Company Description
Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.
Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.
Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.
Job Description
We’re recruiting for a Fund Oversight Analyst to join our Global Investment Operations team.
The purpose of this role is to offer operational oversight and support for the valuation processes of Funds managed by Third Party Administrators. It includes overseeing the prompt and precise publication of unit prices for Unit Trusts, ACS, and OEICs. Additionally, it involves supporting continuous due diligence on supplier accounting and valuation practices that LGIM has entrusted to a third party.
What you'll be doing:
- The price validation process for Unit Trusts, ACS, and OEICs involves conducting daily tolerance checks against benchmarks or comparative data within strict deadlines
- To 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
- 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
- To ensure that responses are provided promptly to the TPA or internal stakeholders, it is crucial that valuations are completed both accurately and expediently
- 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
- The objective is to 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
- 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
Qualifications
Who we're looking for:
- 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 and guidance on fund investments
- A strong understanding of regulatory standards for pricing and valuations within the UK and internationally
- A strong understanding of fund valuations and the components
- A strong understanding of supplier relationships
- IOC Levels 1-3 beneficial
- Substantial financial services industry experience required
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:
- The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
- Generous pension contribution
- Life assurance
- Private medical insurance (permanent employees only)
- At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
- Competitive family leave
- Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
- There are the many discounts we offer – both for our own products and at a range of high street stores and online
- In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information
Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.
We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.
If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.
We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.
If you’re open to find out more, we'd love to hear from you.
