Fund Operations Oversight (NAV Specialist) | Santander Asset Management - #1779827

Fund Operations Oversight (NAV Specialist) | Santander Asset Management

Country: United Kingdom

Join our community.

Our purpose at Santander Asset Management is clear, from retail clients to global institutions, we are here to deliver investment solutions that evolve according to their needs.

We are a global asset manager with extensive local knowledge in Europe and Latin America, working as a single firm in 10 major markets and with more than 50 years of experience. We are a fund manager that combines the best of complementary worlds, technology and expertise, to provide optimal solutions for our clients.

This role performs processes and controls within the scope of the operations team, which primarily involves the oversight of a number of third-party suppliers who provide services across fund accounting, middle office, custody and transfer agency for UK OEICs and unit trusts.

The team is also responsible for a number of internal processes including invoice review, client service reporting, regulatory reporting and incident and risk management reporting. You will provide support to the wider business on all operational aspects of product change, overseeing the third-party suppliers to ensure projects are delivered in a timely and controlled manner.

The difference you’ll make:

• Ensuring the delivery and accuracy of the daily NAV and associated dealing activity:
• NAV oversight controls
• Timely resolution of NAV related queries/issues
• Swing factor and swing basis review
• Fair value pricing (FVP) events & oversight
• Estimated and confirmed dealing review including monitoring large deals.
• Cash & stock reconciliations
• Completing key CASS activities: reviewing daily client money reconciliations, CASS RP, CASS QA Testing, Internal and external audit management and general adherence to the CASS oversight model
• Overseeing and filing of interim and annual financial statements.
• Liaise with external auditor to ensure timely resolution of queries
• Liaise internally to collate required data, i.e. performance figures, investment commentary
• Ensure necessary controls are performed ahead of sharing with ACD committee for sign off
• Completion of other Operations activities including, but not limited to:
• Oversight and supporting the trade life cycle through matching and settlement.
• Corporate actions processing
• Margins payments
• Invoice review and payment processing
• Complaint handling ensuring regulatory obligations including those around timelines are met.
• Oversight of the AML & KYC process for client onboarding and AML refresh events.
• Calculation and payment of fund distributions
• Fund expense monitoring (OCF & transaction costs)
• Management of the rebate process
• WHT reclaims & completion of relevant tax documentation

What you’ll bring:

• Extensive prior working experience with NAV (Net Asset Value)
• Understanding of relevant regulations such as: CASS, COBS, COLL Sourcebook, GDPR and SORP
• Excellent organisational skills to ensure work schedules are adhered to and that all reporting tasks are tracked and completed in a timely and accurate manner with the ability to prioritise accordingly
• Ability to work under pressure and to tight deadlines, with a pro-active and professional attitude to work

It would also be nice for you to have:

• Team player who has the capability to build good relationships both internally and externally including comfortability around liaising with senior management
• Experience of involvement with projects including fund changes – closures, mergers
• Market vendors system knowledge (Bloomberg, Reuters etc)
• Investment Operations Certificate (IOC), or equivalent modules
• Professional Accounting Qualification i.e. CA/ACCA/CIMA or equivalent

What else you need to know:

This role is based in Glasgow or London (Triton Square).

We want our people to thrive at work and home and also be able to deliver the best outcomes for our end clients and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles) including attending every Monday and Thursday.

If you apply for this role in this location, it’s important you consider your travelling distance, time and cost from your home to the office location.

We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.

Inclusion:

At SAM UK we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander Group a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people, underpinned by our Company behaviours; we think clients, embrace change, act now, move together and speak up. living our values of Simple, Personal, and Fair.

How We’ll Reward You.

As well as a competitive salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• Competitive salary + 25% on target bonus and excellent benefits
• Hybrid ways of working providing flexibility to work from home 2 days per week (on average)
• We put 15% of salary into your pension, even if you don’t contribute yourself
• 30 days’ holiday plus bank holidays
• Company funded private medical and dental insurance for you and your family
• Free access to a range of digital health services, including GP
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more
• Voluntary healthcare benefits at discounted rates
• Support your favourite causes through charitable giving and our community partnerships.
• All UK employees are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services

What to do next: -

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through telephone, email, or face to face. You can contact us at [email protected].