Investment Oversight Manager

Job description

The Team 

Our Risk and Regulatory practice provides advisory services to assist leading organisations in the Wealth and Asset Management (“WAM”) sector. KPMG has a proven track record of helping clients in this area, and we have significant growth plans in this sector given the opportunities arising from a substantive regulatory agenda, an evolving and increasingly complex risk management environment, and a need to transform risk and compliance capability.

The Risk and Regulatory team possess a variety of core assurance and advisory skills and have considerable industry knowledge and specialist expertise of the UK and EU regulatory environment.

The Role – Manager

Responsibilities: 

Advising clients on key areas of risk and regulatory compliance within the WAM sector and the challenges that changing regulation has on their business models. This role has a specific focus on front office controls and trading oversight. This will include supporting clients on the following areas:

• Front Office governance arrangements, control environments and corporate culture around dealing, investment management processes and related regulatory compliance in this area
• The development of Target Operating Models for risk and control functions cross the 3 Lines of Defence.
• Reviewing, developing, and implementing risk monitoring capability aligned to the investment teams and dealing desks .
• Conflicts of interest management across the front office including the use of related technology in this area. Developing best practice control and oversight around COBS compliance
• The review and development of market surveillance programmes including market abuse frameworks and related technology in this area
• Supporting regulatory change and implementation programmes with a specific focus on the front office, investment solutions and dealing.
• Pre/Post regulatory implementation health checks.
• Delivering client engagements, working in both small sized teams and larger, multi-disciplinary teams.  This would include the whole engagement lifecycle:  Planning to completion and reporting directly to the engagement Director and Partner.
• Delivering Section 166 reviews and reporting to the FCA as part of a wider team.
• Providing advice regarding regulatory requirements affecting the WAM sector.
• Delivering high quality written outputs for client consumption.

The candidate will also be expected to:

• Keep up to date with industry specific issues and circumstances which affect WAM regulation
• Prepare presentations and lead internal training
• Develop propositions and points of view around the risk and control environments within the Front Office, dealing and trading oversight teams.

The Person

Qualifications and Skills:

• Educated to degree level or equivalent.
• Professional qualification preferred (e.g. CFA, FRM, PRM), with strong knowledge of regulatory rules and guidance but crucially practical application within the WAM industry.
• Strong understanding of businesses, structures, governance frameworks, and process and control infrastructures of firms in the WAM sector.
• Strong communication skills and ability to influence and deal with senior individuals.
• Knowledge of the UK/EU regulatory environment, including the familiarisation with:
  • FCA Handbook:
    • SYSC
    • COLL
    • FUND
    • MAR
  • UCITS
  • AIFMD
  • MAR
  • MiFID II
    
    

Knowledge/Experience:

• 5-10 years’ experience in a financial service role with specific experience in a risk or regulatory role.
• Strong understanding of the trade life cycle in asset management                                                                                          
• Excel proficiency, with bonus points for SQL or Python
• The ability to evaluate technical issues, analyse facts, consult and deliver solutions to clients.
• Excellent communication and presentation skills, including an ability to communicate well with clients (internal and external) in writing and verbally.
• Experience with Order Management Systems such as BlackRock Aladdin, CRD, Simcorp and Sentinel.
• Strong expertise of at least one of the following areas; Investment Risk, Investment Compliance, Market Abuse, Best Execution.
• Understanding of regulatory developments and key current issues facing clients.
• Experience in working with teams and the ability to work independently.