough understanding of the end-to-end investment management process.
• Ensure that our business operates within the rules and guidelines as set out in the regulations that govern both Asset Manager and the products offered by the Asset Manager.
• Manage and deliver projects as directed by the Senior Investment Services Manager and the Head of Investment Services.
• Act as cover/support for the Head of Investment Services - Fixed Income during periods of absence/busy periods.

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/Trade Support

• 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 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 & 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).

Salary

Between £50k pa - £65k pa dependent upon experience, plus an annual discretionary bonus, excellent Pension, Life Assurance, Death-In-Service, Annual Leave Purchase Scheme, Cycle-to-work scheme.