R HIGHLY NEGOTIABLE PLUS ANNUAL PERFORMANCE BONUS
Our client is an authorised Financial Services Provider, a licensed Retirement Fund Administrator and Investment Manager. They provide a full range of services and products to retirement investors. They administer retirement funds and facilitate risk (insured) benefits. The company manages investments for retirement funds.
Our client is disrupting the investment industry to get dramatically better value for their clients’ long-term savings and lead more dignified lives in how to invest at retirement. The company is challenging the industry by providing a simple, direct low fee investment solution. They are on a mission to build a customer centric tech enabled company – think Amazon They have an outstanding eight-year track record delivering industry beating returns at lower costs with operational excellence and exceptional client retention. But they have only just started. They need great people to help them achieve their dreams.
They now seek a manco operations lead to join their team.
JOB DESCRIPTION WILL INCLUDE BUT NOT BE LIMITED TO:
- You will be responsible for day-to-day operational management of two management companies, each with a CIS and an ETF scheme, ensuring effective execution of governance, regulatory and operational requirements under CISCA, FSCA and JSE frameworks;
- Manco operations:
- You will be required to oversee transfer agency of the manco including financial intermediaries, pension funds and direct discretionary retail clients;
- You will be responsible for new fund onboarding, offboarding, ballots, amalgamations and other corporate actions;
- You will be responsible for fund pricing governance;
- You will be responsible for the fund distribution process;
- You will be required to be the owner of all regulatory collateral associated with the manco including MDD’s, GIR’s and investor forms;
- You will be required to oversee outsourced service providers as it relates to the manco, monitoring performance against agreed SLAs and escalating issues where standards are not met;
- You will be required to resolve escalated client queries particularly as it relates to intermediaries;
- You will be required to manage regulatory, statutory and supervisory reporting, ensuring accuracy, completeness and timely submission;
- You will be required to liaise with the company secretary to ensure board packs contain the appropriate information for directors to meet their fiduciary duties;
- You will be required to oversee external audit of the CIS funds;
- You will be required to translate regulatory and fiduciary obligations into practical, workable operating processes that support a strong and sustainable control environment;
- You will be required to support first-line compliance activities, working closely with compliance to embed regulatory requirements into operational processes;
- You will be required to actively identify and assess operational risks, including emerging risks arising from service providers and operational change;
- You will be required to manage incidents and errors, including root cause analysis, remediation actions and tracking of corrective measures to closure;
- You will be required to monitor key controls and support remediation where control weaknesses are identified;
- You will be required to manage the section 104 manco bank accounts, including oversight of inflow account reconciliations, timely resolution of reconciling items and escalation of aged or unexplained items in line with control and reporting requirements;
- You will be required to work closely with internal stakeholders and external service providers to ensure clear accountability and effective oversight;
- You will be required to enable the management company to meet its fiduciary duties, protect investors and support broader business objectives through sound operational execution;
- You will be responsible for team management to deliver on responsibilities, knowledge transfer and mentoring of juniors.
CORE COMPETENCIES REQUIRED, BUT NOT LIMITED TO:
- You are passionate, determined, smart high eq and iq. You are a self-starter and both ambitious as well as an independent thinker.
CORE QUALIFICATIONS AND EXPERIENCE:
- You have an accountancy qualification, CA(SA) or equivalent;
- You have an investment or tax qualification, CFA, CFP or equivalent;
- You have regulatory knowledge e.g. RE5 exam;
- You have asset management tax and accounting specific product knowledge;
- You have a minimum of 5 years current, relevant experience in a similar role;
- You have prior experience in pricing, NAV oversight, fund accounting – this is beneficial.
Great team; huge opportunities to initiate better ways of work while providing leadership and guidance to the team. Rewards on performance as superb!