Fund Oversight Specialist

4 days ago


Dubai, Dubai, United Arab Emirates Skill Farm Full time
About the Role

At Skill Farm, we're seeking a highly skilled Fund Oversight Analyst to join our team. As a key member of our Fund Oversight team, you will play a critical role in ensuring the accuracy and efficiency of our fund valuation processes.

Key Responsibilities
  • Price Validation: Conduct daily tolerance checks against benchmarks or comparative data within strict deadlines to ensure the integrity of our fund valuations.
  • Process Improvement: Proactively identify areas of concern and suggest enhancements to procedures where weaknesses or potential efficiencies are identified, demonstrating a clear and risk-based approach to outsourcing arrangements.
  • Operational Control: Conduct operational controls within the Cardiff Fund Oversight team, ensuring that Third Party Administrators are provided with the necessary data for fund valuation production and operational controls to guarantee compliance with regulations, such as Fund Manager sign-off.
  • Communication and Collaboration: Ensure that responses are provided promptly to the TPA or internal stakeholders, it is crucial that valuations are completed both accurately and expediently.
  • Relationship Management: Maintaining operational relationships within LGIM and with outsourced partners is crucial, ensuring that all parties fulfill their responsibilities in line with regulatory guidelines. This involves coordination with fund managers, operational teams, and relevant stakeholders to guarantee the prompt and precise resolution of issues.
  • Root Cause Analysis: Analyze, investigate, interpret, and communicate the causes of breaches, propose improvements to existing processes to reduce risks associated with outsourced products, and ensure the implementation of a robust Root Cause Analysis program. It also involves challenging Third Party Administrators to strive for continuous improvement and preparing reports for Committees and Directors as necessary.
  • Financial Markets Expertise: Applying a detailed understanding of financial markets, complex market instruments, and practices, as well as Unit Trust product features, is essential for conducting the daily valuation of Unit Trusts in a controlled manner. Completing c20 operational controls is crucial to verify the integrity of the daily valuations, proactively identify areas of concern, and improve procedures where weaknesses or potential efficiencies are identified.
Requirements
  • Strong Knowledge of Unit Trusts: Strong knowledge of Unit Trusts, ACS and OEIC in particular, with some knowledge of SICAV, UCITS ICAV, QIAIF ICAV, CCF, QIAIF, Liquidity, ETF, CIT and Pooled Funds.
  • Technical Product Oversight: Technical product oversight and guidance on fund investments.
  • Regulatory Standards: A strong understanding of regulatory standards for pricing and valuations within the UK and internationally.
  • Fund Valuations: A strong understanding of fund valuations and the components.
  • Supplier Relationships: A strong understanding of supplier relationships.
  • Industry Experience: Substantial financial services industry experience required.


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