Compliance & Operations Manager recruitment
The firm has the first two investment professionals in place and as part of the set up process they are looking to hire an experienced candidate to join them in a blended role with responsibility for Compliance and Operations/Middle Office.
The successful candidate must have a proven track record in compliance as it is likely that they will be registered in the 10 11 controlled functions for the firm. They must also have extensive fund management / hedge fund operations experience.
Key Responsibilities
• Be registered as the CF10 11 for the business
• Ensure that all necessary compliance responsibilities are covered
• Maintain and update compliance processes and procedures as appropriate
• Provide compliance advice to the business where necessary
• Liaise with external compliance consultants to ensure that all
• Act as main operations / middle office contact for the firm
• Liaison with the outsourced administrator
• Carry out regular checks / reconciliations to ensure that internal books/records agree with those of the administrator, investigating and resolving any discrepancies
• Carry out additional reconciliations against prime broker records
• Run “shadow” accounts to ensure internal records are adequate and reconcile against external records
• Responsible for the production of the monthly NAV
• Improve operational and control processes/procedures where necessary
• Ensure that quarterly fund and board packs are produced in a timely manner
• Act as main point of contact with service providers (audit, finance, legal, prime brokers, administrators, etc)
The successful candidate is likely to be registered, or have recently been registered, in the 10 11 controlled functions or have demonstrable compliance experience that suggests they’re ready to step into this function. This experience will most probably have been gained in a hedge fund or fund management firm.
Regarding operational responsibilities, candidates should have extensive NAV related funds experience and understand how a small firm utilises administrators to allow them to maintain the necessary level of operational control for the firm and maintain adequate internal records. With the set up of the firm is it currently stands, operational and control responsibilities focus primarily on post execution.
As this is a small firm, it is important that candidates have experience in both compliance and operations as outlined and are prepared to roll up their sleeves to cover whatever tasks are thrown at them. This is a hands-on role, however it is envisaged that as the firm grows, there will be opportunities to develop and grow the role to take on additional and broader business management responsibilities.
This is an important hire for the client and they are looking to interview candidates with relevant experience as soon as possible.
In the first instance please send your details to giles.remmington@theimsgroup.co.uk or contact me on 0203 141 9635 for a confidential discussion.