Joint Managing Partner
Funds & Investment Management | Executive
Designated Person Support – Investment Management
Job ref: 51488
LocationDublin City Centre
SectorFunds & Investment Management
Job typePermanent
SalaryUp to €60,000
DESIGNATED PERSON SUPPORT – INVESTMENT MANAGEMENT
Dublin
Its platform services include product development, platform management, operations, ETP capital markets, marketing and distribution, providing an efficient way to bring ETPs to market, lowering the barriers to entry, reducing costs and increasing speed-to-market.
Founded by experienced ETP entrepreneurs, the business brings together a highly knowledgeable team with extensive experience of launching, managing and distributing ETPs.
Our client’s Central Bank of Ireland-authorised UCITS management company manages a large and growing range of UCITS ETFs across several Irish ICAVs, with multi-billion platform assets and a busy launch pipeline.
The ETFs are largely index-tracking, so the emphasis is on the breadth and rigour of oversight across a large number of managers rather than complex valuation or modelling. This role would suit someone who enjoys working with external service providers, following issues through to resolution and producing clear, well-evidenced output.
This is a full-time, permanent role based in Dublin (hybrid, three days a week in the office), reporting to the Designated Person for Investment Management.
Responsibilities for this position include:
Investment manager oversight
For a confidential chat on this role, contact Anne Keys on anne@thepanel.com
Dublin
Company Overview
Our client is an independent, full service, white label provider of Exchange Traded Products (ETPs) in Europe. It offers a fully managed UCITS Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs) solution for asset managers and other financial institutions seeking to enter the European ETP market.Its platform services include product development, platform management, operations, ETP capital markets, marketing and distribution, providing an efficient way to bring ETPs to market, lowering the barriers to entry, reducing costs and increasing speed-to-market.
Founded by experienced ETP entrepreneurs, the business brings together a highly knowledgeable team with extensive experience of launching, managing and distributing ETPs.
Our client’s Central Bank of Ireland-authorised UCITS management company manages a large and growing range of UCITS ETFs across several Irish ICAVs, with multi-billion platform assets and a busy launch pipeline.
Position Overview
An opportunity has arisen for a Designated Person Support – Investment Management to join the Dublin team. The management company delegates portfolio management to more than 20 investment managers. The role supports the Designated Person for Investment Management in overseeing those managers across the full product lifecycle: due diligence before appointment, ongoing monitoring and challenge, and the governance papers that go to committees and the Board.The ETFs are largely index-tracking, so the emphasis is on the breadth and rigour of oversight across a large number of managers rather than complex valuation or modelling. This role would suit someone who enjoys working with external service providers, following issues through to resolution and producing clear, well-evidenced output.
This is a full-time, permanent role based in Dublin (hybrid, three days a week in the office), reporting to the Designated Person for Investment Management.
Responsibilities for this position include:
Investment manager oversight
- Run the ongoing oversight cycle for the delegated investment managers, including quarterly KPI and service level returns, periodic due diligence questionnaires and oversight calls.
- Attend on-site and virtual due diligence visits, and prepare visit reports and call notes for review.
- Review portfolio monitoring outputs (e.g. tracking difference and tracking error, investment restrictions, concentration) and follow up exceptions with investment managers.
- Follow up investment restriction breaches and trade errors with investment managers, the fund administrator and the depositary, covering root cause, remediation and, where due, compensation.
- Carry out due diligence on new investment managers ahead of fund launches and support their onboarding, working with Legal on investment management agreements.
- Keep investment manager records, oversight files and the third-party arrangement register current, and track actions to closure.
- Prepare product governance memos for new funds, material changes and periodic product reviews.
- Prepare papers for the Product Governance Committee and support the review of fund documentation and target market assessments with the Legal and Product teams.
- Prepare the Designated Person’s periodic investment management reports and inputs for the Board and the Delegate Oversight Committee.
- Support the annual audit and financial statements process in respect of investment manager inputs.
- Respond to internal, auditor and regulatory information requests on investment management oversight.
Requirements
Essential
- Typically 2–5 years’ experience in funds or asset management, ideally in investment manager or delegate oversight, investment compliance, portfolio monitoring or a related role at a management company, fund administrator, depositary or asset manager.
- Working knowledge of the UCITS framework, including investment restrictions and the delegation of portfolio management.
- Familiarity with the Central Bank of Ireland’s requirements for fund management companies (CP86 / Fund Management Companies Guidance).
- Strong Excel skills and comfort working with portfolio and holdings data.
- Ability to write clear, accurate papers for committees and boards.
- Degree in finance, economics, business, law or a related discipline.
- Right to work in Ireland.
- Experience with ETFs or index-tracking funds.
- Experience of UCITS product governance.
- Bloomberg experience.
- Progress towards a relevant professional qualification (e.g. CFA, ACCA).
- High level of honesty, integrity, accountability and a team player.
- Exceptional attention to detail, able to work to tight deadlines and balance multiple tasks without compromising quality and accuracy.
- Comfortable working in a fast-paced, small team environment with a high degree of individual autonomy, and receiving direct, honest feedback.
- Proactive in identifying issues and improvements, and in following actions through to completion.
- Strong written and verbal communication skills, with the confidence to challenge external providers constructively.
- A desire to keep up to date with industry and regulatory developments and to drive their own professional development.
- Our client is a dynamic growth business, and the role would suit candidates who are flexible and adaptable in their approach to help achieve its business objectives.
For a confidential chat on this role, contact Anne Keys on anne@thepanel.com
