Job Title: Investment Operations Executive
Department: RAM
Location: Liverpool
Contract Type: Perm
Reporting to: Connor Day
The Role
Ram is an active discretionary fund management house delivering single, multi-asset, seg mandate, and charity fund strategies to institutional and retail clients. The business has experienced significant growth and backed by a new strategy it is looking to position itself to scale even further over the next 5 years. Key to the success is the operational support to support our strategic business goals, automation and operational efficiency.
The RAM culture is a particularly important part of the success of the business. The business is built around high-performing, self-motivated individuals, who actively collaborate and work together to deliver solutions to drive the business forward. Individuals who are creative thinkers, adaptable and driven to succeed will be highly successful.
Responsibilities
* Overseeing and executing start of day processes within the portfolio management system before UK market open, ensuring portfolios on the system are accurate and in good order before fund managers start their day. You will be responsible for immediately notifying fund managers of any discrepancies and accountable for resolving these discrepancies, with support from the operational oversight teams.
* Monitoring late/failed matching and settlement of trades, acting as a liaison between our broker (Northern Trust) and our outsourced trade matching and settlement team (HSBC) to work towards resolving any trading issues.
* Supporting manual dealing in a limited number of asset classes, such as Structured Products, OEICs and Unit Trusts
o Place investment fund trades on behalf of the front office and reflect executions on the portfolio management system.
o Overseeing and assisting with the Structured Product trading process, interacting with product issuers, pricing vendors, outsourced middle office and custodians through to settlement.
* Monitoring corporate actions, presenting event information to fund managers in an easily digestible format for decision and reflecting their decisions on a third-party platform (HSBC).
* Timely asset set-up – including keeping fund managers informed of assets unavailable for trading.
* Working with data owners to maintain accuracy of asset static data within the portfolio management system.
* Maintenance of other static data, including but not limited to settlement cycles, market fees, broker commission structure, Exchanges, Settlement dates and holidays, within Charles River System.
* Ensuring securities reflect the correct Greenbank approval status within the portfolio management system where applicable.
* Obtain daily prices for hard to value assets and send onto third party (HSBC) for valuation purposes.
* Review HSBC Middle Office and Custody reconciliations, overseeing timely resolutions and assisting where applicable.
* Review and work towards resolving reconciliation breaks between our portfolio management system and MSCI Barra One data, working with the Investment Risk and Performance teams when necessary.
* Attend HSBC/Northern Trust Service reviews.
* Work with IT to give relevant RAM team members the correct profile access to the portfolio management system.
* Review detailed operating procedures, as appropriate.
* Contribute to relevant projects within Charles River, alongside the Operations team.
* Working with the product team and investment risk team to set up, merge or close down funds in the portfolio management system, following a fund launch, merger or closure.
* Instructing FX forward transactions with third parties and reflecting in our portfolio management system (CRIMS) for segregated mandates.
* Provide monthly data to third parties to produce fund literature, e.g. Factsheets.
* Regular reviews of each fund's non-GBP bank accounts.
* Verifying CSDR penalties to ensure they have been correctly allocated and seeking rectification if not.
* Various other tasks associated with Investment Operations expectations.
Knowledge, Skills and Experience
* Relevant industry experience, preferably in an Investment Operations or Middle Office role.
* Experience running the day-to-day processes of a portfolio management system (preferably Charles River).
* Experience with Equities, Fixed Income and derivatives (FX forwards, structured products, etc).
* Experience in working with Third Parties. Oversight experience is desirable.
* Extensive IT literacy skills, including the MS package.
* Able to grasp complex workflows and processes across multiple systems and functions, as well as being able to identify downstream impacts and dependencies.
* Excellent organisational skills.
* Ability and desire to deliver high-quality work within a fast-paced environment and within tight timeframes.
* Previous exposure in working with front office or a trade assistant role or similar.
* Ambitious and accountable self-starter – you are driven, reliable and ready to join a small, dynamic team.
* Confident, collaborative, and knowledgeable – you will be expected to work well and communicate effectively with stakeholders across the business (including Fund Management, Operations, Product, Data, IT, Compliance and Investment Risk, amongst others) and externally as appropriate.
* Detail-oriented and analytical – you take pride in creating good outcomes for investors, including ensuring RAM remains strategically well-positioned for both near- and long-term success with our strategy initiatives.
* Takes initiative to seek opportunities to implement improvements within the business (including adding to existing processes).
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