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Investment Operations Manager

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Waystone

2mo ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • Dubai

AI generated summary

  • You need a related Bachelor's degree, 4 years of experience, operational management skills, proficiency in MS Office, and SCA qualifications. Strong analytical, communication, and compliance knowledge are essential.
  • You will oversee fund operations, validate NAVs, review SLAs and KPIs, resolve incidents, ensure compliance, analyze costs, mentor your team, and collaborate on strategic initiatives.

Requirements

  • Education:
  • Bachelor's degree in Economics, Finance, Risk Management Accounting, Business Administration, or a related field. Advanced degree or professional certification.
  • Experience:
  • 4 years experience in financial analysis, fund distribution, fund management, or a related area.
  • Sound experience in operational management, workflow optimisation, and process improvement
  • Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and financial software.
  • Strong attention to detail and organisational skills.
  • Excellent communication and interpersonal skills
  • Excellent analytical and problem-solving skills
  • Strong understanding of financial regulations and compliance requirements.
  • Must be able to work in a fast-paced environment including reporting and providing support to various members of the team.
  • SCA Qualifications Requirements (CISI)
  • The qualifications below must be obtained to be approved by the SCA as the Investment Operations Manager. The governing body that oversees the professional qualifications is the Chartered Institute for Securities and Investment (CISI).
  • Exams Required for SCA Licence
  • UAE Financial Rules and Regulations
  • Global Securities Operations
  • Continuous Professional Development
  • Introduction to Securities & Investments (International)
  • Risk in Financial Services

Responsibilities

  • Maintain and exemplify a joined-up oversight program overseeing fund administrators, custodians, distributors, and investment managers.
  • Review of Service Level Agreements to ensure deliverables are adequately described.
  • Attendance of service reviews.
  • Review of KPI's
  • Engage in the key Net Asset Value oversight for underlying funds, which includes:
  • Validating NAVs produced by Fund Administrators
  • Review of individual asset valuations to ensure alignment with pricing policies.
  • Fund Budget creation, review and ongoing supervision of costs
  • Ongoing analysis of total expense ratios, fee accruals and invoicing process
  • Investigate operational incidents with relevant delegates to ensure they are satisfactorily resolved and that the incidents are logged on Waystone's internal risk monitoring application.
  • Support the annual and semi-annual audit process for managed funds, including completion of relevant audit reporting on behalf of WMC as required.
  • Ensure that operations are conducted in compliance with applicable regulations, including those set forth by the SCA.
  • Support the business in identifying, assessing, managing, and measuring operational risks in accordance with the relevant regulatory policies.
  • Develop and implement operational policies, procedures and controls to enhance efficiency and effectiveness, mitigate risks, and ensure smooth fund management processes
  • Monitor and enforce compliance with SCA regulations, industry standards, and internal policies related to fund distribution and investment operations.
  • Prepare and maintain documentation for audits and regulatory reviews.
  • Collaborate with marketing and sales teams to support product launches and distribution strategies.
  • Analyse market trends and client feedback to optimise fund offerings.
  • Identify opportunities for process improvements and implement best practices to enhance operational efficiency and accuracy.
  • Prepare and present operational performance reports and analytics to senior management and stakeholders.
  • Utilize data to identify trends, inefficiencies, and opportunities for improvement in operational processes.
  • Conduct in-depth analysis of investment operations to identify trends, anomalies, and areas for improvement.
  • Lead, mentor, and develop a team of investment operations professionals, ensuring high performance and adherence to operational standards.
  • Provide training and support to team members on operational procedures, compliance requirements, and industry best practices.
  • Liaise with internal departments, external fund managers, custodians, and other stakeholders to ensure effective communication and collaboration.
  • Address and resolve client inquiries promptly and professionally.
  • Contribute to developing strategic initiatives and operational plans that align with SCA's goals and objectives.
  • Participate in strategic projects and provide insights on operational impacts and opportunities.

FAQs

What are the primary responsibilities of the Investment Operations Manager?

The primary responsibilities include supervising operations related to investment funds, maintaining oversight of key service providers, ensuring regulatory compliance, preparing reports for stakeholders, and managing operational risks.

What qualifications are required for this position?

A Bachelor's degree in Economics, Finance, Risk Management, Accounting, Business Administration, or a related field is required, along with advanced degrees or professional certifications preferred.

How much experience is required for the Investment Operations Manager role?

The candidate must have a minimum of 4 years of experience in financial analysis, fund distribution, fund management, or a related area.

Are there any specific certifications needed to work as an Investment Operations Manager?

Yes, the candidate must obtain qualifications approved by the SCA, including passing exams on UAE Financial Rules and Regulations, and Global Securities Operations.

What software skills are necessary for this position?

Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and financial software is required.

Will the Investment Operations Manager lead a team?

Yes, the Investment Operations Manager will lead, mentor, and develop a team of investment operations professionals.

Is experience in regulatory compliance important for this role?

Yes, a strong understanding of financial regulations and compliance requirements is crucial for the Investment Operations Manager.

What type of environment does the Investment Operations Manager work in?

The role requires working in a fast-paced environment, including reporting and providing support to various team members.

What ongoing training is expected in this position?

Continuous Professional Development is a requirement, including courses like Introduction to Securities & Investments and Risk in Financial Services.

How does the Investment Operations Manager interact with stakeholders?

The Investment Operations Manager liaises with internal departments, external fund managers, custodians, and other stakeholders to ensure effective communication and collaboration.

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Waystone

Providing certainty in your world

Finance
Industry
1001-5000
Employees
2000
Founded Year

Mission & Purpose

Waystone is a leading global provider of institutional governance, administration, risk and compliance services to the asset management industry. Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.