AVP / VP Operations
- Employer
- Finance Network
- Location
- Singapore, Singapore
- Salary
- negotiable
- Closing date
- Jun 6, 2023
View more
- Job Function
- Operations
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Responsibilities
Management of day-to-day Operations:
o Daily trade confirmation, settlements, cash, and position reconciliations.
o Daily P&L calculation, Risk & Collateral management.
o Review and verify weekly/monthly NAV calculations prepared by the administrator.
o Compile Fund Performance updates, portfolio, and KPI reports required by management, current and prospective investors.
Implementation of Strategic initiatives:
Oversight of new fund development, design and launch processes:
Prior Work Experience
Qualifications
Domain Skills
Soft Skills
Management of day-to-day Operations:
- Manage relationships with PB's, Brokers, Fund Administrators & other service providers.
- Management & oversight of back & middle office teams performing
o Daily trade confirmation, settlements, cash, and position reconciliations.
o Daily P&L calculation, Risk & Collateral management.
o Review and verify weekly/monthly NAV calculations prepared by the administrator.
o Compile Fund Performance updates, portfolio, and KPI reports required by management, current and prospective investors.
- Monitor and ensure the KYC & AML checks on investors are performed accurately in a timely manner. Work closely with the Compliance team to review and approve any exceptions as required.
- Collaborate with Portfolio Management and external parties to ensure compliance in all operational areas.
- Oversee year-end audit with auditors and administrators.
Implementation of Strategic initiatives:
- Work closely with Compliance department to review & implement all regulatory, licensing and compliance requirements.
- Ascertain appropriateness and functionality of technology and systems.
- ontingency planning for time sensitive or high-risk activities and processes.
- Ensure that appropriate checks and balances are in place to ensure that all credit, market, operational, regulatory/compliance and business risks are managed and measured.
- Budget and Financial Management for the Department, ensuring financial soundness and expense optimization.
Oversight of new fund development, design and launch processes:
- Work closely with firm's senior management to understand new fund's launch requirements & timelines.
- Co-ordinate with onshore & offshore legal counsel on fund structuring & set up. Provide inputs and finalize Offering Memorandum, Subscription & Redemption forms, and other ancillary documents.
- Evaluation & selection of Prime Brokers, Custodians, Bankers, Fund Administrators & other service providers.
- Completion of required account opening & onboarding formalities.
- Design & implement internal operational flow & controls.
Prior Work Experience
- 10-12 years' experience in banking and/ or Fund Management Operations experience with at least 7 years' experience in managing team.
Qualifications
- Possesses solid knowledge of various Operations areas and workflows such as Equities, Fixed Income, and Derivatives.
- Knowledge of Banking regulations and laws as well as MAS guidelines.
- Ability to multi-task and drive project management for the division.
Domain Skills
- Good understanding of Reconciliations (Cash + Position).
- Have historically active interaction with industry participants such as counterparties, clearers, custodians, fund administrators, vendors etc.
- Familiarity with capital markets technology such as Portfolio Management, Order Management, Reconciliation systems.
- It would be a plus if the candidate understands multi asset classes including Private Equity / Venture Debt.
Soft Skills
- Excellent interpersonal and communication skills - candidate will need to be able to interact with all levels of internal and external stakeholders.
- Skills (Include soft skills both required and desired such as Team player, People Manager etc.).
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