Investment Operations Data and Derivatives Manager

Posted 1 month agoExpires in 9 days
London
Employee
Competitive

Our aim is for everyone in the National Church Institutions (NCIs) to feel that they belong and are valued for who they are and what they contribute. Together, our people contribute in different ways towards our common purpose, whichever NCI they work in and whatever their background.

The Church Commissioners for England is a statutory corporation and a registered charity that is both a major financial institution (with responsibility for an investment fund of over £9 billion for the Church of England) as well as an administrative body with regulatory and quasi-judicial duties.

The investment fund comprises a diversified portfolio of circa £9.1bn in equities, real estate, credit, and a wide range of alternative assets, including private markets funds, timberland, absolute return funds and others.

The Investment Division is responsible for all aspects of the management of the Commissioners’ investments. To do this we combine external investment management with managing some assets, including our derivatives hedging and EPM activity in house.

As Investment Operations Derivatives and Data Manager, you will be responsible for the investment and market data activities required to support the successful delivery of a robust Investment and Accounting Book of Record (IBOR, ABOR) to the investment, RI and operational teams, including oversight of the data flows into internal systems and the coordination of data management processes so that data issues are identified and resolved appropriately.

You will also support internal derivatives activities, including transaction, lifecycle (collateral, margin and expiry management) and data management across both exchange traded and over-the-counter instruments.

Although empathy for the aim and values of the Church is important, we are welcoming applicants from all faiths or none.

The National Church Institutions are taking a flexible approach to work, with many teams opting for a hybrid approach to their working week, with a mixture of home and office-based working. Details about working arrangements for this post will be discussed further at interview. Some tasks may occasionally involve working out of normal office hours in order to meet deadlines.

The Church of England is for everyone and we want to reflect the diversity of the community the Church serves across the whole country. Therefore, while of course we welcome all applications from interested and suitably experienced people, we would particularly welcome applicants from UK Minority Ethnic Backgrounds.

This role is offered on a full time, permanent basis.

For an informal conversation about the role, please contact neeta.shah@churchofengland.org

In return we offer a unique environment with opportunities for continuous learning, generous annual leave for work life balance, season ticket loans and a range of benefits including discounted entry to attractions and what we feel is a market leading package when it comes to our pension scheme.

Main Duties and Responsibilities

Data Management

  • Point of contact and coordination of new data requirement requests.
  • Assistance with the design and implementation of appropriate controls to ensure the integrity and accuracy of data.
  • Resolution of data issues where there are cross-team conflicts, escalating where appropriate.
  • Day to day oversight of the Matrix Managed Service, that manages external provider data delivery.
  • Execution of the daily ‘runbook’ to release the IBOR for use by investments and operations teams.
  • Set up and maintenance of entities, accounts, benchmark indices and fund hierarchy within the data platform.
  • Maintenance of the security master including new security setup, amendment & exception processing.
  • Setup of new investment manager holdings data feeds.
  • Working with the Investment Accounting function, perform reconciliations between IBOR and ABOR.

Derivatives support

  • Support exchange traded and OTC derivatives transactions, including pre and post trade compliance checks.
  • Monitor / carry out lifecycle events, including margin and collateral management and contract maturities.
  • Maintenance of position set up and valuations in the data platform where required.
  • Maintenance of procedures and ‘how to’ guides relating to
  • Involvement in ongoing work to set up new instruments.
  • Day to day contact with execution agents, counterparties and clearing broker for the management of positions.

Market Data Management

  • Support the management of relationships, where appropriate, with external data providers, e.g. benchmark index providers.
  • Support of annual budgeting processes relating to market data.
  • Coordinate new market data requests, including working with the Vendor and Contracts Manager and Head of Investment Legal on key contractual terms and matters of due diligence.

Investment Operations Support

  • Cash management activities, including reconciliations, projections and payments.
  • Providing support for Money Market, Treasury and FX trading.
  • Assist with changes to the Commissioners’ securities portfolio, including account and market set up at the custodian.

The Requirements

Essential:

Knowledge and Experience

  • At least 5 years’ experience of working in a multi-asset asset owner or asset manager, including managing the data and operational requirements of a broad range of asset classes such as listed assets, exchange traded and OTC derivatives and private markets.
  • Experience of data management using enterprise data solutions, for example, Matrix, Cadis, Eagle, including the design and implementation of effective processes and data quality controls.
  • Experience of working with multiple service providers, including data platform vendors and source data providers.
  • Experience of supporting OTC and exchange traded derivative lifecycles, including transactions, margin and collateral management.

Skills and Aptitudes

  • Numerate with a high degree of accuracy and attention to detail.
  • Strong administrative and organisational skills.
  • For data interrogation, familiarity with modern database and information system technologies such as SQL would be advantageous.
  • Experience of working with business intelligence tools, such as Power BI, to enhance the visualisation of data for all users.
  • Able to work under pressure and meet tight deadlines driven by the need to provide quality assured data to the investment and operations teams.
  • Ability to communicate and build and maintain relationships at all levels within the Investment Division.
  • Organised and efficient with ability to manage priorities effectively and meet tight deadlines.
  • Risk-minded individual with a controls-focussed mindset and an understanding of the impacts of poor data quality on business processes and investment decision making.
  • Ability to work independently whilst recognising boundaries of responsibility and accountability.

Desirable:

  • Relevant industry qualification preferable.

Circumstances

  • Some tasks may occasionally involve working out of normal office hours in order to meet deadlines.

We in the National Church Institutions support the mission and ministries of the Church all over England. We work with parishes, dioceses (regional offices), schools, other ministries and our partners at a national and international level.

Excellence, Respect, Integrity

We follow these three values in everything we do, whether we are of Christian faith, another faith or no faith.

To learn more about working for National Church Institutions and our benefits, please click here

As a Disability Confident Leader, we actively look to attract, recruit and retain those of you who are disabled.

As a member of the Armed Forces Covenant, we welcome applications from those of you who have served in our Armed Forces and their families.

We are committed to being an equal opportunities employer and to ensuring that everyone, job applicants, customers and other people with whom we deal, are treated fairly and not subject to discrimination. We will do whatever is necessary to provide genuine equality of opportunity. We continuously review our policies and processes to support our aim to create a workforce as diverse as the nation the Church of England serves.