About the Role
As a pivotal figure in the company Asset Management operations, you will be responsible for the end-to-end oversight of middle and back-office functions across all investment products, including funds and Discretionary Portfolio Management (DPM). Your main responsibilities will include managing trade execution support, post-trade processing, fund accounting oversight, as well as client, regulatory, and risk reporting. You will ensure the integrity of the Investment Book of Record (IBOR) and oversee the Accounting Book of Record (ABOR), guaranteeing data accuracy and operational integrity. The role also requires you to lead the operational delivery of product developments and fund launches, ensuring that new solutions are successfully translated into fully serviced products. Additionally, you will oversee outsourced service providers to ensure compliance with service levels and regulatory standards while driving initiatives in data, automation, and AI across investment operations.
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Key Responsibilities
- Middle Office and Trade Life Cycle: Oversee the full trade life cycle across asset classes for funds and DPM portfolios, including trade capture, confirmation, matching, settlement and fails management, corporate actions, and income processing.
- IBOR, ABOR, and OMS Integrity: Ensure data accuracy and system integrity across the IBOR, ABOR, OMS, and middle office systems, including reconciliations of cash, positions, and holdings with custodians and fund administrators.
- Fund Accounting and Back-Office Oversight: Oversee outsourced fund accounting and administration, including NAV review, pricing controls, expense accruals, and shareholder dealing activity.
- Product Development and Fund Launch: Manage the operational aspects of launching new funds or DPM solutions, coordinating through New Product Approval, service provider onboarding, and post-launch stabilization.
- Fund Life Cycle Events: Handle share class launches, restructurings, mergers, and changes of service providers, including fee modeling and total expense ratio collaboration.
- Operational Partner Oversight: Supervise operational activities of sub-advisory investment partners, including incident management and periodic service reviews.
- Service Provider and Outsourcing Governance: Manage outsourcing governance for fund administrators and custodians, ensuring adherence to service level agreements and regulatory requirements.
- Client Reporting: Administer client reporting including valuations, statements, factsheets, and performance reports while assisting with onboarding and queries.
- Regulatory, Financial, and Risk Reporting: Deliver structured reporting for Compliance, Finance, and Risk, including governance forums.
- Platform Implementation: Act as the operations lead for implementing the investment platform, covering workflows and data migration.
- Fund Data, Automation, and AI: Oversee operational data governance, improve processes, reduce manual workarounds, and incorporate automation in collaboration with Technology & Data.
- Governance, Controls, and Documentation: Maintain documentation for workflows and controls, manage operational risk framework, and support compliance audits.
Requirements / Qualifications
- Experience: 15 to 20 years in investment operations, specifically within asset management or regulated financial services, with oversight of outsourced providers.
- Fund and DPM Operations: Proficient in fund accounting oversight, NAV review, post-trade processing, reconciliations, and corporate actions.
- Product and Fund Launch: Demonstrated experience in product development and fund process management.
- Third Party Oversight: Experience with managing relationships with fund administrators, custodians, and other key partners.
- Reporting and Fund Data: Familiarity with client, regulatory, and risk reporting as well as fund data management.
- Platforms: Front-to-back platform implementation experience, particularly with tools like SimCorp, BlackRock Aladdin, or Charles River.
- Data, Automation, and AI: Knowledge in data governance and practical application of automation in operations.
- Executive Capabilities: Strong stakeholder management and a mindset focused on continuous improvement.
Preferred / Beneficial
- Regulatory Environment: Understanding of the UAE and GCC regulatory landscape, including CMA, SCA, and ADGM FSRA.
