Investment Team Cash Management and Operational support / Money Market Dealing at Talent ID (Pty) Ltd

Job description

You will provide cash management and operational support to the Investment team, Analysts and Portfolio Managers, in a leading Investment Manager. Your role covers areas like fund/client take on, supporting the front office solution/Bloomberg AIMS, creating assets on the system, maintaining credit ratings and credit data as well as client liaison. This is a critical role supporting the front office team

Minimum requirements:

• University Degree (Finance/Maths/Stats/Business Science)
• Post Graduate and/or CFA studies preferred
• Required experience in Asset Management in Middle office support is essential, 2-6 years’ experience
• Knowledge of Financial Services Industry particularly the mechanics of Unit Trusts
• Knowledge of Bloomberg AIM together with knowledge of back office systems required
• Knowledge of Regulations an advantage
• Strong Excel skills
• Exposure to back office systems – Hiportfolio, InvestOne etc
• Knowledge of Bloomberg AIMS

Job Duties

• Operational Support:
• Funds/client take on and take off
• Asset set-up
• Check accruals, rates, spread, APS, listing requirements, rating etc
• Preparing instructions to ADMINISTRATOR (manage take-on process)
• Liaise with Compliance regarding mandate of take-on
• Liaising with Client’s administrator and ADMINISTRATOR – to ensure smooth take on
• Calculating off market take off’s/on nominal’s and values
• Assist with Legal to on-board client onto ISDA to ensure Client can trade swaps
• Front Office Solution/Bloomberg AIMS
• Support person for implementation of Front Office solution/AIMS within FI team
• Assist in testing of Front Office solution/AIMS when implemented
• Creating assets
• New FI assets on Front Office solution – ensuring setup is correct
• Ensure existing set-up is correct
• Significant experience for setting up ring-fenced structured assets that FI team have not bought.
• Static data maintenance of all assets
• Structured note set-up
• Maintain /updating manual excel sheets structured notes
• Ensuring pricing of assets is correct as MTM on JSE may be incorrect.
• Liaise with JSE to correct MTM
• Ensure FI trades MTM are correct on JSE
• Assisting FI desk ensuring trade settlement between counter party and ADMINISTRATOR.
• FI Team liaison with ADMINISTRATOR
• Credit Ratings and Credit Data: Key contact for all rating events, updating credit rating database, Maintain credit ratings in FI team as well as Compliance
• Ensuring FI team universe of credit instruments is always updated with new issues
• Client Liaison
• Ensuring everything is received (Operationally) from the client in order to on board new client.
• Point of contact for the client and ADMINISTRATOR once mandate is signed – ensuring client onboarding is smooth.
• Following up with client or client administrator – with regards to fund take on and take off’s
• Assist clients with special reporting requirements – where applicable
• Assist with mandates from a compliance point of view
• Cash Management Support
• Asset pricing and asset knowledge
• Understand and be able to price all interest-bearing assets
• Understand and be able to price interest bearing derivatives
• Know variables that are needed to price assets and maintain correct set-up in Admin system
• Money Market Dealing
• Build understanding and ability to manage daily portfolio cash sweeping
• Run daily cashflow forecast to sweep all portfolios
• Maintenance of investment and withdrawals log for the day
• Know model portfolio and required/allowed assets
• Get a sound understanding of the Regulations (Reg28, Cisca, etc)
• Check exposure of each account and calculate trades needed
• Ensure compliance to regulation and mandate is maintained
• Trade required position with Banks/Issuers
• Learn how to negotiate best rates and not accept poor deals
• Ensure admin notification happens timely and accurately
• Sound knowledge of STRATE settlement process
• Check portfolios after trades to ensure assets are correctly loaded
• Checking data capturing in software
• Investigation and troubleshooting trade system errors and failures
• Assistance with asset set up in software: Ensure asset set-up is 100% correct in admin system and that all fields have been entered
• Accuracy and speed is essential in this process
• Ad Hoc
• Check management fees and distributions at month-end
• Check fund fact sheets
• Check performances of cash funds are in line
• Do fund attributions as and when required