Investment Operations Associate

LegalAndGeneral; Hong Kong Island; On-site; HKD 360,000 - 520,000; Full time

Benefits offered by this job

Annual bonus

Share schemes

Pension

Life assurance

Rental Reimbursement

Healthcare Plan

20 days holiday

Family leave

Discounts

Job summary

Legal & General (L&G) is a leading UK financial services group and major global investor, with asset management and retirement solutions across Europe and APAC. We are recruiting for an Investment Operations Associate to oversee ETF and ICAV valuations and related middle-office functions in APAC, delivering high-quality support to Trading and Fund Management teams.

The role focuses on monitoring NAV calculations, validating third-party administrator outputs, and mitigating settlement risk across

Qualifications

• Experience in Investment Operations with NAV production or valuation oversight.
• Ability to analyse, challenge and resolve valuation queries independently.
• Knowledge of trade lifecycle, settlement, custody, and post-trade operations in APAC/EMEA.

Responsibilities

• Oversight of ETF and ICAV fund valuations, reviewing NAV calculations, and providing sign-off or challenge to third-party administrators.
• Partner with Fund Management to investigate and resolve valuation queries across ETFs and pooled funds.
• Review post-trade transaction cost analysis against expected costs; understand fund flows and trading activity.
• Support the launch of new ETFs and listed share classes; coordinate operational readiness and process changes.
• Lead oversight of outsourced service providers across start-of-day, intraday and end-of-day trade lifecycle activities.
• Monitor APAC market activity, identify settlement risks and drive timely resolution to minimise risk.
• Manage subscription and redemption processing and client servicing for operational effectiveness.
• Investigate reconciliation breaks and custody issues while communicating with Asia client servicing.

Skills

Investment operations

Fund valuations

NAV production

Valuation oversight

Trade lifecycle

APAC/EMEA knowledge

Stakeholder communication

Tools

State Street

CTM

Job 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.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions tobenefitour clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

We’re recruiting for an Investment Operations Associate to join our APAC Investment Management Operations team. Responsible for providing independent oversight of outsourced service providers supporting the valuation of two core European investment vehicles: an Irish-domiciled ETF umbrella and ICAV umbrella. The successful candidate will monitor valuation activities, identify and investigate anomalies, and provide assurance that the Third-Party Administrator is accurately calculating fund valuations for publication to exchanges and investors.

A strong understanding of ETF and fund valuation processes is essential, given the strategic importance of these products.

In addition, the role oversees key Middle Office functions across the APAC region, including trade lifecycle management, cash management, and reconciliation activities, ensuring robust operational controls and the timely mitigation of settlement risk.

Acting as a trusted partner to the Asia Trading Desk, Fund Management teams, and strategic clients, the role-holder will deliver high-quality, solutions-focused support. The position plays a critical role in maintaining client confidence, strengthening the operating model, and supporting the continued growth and success of the Asia business.

What you’ll be doing:

• Conducting oversight of ETF and ICAV fund valuations, reviewing NAV calculations, providing timely sign-off or challenge to third-party administrators, and identifying opportunities to strengthen controls, mitigate risk, and improve operational efficiency
• Partnering with Fund Management to investigating and resolving valuation queries across ETFs and pooled funds, supporting the accurate and timely publication of NAVs
• Reviewing post-trade transaction cost analysis against expected costs, collaborating with ETF Capital Markets and Distribution teams to understand fund flows, trading activity, and associated expenses
• Supporting the launch of new ETFs and listed share classes, coordinating operational readiness activities and embedding changes to operating models and processes
• Leading oversight of outsourced service providers across start-of-day, intraday, and end-of-day trade lifecycle activities, ensuring high-quality service delivery, robust controls, and effective support for Trading and Fund Management teams
• Monitoring APAC market activity, identifying settlement risks, operational exceptions, cash impacts, and trade mismatches, and driving timely resolution to minimise risk exposure
• Managing subscription and redemption processing, supporting efficient funding, trading execution, client servicing, and overall operational effectiveness
• Investigating reconciliation breaks, overdrafts, and custody-related issues while acting as a key contact for Asia client servicing, managing stakeholder queries, providing analysis, and escalating issues where required

Who we’re looking for:

• Investment Operations experience with strong knowledge of fund valuations, including NAV production and/or valuation oversight, and the ability to independently analyse, challenge, and resolve valuation queries
• Applying strong knowledge of the trade lifecycle, settlement, custody, and post-trade operations across EMEA and APAC markets
• Overseeing outsourced and third-party service providers, monitoring service delivery, controls, and SLA performance to ensure high-quality operational outcomes
• Managing reconciliations and operational exceptions across cash, stock, and NAVs, identifying root causes and driving timely resolution of breaks
• Operating effectively within multi-currency environments, leveraging knowledge of global custodians and matching platforms such as State Street and CTM
• Building strong relationships with stakeholders, clients, and service providers, communicating effectively across multiple levels and functions within a global organisation
• Applying a robust risk and control mindset, demonstrating ownership, attention to detail, sound operational judgement, and disciplined escalation of issues where required
• Driving proactive problem solving and continuous improvement initiatives while working successfully in a fast-paced global environment, with strong written and verbal English skills; Cantonese, Mandarin, or Japanese being advantageous

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
• Generous pension contribution
• Life assurance
• Rental Reimbursement Programme available
• Healthcare Plan (permanent employees only)
• At least 20days holiday, plus public holidays. There’s also the option to sell holiday
• Competitive family leave
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

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 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.