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Fiduciary Oversight

Job Seekers United Kingdom Financial Services Operations Accountancy & Finance

Job Summary

  • Edinburgh
  • Contract
  • BBBH765687
  • Sep 02, 2020
  • £250 - £300 pd
Job Description

Morgan McKinley is recruiting for a Fiduciary Oversight Manager on behalf of a leading bank based in Edinburgh

Morgan McKinley is recruiting for a Fiduciary Oversight Manager on behalf of a leading bank based in Edinburgh on an initial 9 month contract. The Fiduciary Oversight Manager will be rewarded with a daily salary of up to £255.76 a day.

Responsibilities:

  • Ensure all CEP regulatory obligations to discharge our regulatory responsibility are fulfilled on an on-going basis, i.e. regulatory breach reporting, daily banking, 3rd party assets register, valuation reviews, on-site inspection visits to fund functionaries, periodic reporting to clients etc.
  • Work with service Provider CEPP on any query escalations they refer in connection to NAV reviews, periodic reviews and daily banking etc, and provide training to them where required
  • Overall responsibility for the execution of investment and borrowing monitoring checks for designated funds, monitoring all relevant aspects of investment management activity, including securities lending, OTC / exchange traded derivatives and third party held assets, to ensure adherence to regulatory requirements.
  • Interaction with clients in respect of breaches and price errors
  • Manage the flow of data received by/from internal support teams to ensure that relevant and timely information is provided to clients and their associated service providers. Work with internal support teams and external parties to resolve any outstanding client issues.
  • Work with relevant parties to ensure in-specie transactions are executed in a timely and accurate manner.
  • Responsible for daily cash flow monitoring processes in line with AIFMD requirements working in conjunction with service provider CEPP
  • Verify asset title of all assets held outside of custody
  • Maintain an up to date inventory of AIF assets

Onsite Inspection visits of fund functionaries

  • Conduct risk evaluation of funds in accordance with established Risk Ranking methodologies.
  • Plan and execute onsite inspection visits to managers, administrators and transfer agents who are appointed for funds where CEP UK acts as depositary (or pre appointment).
  • Issue internal and external reports where required on any issues that have arisen form the visit.
  • Identify, report and track all findings to resolution
  • Attend board meetings with the Senior FCM when required

Client Management

  • Work within a team of Fiduciary specialists whose core objective is to provide an excellent Trustee & Depositary service to customers on a day-to-day basis, acting as primary contact for specified clients in all fiduciary matters.
  • Prepare service level agreements for client and ensure that agreed service levels are met, and any issues identified are escalated to the relevant parties and followed through to resolution.
  • Attend client fiduciary meetings
  • Prepare the service level agreement for clients
  • Support the implementation of new business
  • Provide information required for reports and accounts

To apply for this role please submit your cv ASAP

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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Consultant Details

Consultant Details

Nicholas Thom
Nicholas Thom
  • Consultant | National Delivery Recruitment
  • 44 (0)1179 440 600
  • nthom@morganmckinley.com