Overview
A role is being created within our Singapore Investment Operations department. This is a position for someone who is wanting to build on their financial services career within a dynamic department that is investing in infrastructure in order to support our front office and wider business while operating at scale. This role is suited to those that have years of supervisory experience or may currently be an Operations manager at another asset manager / fund. Prior Fund Accounting experience at a Third Party Administrator would also be desireable.
This person will have the opportunity to work across the department over time and will be expected to assist where required during pressure points. The Operations department is a supportive, creative and collaborative team. Training will be provided alongside support for industry qualifications up to CFA level where appropriate.
Redwheel offer hybrid working and flexibility however the successful candidate will be in the office at least 3 days per week with Monday, Tuesday, and Thursday as core company days.
Investment Operations Department Roles and Responsibilities
The Investment Operations team is currenlty made up of two sub units across London and Singapore. The successful candidate will initially be placed within Fund Operations:
- Fund Operations (currently London) aligns members of the team to certain investment teams or strategies. These individuals become SMEs in the remaining operational workings of the respective funds, after which cross-training occurs. Their roles include, but are not limited to, cash management, fee tracking, budgeting, return estimates, tax oversight, income distribution review, flow verification/instruction and NAV sign-off (Daily & Monthly funds)
- Trade Operations (London & Singapore) are responsible for trade processing, matching and settlement, security setup and corporate action management. Market opening and ongoing market maintenance also sits within this area. As a result of the above, this unit interacts closely with the Central Dealing Desk
- Redwheel utilise third party reconciliation software with both units investigating remaining breaks across cash, transactions and positions
- Both units work collaboratively on investment team take-ons, fund launches, IPOs and fund closures
- Both units participate in business transformation and system improvement/upgrade projects
Key Responsibilities:
- Initially responsible for the oversight and management of the day to day functions of the Singapore Ops unit potentially progressing to cover the entire department
- NAV sign off – strong technicial knowledge of fund accounting to the extent the candidate will be responsible for approving Monthly & Daily funds with AUM of multiple billion dollars. Fund products include Cayman master feeder, Lux UCITS, UK OIECs, US 40ct and various managed mandates.
- Performance fee review and sign off
- Stakeholder management, internal and external relationshipes including but not limited to Admins, Custodians, Tax agents, Recon providers, Investment Managers and various internal departments
- Cash flow management, calls and distributions at both funds/mandates and investment level
- Monitor system workflows and exceptions
- Co-ordinate and participate in business transformation and system improvement projects
- Assist with fund/mandate launch and onboardings
- Integral in managing the transition of funds to any new TPA
- Facilitate periodic updates of operating procedures, help ensure all processes and controls are documented
- Help develop MIS reporting
- Manage escalated issues from internal and external relationships
- Participate in investor onsite due diligence meetings when required
- Participate/become member of internal committees
- Represent Redwheel Ops in fund board of director calls as required
- Surface ineffiencies and potential risks
- May serve as lead in the absence of the Head of Investment Operations
Candidate Background:
- Degree educated in Finance related course.
- IOC qualification desirable. IOC being undertaken is acceptable (must complete and pass)
- At least 10years industry experience
- Excellent understanding of end-to-end Fund Accounting across various fund structures including, but not limited to: Luxembourg UCITS, Irish ICAVs, Caymen Master-Feeder structures, UK OIECs, US Mutual Funds (40Act), ETFs and UK Investment Trusts
- Able to understand and explain different incentive fee methodologies
- Tax knowledge across market and type
- Product experience across Equities (essential), Convertible Bonds (essential), Corporate Bonds, Derivatives (F&O and Swaps) and FX
- Expense Administration knowledge (TER calcualtion).
- Corporate Action processing experience
- People Management (>5 people), training and development of others
- Client Service experience
- Process improvement (must evidence)
- Supplier Management
- Internal Stakeholder management & engagement
- Enthusiastic, high quality interpersonal skills, especially influencing and communication skills – Fluent in English
- Controlled urgency
- Excellent attention to process and detail
- Ability to multitask, work collaboratively in a team environment as well as independently as a self-starter
- Risk aware
Sytem Knowledge/Experience
- Charles River Development (IBOR recon experience desired)
- Linedata Fund Manager (Global Hedge)
- DTCC family of products: Omgeo CTM, ALERT & Settlement Notification
- Gresham Technologies
- Curium Data Mastering Service
- Admin system knowledge desireable e.g. FIS Global (InvestOne), Fundmaster, STAR, Passport
- Asana
- Atlassian JIRA
About Redwheel
At Redwheel we are committed to delivering investment management services with the highest levels of skill, integrity and transparency. We specialise in providing strategies that enable our clients to invest in developed and emerging market equities, convertible bonds and income solutions that help them meet their long-term financial needs. We feel a strong sense of responsibility to provide the highest standards of investment management: good value for money, clear information that helps our clients understand what we are doing, and a stable organisation that is both long-term and trustworthy.
Redwheel is a stable, forward-thinking organisation that embraces responsible autonomy, freedom, integrity, and alignment of interests. We believe that in order to deliver the results our clients expect we must continuously invest in our people, our approach to investing and our infrastructure.
At the heart of Redwheel are teams of experienced investment professionals with expertise in specific fields. Our teams are led by people who are distinguished in their chosen area and demonstrate a total commitment to the responsibilities they have to their clients.
Our organisation benefits from being both flexible and progressive. We are proactive in our approach to technological development and innovation, enabling our fund managers to consistently provide solutions that meet the challenges of an ever-evolving market place.
Redwheel is an equal opportunities employer. We believe that by employing people who are passionate, skilled, and committed, irrespective of their background, we will continue to build a successful business. This is why Redwheel commits itself to diversity and equality throughout the recruitment process and holds this principle as crucial to its everyday business.
