Associate - European Fund Operations

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Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years' experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn.

Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary of the role: The Associate – European Fund Operations will assist the Fund Operations team in the management of ongoing oversight of fund reporting provided to Waystone Management Company business by Administrators and other delegates, covering both AIFM and UCITS Management Company responsibilities. This role will support the European team in the management of International Investments for clients of Waystone and help to ensure ongoing regulatory compliance for these clients.

Essential Duties And Responsibilities

• Engage in the key Net Asset Value oversight for underlying funds, which includes:
• Validating NAVs produced by Fund Administrators
• Review of individual asset valuations to ensure compliance with WMC Valuation Policy
• Fund Budget creation, review and on-going supervision of costs
• Ongoing analysis of total expense ratios, fee accruals and invoicing process
• Collaborate closely on a regular basis with service providers (including Company Secretaries, Administrators, Auditors and Investment Managers) to monitor service levels of delegates.
• Support the annual and semi-annual audit process for managed funds, including assistance in the completion of relevant audit reporting on behalf of WMC as required dependent on fund domicile.
• Process LEI and ISIN requests for new funds and annual renewals for existing funds.
• Investigate operational incidents with relevant delegates to ensure they are satisfactorily resolved
• Help in the winddown and liquidation process for the funds closing down.
• Ensure on-going adherence to policies and co-ordinate with other internal teams to ensure successful servicing of Funds and SPVs on compliance, monitoring and regulatory reporting matters.
• Liaise closely with the various internal teams, covering Operations, Compliance, Relationship and Risk teams to evaluate the financial risks and operational risks of each client on an on-going basis, resolving and escalating to the Associate Director as appropriate.
• Keep abreast of regulatory changes.
• Aspire to be the technical expert in UCITS and AIFs.
• Actively participate in meetings, prepare and attend technical training.
• Assist colleagues with completion of ad hoc projects.
• Foster positive team environment and ensure open communication.
• Assist in the development, implementation and monitoring of policies and procedural manuals
  
  

Education

• A degree in Business/Finance/Accountancy.
  
  

Experience

• Min 1-2 years' experience within a Fund administration or similar operational environment.
• Strong networking skills and adept at building relationships.
• Knowledge of NAV production and/or financial reporting (desirable).
• Must be able to work in a fast-paced environment, including reporting and providing support to various members of the team.
• Outstanding time management, organizational skills, oral/written communication skills, critical thinking and attention to detail is required.
• Must be able to work in a fast-paced environment including reporting and providing support to various members of the team.
• Strong MS Office and Analytic Skills; mid-level information management software experience required.

Seniority level

• Seniority levelEntry level

Employment type

• Employment typeFull-time

Job function

• Job functionManagement and Manufacturing

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