Description
Fund Onboarding Consultant
Fund Services, Middle Office Outsourcing, Fund Accounting, Onboarding
New contract opportunity for an experienced Consultant/senior BA, expert in Fund Services and Middle Office outsourcing, to join one of the world's leading Investment banks, working on a key change programme within the Fund Services division. Strong expertise in fund services/Middle Office outsourcing/fund accounting/asset management is essential.
Fund Services
The Bank provides complete investment services for institutional, alternative and wealth managers, delivering Middle Office, fund services, custody, and investing and financing solutions that are focused on our clients' specific challenges and customized to their individual needs.
In the constantly changing and demanding environment of financial services with more and more new regulations the ability to effectively on-board clients in a thorough and efficient manner is a key differentiator to winning new business in this highly competitive industry.
As part of an ongoing transformation programme, the Fund Services/Investor Services business area has recognised needs to develop and implement a process and procedure manual for client due diligence and onboarding. This will form the bedrock for establishing commercially viable contractual agreements with clients whilst ensuring the effective execution of all repeatable activities.
Key Responsibilities
- Review the current processes, procedures and approach undertaken to conduct client due diligence and on-boarding.
- Define and document the best practice activities and standards that will underpin the future of the banks offering, ensuring all regulatory requirements are met.
- Document the roles and responsibilities for all resources involved in each process. This is to include all client, third party and in house resources.
- Design and configure the work flows that will ensure that the implementation is thoroughly planned and executed for each new client
- Implement and embed the new procedures and processes within the organisation, clients and third parties
- Establish the project governance structure to ensure successful delivery of this programme.
- Agree processes and procedures with senior business and regulatory Executive committees across the organization.
Desired Knowledge and Experience
Strong understanding of client onboarding processes and best practices within Fund/Investor Services (Middle Office outsourcing) and an extensive background working in fund services or asset management.
Experience of working within a regulatory/control environment with knowledge of regulatory developments in each region (EMIR, Dodd Frank and FATCA compliance).
Significant knowledge of the capital markets and an understanding of the key operations processes that support capital markets activities.
Client on-boarding process design and definition.
Experience of performing due diligence and/or implementing similar outsourcing programmes.
Able to engage and establish close working relationships with Subject Matter Experts (SMEs) whilst demonstrating a quick and thorough understanding of their current challenges.
Skills
In depth application of project/programme management skills preferably within a regulated environment.
Confidence and ability to convincingly structure, summarise, defend and present recommendations and actionable activities.
Strong analytical skills in assessing issues, piecing together disparate information to form a complete view.
Strong written skills ensuring that processes and procedures are clearly articulated and documented.