Head of ACD Services
DUTIES AND RESPONSIBILITIES
a. To ensure that a risk assessment of the proposed Fund Sponsor Client and the nominated Investment Manager is performed prior to acceptance of the appointment and to make recommendations to the Board on risk issues to be considered prior to deciding whether to enter into a relationship.
b. To ensure that an appropriate monitoring plan, (desktop review of MI, regular meetings and on-site reviews), relative to the risks assessed with the Fund Sponsor Client and the nominated Investment Manager and in the context of the fund(s) managed, is operated to ensure that oversight of the delegated activities can be demonstrated. To ensure that the risk assessment and monitoring plan is reviewed on an ongoing basis, taking account of changes in the portfolio, changes at the investment firm, market developments, regulatory changes, external information, etc.
c. To ensure that appropriate files and documentation is maintained, to demonstrate compliant operation of the fund(s) and to demonstrate proper oversight of the delegated activities.
d. To ensure that all relevant documentation relating to our client’s appointment is complete and protects our client’s position, as appropriate.
e. To ensure that all delegated activities are subjected to appropriately regular review so as to ensure that the operation of the collective investment schemes for which our client is responsible remain in full compliance with all relevant regulations.
f. To ensure that all applicable company/ group policies and standards are adhered to and that appropriate operating procedures are devised and applied efficiently.
g. To be actively involved in both formulating the development plan and its application for the area. This includes the formulation and measurement against the relevant budget
h. To be responsible for all aspects of managing the ACD operation and its staff and reporting or highlighting any issues or potential (both internal and external) developments that will impact the section, its function and responsibilities.
i. To provide a knowledge base in respect of the product for reporting and advising senior management
j. To ensure that all significant issues and incidents are escalated immediately to the appropriate parties.
k. To ensure that all issues, once identified, are resolved without undue delay, documented and reported as appropriate via the relevant control and risk committees.
l. To ensure that KYC and AML obligations are completed satisfactorily.
m. To act as the nominated MLRO for the ACD operation.
n. To liaise with the Fund Sponsor Client, the appointed Investment Manager, the Depositary, legal advisers and fund auditors, as appropriate.
o. To carry out such other duties as requested by the Chief Executive Officer.
3. QUALIFICATIONS AND EXPERIENCE:
A Master’s or University degree in a financially-related discipline together with significant experience of ten years or more in Fund Asset services, to include strategy and forward planning at Senior level.
4. SUPERVISORY RESPONSIBILITY
Responsible for all staff within the ACD operation
5. SUPERVISION RECEIVED
The postholder reports to the Assistant General Manager but is expected to exercise considerable initiative in the strategic planning and task execution in the Fund Services Division.
6. CONTACTS
Primarily at senior level within the company and externally and may liaise with Executives at Head Office.
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