Business Manager Rosebank

Internet Concepts; Gauteng; On-site; ZAR 1 000 000; Full time

Job summary

A financial services company based in Gauteng is seeking an experienced professional to manage the end-to-end operations of the ETF Manco Business. The individual will oversee regulatory adherence, product delivery, and financial performance. Ideal candidates should have significant ETF knowledge and experience, a relevant finance degree, and strong problem-solving abilities. The role offers a competitive package of up to R1 million CTC per year.

Qualifications

• 5-10 years post-degree experience preferred.
• Experience with Unit Trust Collective Investment Schemes is beneficial.
• Automation and Operational knowledge of ETFs encouraged.

Responsibilities

• Manage the end-to-end running of ETF Manco Business.
• Collaborate with finance and operations teams for ETF functionality.
• Ensure compliance with rules and regulations.
• Provide financial and commercial oversight.
• Work with marketing on asset management strategies.

Skills

ETF knowledge and experience

Attention to detail

Problem-solving skills

Linked Investment Service Provider knowledge

Understanding of market liquidity and risks

Education

BCom with specialization in Investment, Financial Management or Economics

CFA or MBA

Job description

Introduction

Daily end-to-end running of the ETF's business. This includes launching the initial ETFs planned and liaising with all parties to ensure their regulatory adherence and optimal launch. Responsible for maximizing the business value of the product and ensuring the product roadmap is agreed and administered over time. Ultimate responsibility for the delivery of the product from creation, P&L, administration, reporting, and project management.

Duties & Responsibilities

• Manage the end-to-end running of ETF Manco Business (operations and investments of a fund).
• Work with group trading, operations, and asset management teams to ensure the smooth running of the ETFs and the Manco.
• Collaborate with the group finance function to ensure smooth running of the ETFs and the Manco finances, accounting, audits, and tax matters.
• Work with all outsourced service providers to ensure performance within SLA set.
• Provide financial and commercial oversight, tracking and monitoring against targets – P&L, capital adequacy, cash flow management, setting and comparing fees to ensure competitiveness and market relevance.
• Engage with shareholders and manage suppliers including Trustee and Sponsor, regulators (FSCA and SARB), exchanges (JSE), Market makers, Investment manager, Administrator, local and international transfer secretaries and custodians, Auditor, Index calculating agent (if applicable), and Investors.
• Work on product and business strategy and market positioning with the Grow Team and MD on Product Design.
• Collaborate with the marketing team for market research and attracting new and retaining existing assets under management in the ETFs.
• Manage fund fact sheets, MDD (minimum disclosure document), website, and any other required investor communication such as SENS announcements via the exchange.
• Drive new listings allocation process with all stakeholders and suppliers like trustees, sponsors, regulators, exchange, market makers, and administrators.
• Ensure governance by holding regular board meetings, preparing packs, constructive engagement, and obtaining necessary approvals while adhering to documented policies and procedures.
• Ensure compliance of Manco and funds with all required rules and regulations (with support from internal and external compliance).

Desired Experience & Qualifications

• ETF knowledge and experience (essential).
• Unit Trust Collective Investment Schemes knowledge and industry experience (beneficial).
• Attention to detail and good problem-solving skills.
• Linked Investment Service Provider knowledge (essential).
• Good understanding of market liquidity and risks.
• Automation and Operational knowledge of ETFs encouraged.
• BCom with specialization in Investment, Financial Management or Economics or equivalent Finance or Management Degree.
• CFA or MBA (beneficial).
• 5-10 years post-degree experience (beneficial).

Package & Remuneration

R - R1 million CTC.