Asset Operations Analyst

TN United Kingdom; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the financial sector is seeking an Asset Operations Analyst to support investment operations. The role involves cash reconciliation, position management, and collaboration with internal and external stakeholders. Candidates should possess strong Excel skills and knowledge of trade flow management. This position offers a competitive salary and benefits including private medical insurance and a generous pension scheme.

Benefits

Private medical insurance

28 days' annual leave

Generous pension scheme

Qualifications

• Knowledge of trade flow and lifecycle management of Fixed Income and Money Market Products.
• Strong Excel and intermediate knowledge of VBA.
• Familiarity with corporate actions and KYC processes.

Responsibilities

• Manage cash reconciliation and payments using the Aladdin platform.
• Ensure accurate position management and reconciliation across platforms.
• Monitor corporate actions and support front office teams.

Skills

Organisational skills

Data analysis

Relationship management

Persuasion

Tools

Aladdin

Excel

SWIFT

Bloomberg

Job description

Social network you want to login/join with:

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

Our Company values are expected to be reflected in the delivery and performance of every role.

Role Purpose

• Asset Operations is a Middle and Back-office function, supporting multiple Portfolio Management and Trading teams who invest in Fixed Income, Private Equity / Private Credit products, and Private debt structured assets.
• Ensuring IBOR records are up to date and aligned as per expectation, enabling front office to make informed investment decisions based on timely and accurate IBOR data.
• Managing and supporting internal stakeholder teams:

- Front office teams on trade, asset position or cash-related issues.

- Finance and Accounting on trade, positions, and cash flow issues.

- Other Investment Operations departments for investigations.

• Managing and supporting external Providers:

- Custodians, Fund Accounting & External Investment Managers.

Main Areas of Responsibility

Cash Reconciliation and Payments

• Utilising Aladdin platform for cash flow / payment bookings, cash forecasting, reconciliation to custody and Fund Accounting.
• Maintaining a perpetually accurate cash record within the IBOR.
• Liaising with:

- Asset Operations for any breaks on manual postings related to Pension Operations Policy Holder Payments, PIC Finance Payments, Investment deal cash flows.

- Working with Asset Operations for automated breaks related to failing trades, delayed settlements, and CSDR fines.

- Derivative Operations for OTC-related breaks, delayed settlements, collateral movement failures, and cash reclaims from collateral Brokers.

- Global custodians to understand transactions from their perspective.

Position Management

• Using Aladdin platform to compare & reconcile custody postings, Fund Accounting, and Risk system balances against IBOR postings.
• Maintaining an accurate positions record within the IBOR.
• Liaising with:

- Asset Operations for position differences on Fixed Income, Private Equity / Private Credit, and Private debt structured assets.

- Derivative Operations for position differences on OTC Derivatives, REPO, and FX products.

- Data Integrity teams for discrepancies caused by Asset configuration.

• Investigating trade flow issues and liaising with internal parties.
• Managing internal transfer processes for asset transfers between accounts.
• Reconciling holdings to payout schedules to ensure accurate calculations.
• Tracking Income Payments and receipts for collateral-related postings or receipts with Derivative Operations.
• Tracking income on PIC Capital deals and Private debt structured assets, ensuring receipts from Borrowers / Loan Agents align with IBOR models.

Corporate Actions

• Monitoring corporate action notifications from vendors and custodians.
• Creating gold copy events within Aladdin accurately and timely.
• Collaborating with custodians to understand event nuances.
• Supporting front office in timely elections and managing election instructions to ensure acknowledgment and confirmation.
• Reconciling holdings to payout schedules to maintain correct positions and cash balances.
• Ensuring corporate action elections are reflected accurately across IBOR, Fund accounting, and custody data sources.

Role-specific Accountabilities

• Providing reconciliation across PIC investment platforms and to Custody.
• Building relationships with market counterparties and outsourced providers to position PIC as a responsive and fair counterparty, adopting market best practices where applicable.
• Maintaining an accurate Investment Book of Records.
• Delivering BAU tasks such as cash publishing and cashflow forecasting timely and accurately.
• Collaborating effectively with Portfolio Managers, Traders, Investment Operations, Pension Operations, Finance, Legal, Risk, and Change teams.
• Taking ownership of personal learning and development in technical and non-technical skills.
• Staying informed of industry trends, market developments, and regulatory changes.

Requirements

Knowledge

• Trade flow and lifecycle management of Fixed Income and Money Market Products.
• Cash and Treasury processes (desirable).
• Familiarity with custodian portals and utilities like Swift.
• Experience with corporate actions / corporate event processing.
• Understanding of KYC, AML, and onboarding processes.
• Fundamental knowledge of OTC Derivatives and Collateral Management.
• Proficiency in Excel with intermediate VBA skills.
• Knowledge of Aladdin systems and reconciliation processes.

Skills

• Self-starter with strong organizational skills.
• Persuasive and influential in communication.
• Ability to meet deadlines through effective organization.
• High standards of accuracy and effectiveness in dynamic environments.
• Proficient in MS Excel, PowerPoint, Word, Bloomberg, and related reconciliation and cash processes.

Experience

• Experience with pre- and post-trade lifecycle and reconciliation in Aladdin, covering products like fixed income, real estate, and structured products, including cash movements.
• Understanding of SWIFT network and message interrogation.
• Ability to build relationships with stakeholders from Portfolio Managers to Custodians.
• Experience in developing expertise and delivering accurate, timely analysis.
• Experience with trading, trade matching, settlement, and custody systems.
• Process improvement and continuous development experience.

In addition to a competitive salary, PIC offers benefits including private medical insurance, 28 days' annual leave, a pension scheme, and more.