Manager - Operations & CASS Oversight (UK)

Carne; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the asset management sector is seeking a UK Operations & CASS Oversight Manager to enhance service delivery and oversee critical regulatory processes. This role demands expertise in financial services with a strong grasp of operational compliance and excellent analytical skills, based in their London office.

Qualifications

• Minimum of 5 years of financial service experience in operations.
• Knowledge of CASS regulatory requirements is essential.
• Experience in asset management operations preferred.

Responsibilities

• Monitor delegates and service providers for the UK ACD Funds.
• Ensure timely fund reporting and oversight of operations.
• Provide operational support for existing Sponsor Fund changes.

Skills

Oversight

Analytical

Teamwork

Communication

Education

5 years of financial service experience

Understanding of CASS regulatory requirements

Tools

Excel

Job description

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Vacancy Name
Manager - Operations & CASS Oversight (UK)

Location(s)
London

Employment Type
Permanent

Department
Client Operations

Description

What are we looking for?

Carne Group is looking for a UK Operations & CASS Oversight Manager to support the UK Operations Team by interacting and overseeing the processes undertaken by our delegated Transfer Agencies and Fund Administrators in relation to the UK ACD's Funds, engaging with the teams therein to ensure a high level of service delivery and in accordance with the regulatory requirements.
The role will be based in the London office. Ideal candidates will be ambitious professionals who are seeking to build their careers in a dynamic and fast-growing environment.

What are the minimum requirements you need for the role?

• Minimum of 5 years of financial service experience, ideally in the operational aspects of UK authorised and unauthorised funds.
• An understanding of the operational processes performed by Transfer Agencies and Fund Administration providers for UK Funds.
• Experience of operational processes of an asset management business.
• Detailed knowledge and understanding of the CASS regulatory requirements.
• Experience of managing CASS processes provided by TA providers.
• Have a good knowledge of Excel and a mindset to automate.
• Demonstrated ability to provide oversight, exercise sound judgment in decision-making, and deliver clear, actionable reporting on findings.

What is your role and responsibilities?

• Ongoing monitoring of delegates and service providers for the UK ACD Funds, including Transfer Agent and Fund Accounting activities, in line with the agreed Service Level Agreement and Key Performance Indicators.
• The day-to-day oversight for all CGFMUK Funds, ensuring that all fund reporting is received and recorded on a timely basis and appropriate actions initiated as required.
• Support the preparation and delivery of requisite reporting to appropriate parties, Fund Oversight Committee and fund regulators within prescribed deadlines.
• Review and approval of Fair Value or Swing Pricing assessments as required.
• Review and approval of both pre and post NAV review including fund budget.
• Assist with oversight of client money reconciliation breaks.
• Gather MI required by the Fund's Oversight Committee.
• Monitor the operations procedural review cycle ensuring updates and required approvals are secured.
• Oversight of Client Money reconciliations breaks
• Review and submission of CMAR Returns
• Review & Sign Off Fund Expense Payments
• Manage Investor Shortfall Requirements
• Ensure outsourced providers' CASS processes and controls are detailed and in line with business and regulatory requirements
• Periodic review of CASS resolution packs and Client Money Acknowledgment Letters
• Manage and supervise the content of all retail complaints to measure and CASS Impact
• Ensure all regulatory returns are submitted accurately and on time
• Review and sign off internal and external delegate SLAs/KPIs
• Provide subject matter expertise to any RFPs and due diligence
• Provide operational support to the Onboarding Team in relation to new Sponsor Fund launches.
• Provide operational support in relation to existing Sponsor Fund changes.
• Adapt to new tasks and processes requiring support from the Team ensuring that they are implemented and continuously performed to the required standards.
• Escalate to the Head of Operations, UK as required in accordance with the UK Operations Escalation Procedure.

What Competencies do you require?
Teamwork (Team player)Develops relationships within and across teams, working collaboratively to resolve potential challenges quickly.Developing OthersMotivates and supports others to deliver results, coaching them to optimise performance.Leading and InfluencingTakes the lead within the team and wider organisation, able to influence and persuade others in order to achieve objectives.Effective CommunicationCommunicates effectively, engaging with others in a warm and professional mannerPlanning and OrganisingOrganises and plans work effectively, ensuring delivery to quality and timescales in the short and longer termAnalytical (Attention to detail)Analyses and understands relevant and complex information and data to draw appropriate insights.Strategic Focus (Problem-Solving)Thinks strategically, thrives on innovation, considers the wider picture to identify new approaches to enhance business impactAdaptabilityAdapts approach and responds effectively to different situations, people and new opportunitiesResilienceWorks well under pressure, bounces back quickly from setbacks in a positive and constructive mannerDrive and MotivationHighly motivated and driven, able to focus on what needs to be achieved and enthuses others to do this.Client-centric focusMotivated by customer-facing environments, understanding their needs, and providing a good service.Learning MindsetCuriosity to learn and understand key factors, new techniques or technologies affecting their work.

Who is Carne Group?
Carne Group has established itself in the funds industry with $1tn in AUM supported by 600+ staff and four regulated management companies. Together with a large team of industry specialists, Carne serves more than 550+ traditional and alternative asset management clients from key fund jurisdictions and financial hubs including Ireland, Luxembourg, Zurich, Lisbon, London, New York and the Cayman and Channel Islands.

Excellence and innovation are central to Carne's work, and we are committed to attracting and retaining the best talent to deliver an unrivalled service to our clients. Whilst working with Carne, you will be provided with opportunities to develop your skills and experience by working in a dynamic, innovative, and multicultural environment where exciting careers are built.

We love hearing from anyone who is enthusiastic about changing the asset management industry. Not sure if you meet all the requirements? Let us decide! Research shows that members of other under-represented groups tend not apply to jobs when they think they may not meet every qualification, when in fact, they do! At Carne we are committed to creating a diverse and inclusive environment and strongly encourage you to apply