Fund Oversight Analyst ( 24 month Fixed Term Contract)

Legal & General; London; On-site; GBP 40,000 - 60,000; Full time

Benefits offered by this job

Annual performance-related bonus plan

Life assurance

Healthcare Plan

At least 25 days holiday

Competitive family leave

Electric car scheme

Employee discounts

Redesigned workspaces for collaboration

Job summary

Legal & General is seeking a Fund Oversight Analyst to ensure the accuracy and compliance of fund valuation processes. This role involves overseeing unit price validation, maintaining relationships with third-party administrators, and enhancing oversight frameworks. Join a leading financial services group committed to responsible investment and sustainable value creation.

Qualifications

• Strong knowledge of various fund types and regulatory standards.
• Technical product oversight experience and guidance on fund investments.
• Understanding of supplier relationships and fund valuations.

Responsibilities

• Overseeing daily and weekly unit price validation for various fund types.
• Maintaining operational relationships and ensuring compliance with standards.
• Investigating breaches and proposing enhancements to mitigate risks.

Skills

Knowledge of SICAV

Knowledge of UCITS ICAV

Knowledge of QIAIF ICAV

Knowledge of CCF

Knowledge of Liquidity

Knowledge of ETF

Knowledge of Pooled Funds

Understanding of regulatory standards

Technical product oversight experience

Understanding of fund valuations

Education

IOC Levels 1–3 or equivalent qualifications

Job description

• Full-time
• Permanent or Fixed Term Contract: Fixed Term Contract
• L&G Business Unit: Legal & General Investment Management
• L&G sub Business Unit: LGIM
• Primary Location: London, One Coleman Street
• Job Family: Back Office Ops

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

L&G Asset Management is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

We're currently looking to hire a Fund Oversight Analyst to join L&G Asset Management!

As a Fund Oversight Analyst, you’ll play a key role in ensuring the accuracy, integrity and compliance of our fund valuation processes. This is an exciting opportunity to work across a diverse range of fund types and contribute to the continuous improvement of our oversight framework

What you’ll be doing:

• Overseeing daily and weekly unit price validation across SICAV, UCITS ICAV, QIAIF ICAV, CCF, Liquidity, ETF, CIT and Pooled Funds, using tolerance checks and benchmark comparisons to ensure pricing accuracy
• Undertaking operational controls by ensuring third-party administrators receive timely and accurate data for fund valuations, and monitoring compliance with internal and regulatory standards
• Maintaining operational relationships within L&G Asset Managementand across the outsourced relationships, ensuring that each performs their duty in accordance with regulatory guidelines, liaising with fund managers, operational teams and associated stakeholders to ensure swift and accurate resolution of issues
• Investigating and communicatingthe cause of breaches, to propose enhancements to current processes to mitigate risks to outsourced products, and to ensure a tight Root Cause effectiveness programme is in place
• Reviewing third-party performance data, coordinating fund manager approvals, and delivering accurate performance reporting to internal stakeholders
• Completingmonthly oversight of Third Party Administrator produced performance returns, the subsequent fund manager approval process and the delivery of data to internal stakeholders
• Supporting cross-functional collaboration between oversight teams in London and Cardiff, ensuring consistent processes and shared knowledge across locations

Qualifications

Who we’re looking for:

• Strong knowledge of SICAV, UCITS ICAV, QIAIF ICAV, CCF, Liquidity, ETF with good knowledge of Unit Trusts, OEIC, ACS, CIT and Pooled Funds
• Solid understanding regulatory standards for pricing and valuations within the UK and internationally
• Demonstrate technical product oversight experience and guidance on fund investments
• Strong knowledge of the outsourced fund ranges, the financial markets in which they operate, and financial instruments
• A strong understanding of fund valuations and the components
• A strong understanding of supplier relationships
• IOC Levels 1–3 or equivalent qualifications (beneficial but not essential)

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.