Investment Operations Assistant Investment Operations Assistant …

LGPS Central Limited
in Wolverhampton, England, United Kingdom
Permanent, Full time
Last application, 22 Nov 21
Competitive
LGPS Central Limited
in Wolverhampton, England, United Kingdom
Permanent, Full time
Last application, 22 Nov 21
Competitive

LGPS Central Limited has been established to consolidate and manage the pension fund assets of eight Midlands-based local government pension funds.

We are looking for an Operations Assistant to join our Investment Operations team. Based in Wolverhampton, the successful candidate will work as part of the Operations team to contribute towards delivering a high-performing Operational support to the firm’s investment activities in an exciting environment.

The Operations team plays a critical role in the delivery of Middle and Back Office Operational support to the firm’s Investment Managers, both as part of BAU and delivery of new business and strategic objectives for the wider firm and its’ clients.

If you are interested in applying for this position, please send your CV with a covering letter, demonstrating why you have the skills to perform this role, to recruitment@lgpscentral.co.uk

About LGPS Central Limited

LGPS Central Limited is a fund management company, regulated by the Financial Conduct Authority (FCA), managing the pooled assets of nine Midlands-based local government pension funds.

With combined assets of approximately £45bn, and representing the retirement savings of approximately 1 million scheme members across over 2000 employers

LGPS Central Limited is owned equally by the pension funds and is dedicated to the management of local government pension assets. The aim of the Company is to use the combined buying power of its Partner Funds to reduce costs, improve investment returns and widen the range of available asset classes for investment – all for the benefit of local government pensioners, employees and employers. We are also committed to fully integrating Responsible Investment and Engagement into all our investment processes.

We are a diverse and inclusive employer and would welcome interest from all sections of the community.

Role

Role Brief

The position sits within the Investment Operations Middle Office Team, that supports the Investment Management Front Office.

The team works closely with the Outsourced Back Office provider, Fund Accountant, Custodian and OMS Technology vendor.

Financial

  • N/A

Non-Financial

  • Health and Safety

Delegated Authority Levels: N/A

Reports to: Head of Investment Operations

Relationships Internal:

  • Service Heads/Managers/Staff
  • Stakeholders and Clients

Need to do

  • Provide operational support to Fund Managers.
  • Supervision of Outsourced Back Office service provider.  Hold them to account on daily and weekly deliverables.
  • Oversight of daily vendor reporting.  Resolve exceptions and escalate appropriately where the situation demands.
  • Daily cash and stock reconciliations and Corporate Action processing.
  • Processing of Fund Subscriptions and Redemptions.
  • Participate in new fund and product launches and new market openings.
  • Respond to FOI requests.
  • Prepare Monthly and Quarterly fund reporting.
  • Continuous process improvement through reviews and updates to procedures.
  • Ensure adherence to AAF requirements is maintained at all times.

Need to know

Skills/Knowledge/Experience/Competence:

  • Previous Middle Office experience from either an Asset Management or Investment Banking background.
  • Some previous experience of either Equity, Fixed Income and/or Derivatives is a must.
  • Experience of supporting Private Equity/Debt/Infrastructure or Property investments is desirable.
  • An understanding of the roles played by Outsourced Back Office, Fund Accountant, Custodian and Depositary.
  • Some understanding of Bloomberg AIM or other trading & middle office systems.
  • Competent grasp of buy-side ‘life of a trade’ structure, knowledge of transfer agency and fund unit subscription / redemption process is a plus.
  • Understanding of financial markets and regulations.
  • Proven track record of outstanding customer service, ideally servicing Financial Institutions.
  • High attention to detail, analytical.
  • Able to communicate complex and highly-technical matters in a way which is understandable and relevant.
  • Confidence when communicating.
  • Strong reasoning and problem-solving skills, able to develop pragmatic solutions to complex problems.
  • Able to build effective relationships across all levels of the company.
  • Highly organised and able to work to deadlines and manage competing priorities under significant time pressures.
  • Strong interpersonal, communication and people management skills.
  • Ability to challenge appropriately.
  • Ability to think outside the box.

Qualifications

  • Degree level or equivalent

Values and Behaviours

Values:

  • We are a great place to work
  • We are Client Focus ed
  • We are Inclusive
  • We are Ambitious

Behaviours

  • Open, fair and transparent, acting with integrity.
  • Doing the right thing.
  • Honest and trustworthy 
  • Empowered in making right decisions 
  • Collegiate and Collaborative.
  • Valuing and treating everyone equally.
  • Listening to individual ideas to support growth.
  • Constructively challenging the status quo.  Accountability for results and delivery 
  • Friendly, honest and supportive

LGPS Central Limited provides an exciting, supportive and family-friendly working environment, and we are committed to helping our people achieve their full potential and a healthy work-life balance. We are an inclusive employer and offer equal opportunities to all regardless of an individual’s age, disability, gender identity, marriage or civil partnership, status, pregnancy or maternity, race, religion or belief, sex and sexual orientation. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.

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