This large international bank has a well established reputation as a leader in the management, administration of a variety of funds. The Luxembourg based fund administration & controls department is looking to hire an experienced UCITS 3 Oversight Manager to join their growing business unit.
The UCITS 3 Oversight Manager works with in the Fund Control & Distribution Department. The objective, of this department, shall be to become the centre of brilliance with the administration of the Banks Asset Management's proprietary fund products and solutions. The team does this by introducing, managing in addition to controlling these in the course of their particular life cycle.
As part of that the UCITS 3 Oversight Manager takes charge of the evolution and management of the Fund oversight function
. This is essentially to the banks central Asset Management being able to be a UCITS 3 Administration provider. It will do this through overseeing all functional activity within the fund selection, supervision of the vendor group along with taking possession with the audit / consultancy associations.
As UCITS 3 Oversight Manager your chief shall be to manage a small group with supporting this Funds Control department with sustaining a strong and effective model for the control of the fund within their remit.
Broken down this overall responsibility is to be principally focused upon the NAV oversight procedure (NAV computation, relationships with fund managers, fund administrators etc).
Secondly the UCITS 3 Oversight Manager carries out the oversight of all routines carried out by the banks major fund distributors, making certain the distribution of the service fulfils, and wherever feasible, surpasses targets.
The UCITS 3 Oversight Manager handles close up overseeing of all accounting principles applied, application connected with valuation guidelines, swing pricing, in addition to active overseeing of the overall performance supplied by the providers. The portfolio of funds under management is considerable it comprises assets classes coming from dependable NAV cash market funds, straightforward equity as well as fixed income vehicles, OTC extensive set ups, long-short hedge funds up right through to open-ended Private equity finance funds.
As well as this the UCITS 3 Oversight Manager is heavily involved with the growth of an satisfactory oversight design for a sophisticated range of funds. Potential new fund launches also fall in their remit, as they will be asked to assist and highlight the regulatory, administration and reporting requirements. Of course doing this demands strong fund understanding, in addition to understanding in the sector best practices.
In this interesting Luxembourg based fund vacancy the UCITS 3 Oversight Manager will undertake the management of an governance and also reporting method created for supporting these kinds of associations and correct reporting to regulating partners. Often this will also involve relationships with exterior providers / internal departments.
To be considered for the UCITS 3 Oversight Manager vacancy you should have at least seven years direct exposure with collective investment programmes
and also fund accounting, within Luxembourg. Intensive expertise in OTC derivatives : these products, their accounting procedures plus their relevant functional risks.
Coverage with Alternative Fund Administration in addition to Private equity finance is really a bonus, as is having a good knowledge of the actual Luxembourg regulatory framework.
You will also have verified staff supervision expertise.
Fluency with written along with verbal English is crucial.
To secure the services of right individual for this vital position the Bank is willing to offer a first rate remuneration package, full perks and the opportunity to secure a juicy bonus.