Guideline Implementation and Control Manager
- London, England, United Kingdom
- Permanent, Full time
- Insight Investment
- 23 Feb 18 2018-02-23
The Mandate Control team are responsible for the implementation, coding and monitoring of investment guidelines. The team are integral to front office processes and are sat amongst the fund management team and client solutions group, working closely with them to ensure guidelines are operationally sound and that investment risk limits are adhered to. The Guideline Implementation and Control Manager will manage a team responsible for reviewing LDI investment guidelines prior to their execution so to ensure i) the guidelines accurately reflect the client’s intent and strategy and ii) guidelines are operationally viable and in line with Insight’s key principles.
Introduction to Insight Investment
Insight is a specialist asset manager at the forefront of designing and delivering solutions to meet our clients’ specific and evolving investment needs. Insight has won industry recognition for our investment capabilities across liability driven investment, fixed income, multi asset and absolute return.
Innovation is key to the development of our investment capability and as leaders in our chosen areas of expertise we continue to look for opportunities to grow and develop our business across new client channels and countries. The key to our success is, and will always be, the high quality of our professionals combined with the partnerships we create with our clients.
Launched in 2002, we have grown to be one of the leading asset managers in the UK, responsible for assets under management of approximately £560 billion. As a subsidiary of BNY Mellon Asset Management (BNYM), part of the Bank of New York Mellon Corporation, we have the backing of a sound global financial institution for which asset management is a core strategic priority; however, Insight operates on a standalone basis with an independent management structure and board.
Insight continues to evolve, proving itself to be an exceptionally dynamic asset manager, providing tailored solutions to support the changing needs of our clients and offering exciting development opportunities to our people.
•Management of the one Guideline Implementation Analyst
•Review draft LDI Investment guidelines prior to their execution to ensure:
1.Guidelines are in line with Insight's standard templates and key principle
2.The client's intent has been accurately captures in the guidelines. Challenge the client team on the suitability of guidelines against the client's intent
3.Implementation frameworks and investment risk limits are operationally supportable and non-ambiguous
4.Where ‘non-standard’ solutions are proposed, devise alternative solutions that are standardised. Develop risk mitigation solutions where required
5.Escalate non-standard proposals to the relevant personnel
•Work closely with the Client Solutions Group to proactively manage the guideline review process
•Attend guideline execution meetings with the client team, fund managers and quant analysts. Collaborate with the attendees to ensure guidelines are ready for execution
•Manage the LDI investment guideline library. Proactively adapt the library in line with the changing business environment, drafting new templates where required. Train the client teams on how to use the library
•Have a detailed knowledge of internal LDI compliance systems, understanding the various risk limits and the coding processes around these. Work closely with the coding teams to ensure guidelines are captured correctly and efficiently. Support the fund managers with ad-hoc queries related to these risk limits
•Chair guideline committee meetings to obtain approval for guideline library changes
•Chair collateral availability meetings with the fund management and risk teams
•Implement LDI benchmark changes in internal systems
•Produce regular MI on guideline implementation performance
•Involvement with Mandate Control initiatives related to internal compliance systems
Knowledge, skills and experienced required
•Minimum of a BSc in Finance, Mathematics, Economics or equivalent
•Completed or looking to complete the IMC and CFA
•Knowledge of LDI strategy desirable
•Knowledge of derivatives and fixed income instruments
•Experience in the financial services industry within an investment strategy or client/ investment solutions position
•Have the confidence to engage with a variety of people from around the business, including client directors, fund managers, dealers, client services etc