Vendor & Product Servicing Manager
MG Investments
MG Investments is Prudential plc's UK based fund management business and is one of Europe's leading active asset managers with more than £238.4 billion* of funds under management across fixed income, equity, property and multi-asset strategies.
MG's Fixed Income business manages assets of around £141 billion* for a range of institutional clients, including local authority pension funds and 70% of the top 40 pension funds in the UK. We have 80 years' experience of managing investments from public and private debt to alternative credit and real estate. The team of credit analysts is one of the largest in Europe, covering the full range of fixed income opportunities. The culture is based on a shared set of values focusing on investment leadership, innovation and transparency. As a long-term investor via our parent, for whom we invest almost £116billion*, our interests are aligned with those of our clients and we use the skills we have primarily developed for investing Prudential's assets to provide innovative and attractive investment solutions to our clients.
-*as at 31 March 2013
Opportunity We are looking to recruit a bright, confident and organised individual to join the Fixed Income Business Management Team where you will be responsible for the management of a small team providing product and vendor servicing for our fund range.
Fixed Income is currently enjoying significant growth and in response the BMT is expanding and creating the infrastructure to centralise a number of activities to both provide consistency and meet regulatory requirements (i.e AIFMD). This is a new team reporting to Head of Fixed Income Operations and the successful candidate will work closely with other Fixed Income Business units, investment professionals and teams within MG to ensure the fund activity is supported to the highest standard.
Key responsibilities Management: Manage and develop a direct report: Business Manager, Vendor Product Servicing (to be recruited)
Product Servicing: Manage and undertake centralised activity on behalf of the Fixed Income Business: e.g Client Take On's, Inspecie Transfers, Investor Drawdowns * Day 2 Fund Activity: e.g. Fund Launches, New Share Class Launches, Updating of fund documentation: Application Forms, Prospectus, KIID's, Signatory Lists, * Development maintenance of Offshore Fund Intranet Site and other fund documents on EUC Problem solving : * Work with the FI business units and vendors on ad hoc requests: Requests for AUM's, NAV data, ad hoc reporting requirements
Reporting: * Co-ordination and oversight of AIFMD reporting * Oversee execution of documents by Fund Directors * Distributor Reporting requirements
Control : * Oversight of fund budget reviews * Oversight of financial statements and support of year end audit process * Administer Fund and Vendor Invoices Projects: * Represent the team on new initiatives and projects.
What we are looking for Essential * Previous experience in an operational or control environment * Good understanding of fund structures and investment lifecycle. * Ability to identify and implement process control improvements * Organised and able to prioritise appropriately * Excellent communication with the ability to liaise effectively with people at all levels * Highly motivated, resilient and driven individual who is able to work effectively under pressure and to tight deadlines * Self-starter with a track record of working on own initiative * High level of accuracy, and attention to detail Desirable * Previous supervisory or management responsibility * IAQ/IMC qualified or willing to take
MG is an equal opportunities employer and welcomes applications from a diverse background.
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