Contact us
Location
London
Advertising Salary
Up to £75,000

The opportunity

The main purpose of this role is to be responsible, via effective systems and controls, for a range of in-house and outsourced Middle and Back Office operational and service delivery activities, comprising:

  • Investment operations - operational relationship management of appointed investment houses, service level agreements, query management and ongoing reviews;
  • Fund accounting - oversight of the outsourced pricing agent, oversight of the production of the annual/interim Report & Accounts, service level agreement, query management and ongoing review;
  • Fair Valuation processes – supporting the activities of the Valuation and associated Committees, query management, reporting and ongoing reviews;
  • Post trade Investment & Borrowing Power query support and data analysis, utilising in-house systems;
  • Achieve a detailed understanding of the derivatives held within the Omnis Funds.In addition to understand each derivatives’ characteristics, know how they are being deployed, the associated investment risks, how to value them, any counter-party risks and their typical lifecycle;
  • KIID, SID and Factsheet production;
  • Transition management activities supporting Omnis’ change projects;
  • Third-party relationship management and the business lead, contributing to legal and service level agreements e.g. Investment Management Agreements; and
  • All applicable Policies and Procedures.

In the role, you will be the fund data integrity owner and have a number of reporting and trend analysis responsibilities to support the operational oversight activities and provide internal and Committee reporting.  This includes, but is not limited to, days to liquidate reporting, fund and attribution performance reporting, counterparty risk reporting and MiFID II costs & charges data.

The Middle Office team is responsible for a number of tools to support the activities above including, but not limited to, StatPro, Financial Express and Style Analytics.

You will also be responsible for the management and development of four team members, ensuring all tasks can be covered effectively within the team at all times.

This role is based in our London office with some flexible working.

Your responsibilities will include:

  • Acting as Omnis’ Middle and Back Office subject matter expert.Accountable for ensuring activities operate effectively and in accordance with the relevant regulations and industry best practices.
  • Day to day management and development of the team to ensure all tasks can be covered without key person dependency.
  • Close liaison with the Omnis Investment Team to ensure your team supports their reporting and oversight requirements.
  • Provide thought leadership and challenge to review, design and implement effective systems, controls, and procedures to oversee Omnis’ third-party service provider relationships and minimise operational risk within this task work.
  • Oversight of third-party service provider relationships (Investment Manager operational, Fund Accounting relationships and data vendor relationships), agreeing appropriate legal and SLA arrangements for the services, as required.
  • As a team, conduct effective initial and on-going operational risk reviews of all relevant outsourced third-party relationships, Fund Accounting, and Investment Management operations, in line with the agreed oversight framework.
  • Provide the appropriate inputs and packs for the various Omnis Committees and Board.Attend Board and Committee meetings to discuss relevant matters with Directors, as required.
  • Undertake operational risk reviews and transition activity for all new third-party relationships, as required.
  • As a team, participate in Omnis’ change management programmes.Activities include Fund launches, mergers and closures, systems and process changes, Investment Manager selections/ appointments/replacements, supporting platform migrations, discretionary product launches and supporting regulatory change.
  • Ensure third-party Business Continuity policies and arrangements are robust.
  • High quality and responsive issue resolution management; work closely with colleagues to ensure issues are identified and resolved in a timely manner to minimise any potential Customer, risk or financial impact.
  • Liaise with the Omnis Compliance teams to facilitate effective monitoring activities.

What will you need to succeed?

  • We are looking for an experienced investment operations and fund services professional with a Middle or Back Office background.
  • You'll have experience of overseeing material outsourced third-party service provider relationships.
  • Experience of (in conjunction with legal resources) preparing and negotiating Investment Management Agreements and Service Level Agreements.
  • IMC 1 achieved and IMC II preferred.Must be prepared to obtain IMC II within 6 months of start.
  • As a minimum, have already achieved the CISI Investment Operations Certificate, or equivalent.
  • A detailed understanding of each stage of the investment operations process (e.g., the principles of dealing and tradeflow, settlements, custody, late trades, Net Asset Value preparation or oversight, fair value etc.).
  • A good understanding of fund accounting and pricing.Pricing agent oversight sits within the team.
  • A good understanding of the Report & Accounts process.Responsibility for the Report & Accounts process sits within the team.
  • Derivative instrument types, their impact on the Net Asset Value of the funds.Margin and clearing principles.Counterparty risk reporting sits within the team.
  • An understanding of fund launch, merger, and closure processes.
  • In-depth collective investment scheme experience and detailed UCITS knowledge.Post trade queries sit within the team.
  • Third-party service provider oversight management skills.The Jobholder will be required to ensure third parties deliver services to the agreed standards.
  • Investment Manager oversight management skills.The Jobholder will be required to challenge and direct investment managers to ensure adherence to the agreed service levels in relation to tradeflow with Omnis' Fund Accountant and Custodian.
  • Maintain a good understanding of industry best practice with regards to SM&CR conduct rules, effective Customer Outcomes and TCF.

Why The Openwork Partnership?

We're a dynamic, fast-paced and growing business with huge ambition. This is all made possible by the brilliant people who are part of The Openwork Partnership family. We're investing heavily in our colleagues, continuously striving to give them the platform to develop personally and professionally and reach their full potential.

We’re also very proud of our culture, as one of the Best 100 Large Companies to work for in 2021. The Openwork Partnership values and respects individuality and we are committed to building an inclusive culture and environment where you can balance a successful career with your commitments and interests outside of work. We believe that you will bring your best self to work if you are trusted to choose when, where and how you do it.

On top of offering a modern workplace with bags of development opportunities, we also offer a highly attractive benefits package to reward you for your hard work. This includes a competitive base salary, car allowance, an industry-leading annual bonus, enhanced pension, critical illness cover, income protection and a range of other flexible benefits

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