Middle Office - Investment team Cash Management and Operational Support at Prescient Holdings (Pty) Ltd

Job description

Brilliant opporutnity to join a leading Investment Management team.

In this role 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.

• 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 Eagle and 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 eagle 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, front office solution and Eagle, 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 – wrt 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