Description
The role will involve implementing oversight controls across the outsourced unit pricing of unit linked funds, monitor and report key risks and controls across Investment Operations.
Key Responsibilities:
- Implement daily & monthly controls across the FL unit linked fund ranges.
- Ensure control exceptions are investigated, remediated and control improvements are identified, developed and implemented as appropriate
- Develop, maintain and update the Controls Matrix (ORCID) to ensure completeness of controls and accuracy in MI reporting.
- Ensure that all Investment Operations controls are implemented in accordance with approved policies, consistent with the principles of TCF and the ABI Guide of Good Practice for Unit Linked Funds.
- Report to Group Risk any incidents or near misses and ensure that all agreed actions are implemented within agreed timescales
- Implement daily controls over discretionary use of Shareholder capital to protect unit linked funds
- Manage the delivery of box management data from Outsourced Providers in accordance with agreed timescales
- Support the production of the monthly box management MI pack complete with analysis and commentary on data outside agreed thresholds
Key Role Criteria:
- Educated to A Level/Degree standard and/or IAQ/FPC qualified or equivalent.
- Significant technical knowledge of investment instruments, such as UTs, OEICs and SICAVs
- Knowledge of Investment Administration and Policy Admin systems
- Thorough understanding of Unit Linked Pricing and ABI guidelines
- Thorough knowledge of principles of box management
- Proven track record in Investment Operations, including asset servicing - security price collection, income collection, corporate events.
- Substantial knowledge of Investment Accounting systems
- Knowledge of investment securities & markets
- Good knowledge of MS Access & Excel
- Able to demonstrate an understanding of unit pricing practices, inputs and influences
- Proven ability to control large volumes of data with meticulous attention to detail
- Strong analytical skill, having the ability to analyse issues, present solutions & resolve problems
- Strong communication skills.
- Strong time management skill, ensuring service levels are met and also having the ability to reprioritise both individual and the teams deliverables and workload at short notice