Investment Operations Derivative and Data Manager

Recruiter
Church of England
Location
London, United Kingdom
Salary
Competitive
Posted
07 May 2022
Closes
21 May 2022
Ref
14807733
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Location: Church House, Great Smith Street, London SW1P 3AZ

Reports to: Head of Investment Operations

Direct Reports: None

Key Internal Relationships: Chief Operating Officer, Commissioners Investment Team, Investments Systems Team, Operations Teams

Key External Relationships: Data platform vendor, index providers, Custodian bank, appointed Investment agents and their representatives (for operational matters), prime, clearing and execution brokers (for internally traded assets).

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.

Role:

The successful candidate will be responsible for management of 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. This includes oversight of the data flows into internal systems (exposure management platform and others), management of data vendors and service providers and ensuring good governance of and coordination of data management processes so that data issues are identified and resolved appropriately.

ROLE REQUIREMENTS:

See Person Specification.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Data Governance
  • Design, implementation and oversight of data governance policies and procedures.
  • Implement and manage the data ownership model.
  • Design and implementation of appropriate controls to ensure the integrity and accuracy of data.
  • Oversight of data owners' validation activity, ensuring that issues are appropriately resolved.
  • Resolution of data issues where there are cross-team conflicts, escalating where appropriate.
  • Point of contact and coordination of new data requirement requests.

Data Management
  • 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.

Data Vendor Management
  • Working with the Vendor and Contracts Manager, monitor the performance of key data suppliers versus key service level KPIs.
  • Act as the key liaison / 1st line support between Matrix & CCfE for issue management as per the SLA.
  • Manage relationships, where appropriate, with external data providers, e.g. benchmark index providers.

Market Data Budget Management
  • Support of annual budgeting processes relating to market data.
  • Maintenance of records of market data providers, service/data usage information and costs.
  • 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.

Industry Best Practice
  • Provide a culture of continuous improvement, actively seeking out industry best practice and adopting, where appropriate, improvements for the Commissioners' data management capabilities.

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

PERSON SPECIFICATION:

Knowledge and Experience
  • Proven 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.
  • At least 5 years' experience of working in a multi-asset asset owner or investment fund, 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 working with and overseeing multiple service providers, including data platform vendors and source data providers.
  • Proven experience of managing market data budgets and vendors, with awareness of legal and commercial terms.

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.

GENERAL INFORMATION:

Who we are and our values

We in the National Church Institutions support the mission and ministries of the Church locally and throughout England. We work together in our teams, with those who serve in Parishes, Dioceses, Schools and other ministries and with our partners at a national and international level.

We have developed our NCI 'people' values which are below, and we work with these regardless of whether we are of Christian faith, another faith or no faith.

Excellence: we take pride in doing a good job
  • Understand the needs and expectations of those we serve and support.
  • Take personal responsibility for solving problems and learn from what we do.
  • Support what works but be open to and welcome change where it's needed.
  • Work with others to get the best Result for those we serve and support.

Respect:
  • We treat everyone with dignity.
  • Value people for who they are and embrace our differences.
  • Listen and learn from each other, regardless of who or what we are.
  • Set clear, realistic and fair expectations.
  • Recognise achievement and support each other.

Integrity: we are trustworthy
  • Do what we have said we will do.
  • Take accountability for what we do.
  • Be open and straightforward with ourselves and others.
  • Celebrate behaviours that support our values and challenge those that don't.

Our training, policies, procedures and practices are all intended to support behaviours in line with our values and we expect all staff to uphold these.

Diversity

We understand the benefits of employing individuals from a range of backgrounds, with diverse cultures and talents. We aim to create a workforce that:
  • values difference in others and respects the dignity and worth of each individual;
  • reflects the diversity of the nation that the Church of England exists to serve;
  • fosters a climate of creativity, tolerance and diversity that will help all staff to develop to their full potential.

We are committed to being an equal opportunities employer and ensuring that all employees, job applicants, customers and other persons with whom we deal are treated fairly and are not subjected to discrimination. We want to ensure that we not only observe the relevant legislation but also do whatever is necessary to provide genuine equality of opportunity. We expect all of our employees to be treated and to treat others with respect. Our aim is to provide a working environment free from harassment, intimidation, or discrimination in any form which may affect the dignity of the individual.

Standards of Behaviour and Conduct

Staff are expected to act at all times with due consideration for others and in a manner befitting their position as employees of the Church and as professionals, whatever their job.

Health and Safety Responsibilities

The NCIs take Health and Safety at work very seriously and require their staff to familiarise themselves with, and follow, their policy.

Confidentiality

Staff must not pass on to unauthorised persons, any information obtained in the course of their duties without the permission of their Head of Department.

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