Team: Manages a team of 7
Reporting to: Chief Operating Officer
Job Summary: Responsible for overseeing and managing day-to-day operations of investment products across asset classes. Ensure efficient and effective functioning of all operational processes related to investment management, trade settlement, distributions, compliance, client and regulatory reporting. Ensure appropriate risk controls are in place and adhere to internal policies and procedures and regulatory guidelines.
Key Responsibilities:
1. Develop the objectives and KPIs for Operations department and cascade the same to subordinates.
2. Manage a team of operations professionals, providing leadership, guidance and support to ensure high performance and productivity.
3. Validate and authorize all transactions with third party (broker/clearing house/selling agent) and on the company's system: cash and security withdrawal, cash and security deposit, buy/sell transaction, corporate action, settlement, distribution, fee booking, etc. Ensure timely and accurate execution.
4. Oversee the preparation and submission of Investment Funds’ financial statements.
5. Monitor and manage operational risks, implementing controls and procedures to mitigate potential issues.
6. Drive process improvement and automation initiatives to enhance operational efficiency and reduce manual work.
7. Oversee the preparation and submission of regulatory and client reporting adhering to requirements and timelines.
8. Ensure compliance with regulatory requirements and internal policies and procedures.
9. Collaborate with Finance, Asset Management and Compliance to ensure seamless operations.
10. Act as key point of contact for internal and external stakeholders regarding operational matters.
11. Prepare and submit reports on regular basis to Direct Manager covering the department main activities and outcomes.
12. Perform ad-hoc and other responsibilities related to the job as assigned by the Direct Manager.
Key Interactions:
Internal: Finance, Compliance / Audit / Risk, Asset Management, Advisory
External: Custodian, Investment Controller, Administrator, Auditor, Broker, Selling Agent, Clearing House, Bank & Other third-party service provider
Candidate Profile:
· Bachelor’s degree in Finance, Business Administration, Accounting or a related field. Master’s degree or related certification is a plus.
· Minimum of 7+ years of experience in operations within the asset management industry, with a strong understanding of investment products and processes.
· Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
· Proficiency in IDS Vestio software or other system used in asset management operations.
We, at Career Hunters, work closely with our client corporations to provide the best talent in today's competitive marketplace. By placing executives who wish to improve their career direction or seek lucrative opportunities in today's fast pace of life. Our specialization in Job analysis, helps us determing corporate requirements, towards employee characteristics which include, mental,physical and educational capabilities. In short, we surpass corporate requirements, in providing complete HR consultancy from Employee selection to Implementation and fallback. Being based in Kuwait, gives us the immediate knowledge of the region, the labour laws & ultimately the cultural background. Thus giving us the upper hand in providing proper and satisfactory results.
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