Purpose of Job
- Responsible for implementing and monitoring trades and activities related to changes to client portfolios.
- Work closely with the Portfolio Management Team, Consulting, the Invest Administration Team and other stakeholders involved in effecting changes to client portfolios.
- Accountable for reviewing portfolios and addressing queries related to changes and performance of funds.
- 2IC responsibilities, including managing the team mailbox, the trade plan roster, derivatives expiries, capital calls and distributions, and change management
- Guide and support various teams as an escalation point for technical knowledge and complex queries.
Key Competencies, Skills and Attributes
- Knowledge of domestic and international financial markets including forex and derivatives trading.
- Proficient in Excel, Power BI, and AI tools.
- Analytical and able to absorb large sets of data.
- Accuracy and high attention to detail.
- Communicate clearly and professionally, both verbally and in writing.
- Ability to function positively under pressure, plan for and meet deadlines.
- Manage own priorities and collaborate successfully with others as part of a team.
- Use initiative, be proactive, and demonstrate strong problem-solving abilities.
- Adapt to changes in the business environment.
- Think in a structured way.
- Quick learner.
- Ability to liaise effectively with Asset Managers and other investment service providers.
- Understanding of Pension Fund industry trends and the broader investment management industry.
- Willing to put in long hours when needed.
- Deep understanding of portfolio asset allocations, underlying manager allocations, and how these are affected by market movements.
- Ability to apply systems thinking to processes, while taking ownership of outcomes.
- Ability to monitor and manage a busy trade roster and mailbox, with strong attention to outstanding items and deadlines.
Monthly/Daily Tasks
- Accurately execute trade instructions to effect changes to client portfolios as instructed by clients and the Portfolio Management Team, including:
- Booking and confirming trades with foreign exchange agents.
- Preparing and submitting derivative trading instructions to derivatives agents and brokers and following up for trade confirmations.
- Instruct and monitor trading activity on CIS Funds and UCITS Funds.
- Monitor listed and OTC derivative expiries and rolls, ensuring timely action is taken ahead of each expiry date.
- Perform pre-trade analysis for larger flows and provide instructions to be carried out by the Administration Team.
- Perform ongoing trade monitoring to ensure settlements and next steps in trade plans are actioned without delay and with accuracy.
- Perform post-trade analysis and checks on trade plans.
- Work closely with the Administration Team to guide them on instructions required for portfolio changes such as rebalances, adding or removing managers, benchmark changes and drawdowns.
- Provide feedback on the completion of executed trades to the Portfolio Management Team and Investment Consultants.
- Review portfolios regularly to ensure that they are aligned to their target positions. Attend review meetings to address any queries related to changes on the portfolios.
- Prepare and/or review reporting on trade and rebalancing activities including:
-
- Bi-weekly portfolio review meetings with Portfolio Management Team
- Monthly portfolio review meetings with Investment Consultants
- Monthly trade reports
- Quarterly trade reports
- Review daily derivatives exposures exception reports.
- Monitor and plan for capital calls and distributions ensuring that capital calls are met by the due date in a manner consistent with standing instructions (if applicable) and strategic intent of the portfolio.
- Assist in preparing proposals, client report-backs and other ad hoc queries / reports.
- Attend external meetings, when required and appropriate.
- Assist the Team Leader in managing the team mailbox, ensuring that queries are acknowledged and resolved, and instructions are logged and assigned accordingly.
- Monitor and manage the trade roster to ensure all open items are tracked, actioned and closed out within agreed timeframes.
- Initiate, drive and support internal improvement initiatives within the Invest department to ensure continuous business improvement.
- Maintain standard operating procedure documents for the Trade and Rebalancing function.
- Assist in training and upskilling junior team members.
- Act as a point of backup for the Team Leader in their absence, including day-to-day oversight of the mailbox and trade roster.
- Perform user acceptance testing of enhancements and change requests on systems and applications used by the team as required.
- As part of 2IC development, prepare and approve asset allocation and trade instructions, deputising for the Team Leader when required.
- Work closely with the Team Leader on ad hoc improvement and automation projects.
Other Key Relationships
- Portfolio Management Team.
- External parties such as Asset Managers, Brokers, Administrators and other service providers.
- Internal teams such as Investment Administration, Product Management, Fund Accounting and Reporting teams, and Consultants.
- Systems Development Team and external systems developers.
Remuneration
Market-related.
WHAT WE’RE ABOUT
It’s impossible to build a culture based on innovation, world-leading expertise and uniquely smart thinking without bringing together a very special group of human beings.
Discover what it takes to be a RisCurian here.
