Portfolio Operations Manager

We have a fantastic opportunity available for an experienced Middle Office professional to join the Portfolio Operations Team at Mediolanum as Portfolio Operations Manager.

Portfolio Operations acts as a key Middle Office Team in the control of Mediolanum’s internal and delegated Investment Portfolios (IBOR) on the Mediolanum Investment Management Platform (Fusion).

The team are responsible for IBOR validation, controlling the integration of external transaction data and Instrument static data maintenance, workings closely with Mediolanum’s Service Providers and multiple internal Teams, particularly our Investment Department.

The primary purpose of the team is to ensure the accuracy of the Investment data, new security setup across all asset classes, the handling and processing of various corporate actions and the resolution of cash, position and valuation reconciliation breaks of the IBOR against Custodian, Fund Accounting and Clearing Broker records.

This is an excellent opportunity to join a team where the work is varied, combining varied BAU tasks, change management and project work including business testing, in a Top Tier Asset Manager in Dublin. •Responsible for managing a team of four analysts and will be expected to lead from the front, assist in the BAU process and integrate team members into the wider remit of Operations. They will be responsible for the ongoing assessment and development of the team members, including training, the monthly 30/30 process and end of year performance reviews.

• Be involved in a wide range of initiatives that will aid with trade support and straight through processing as well as playing a key role in project delivery team aimed at driving change and technological development through the department and the company.
• Responsible for reconciliation of portfolios investing in a wide range of exchange traded and OTC assets as well as direct liaison with 3rd parties like Custodians, Administrators, Brokers and other service providers in the resolution of issues.
• Manage the upkeep and maintenance of the securities database in Fusion and the process of defining instruments, markets, currencies, tax tables and other associated functions that have a direct impact for the Investment team and the Fusion platform.
• Responsible for OTC event monitoring, processing and verification including booking of swap resets and close-outs are in line.
• Setting up of new funds, portfolios, delegates and the maintenance and addition of the portfolio structure.
• Ongoing review of procedures and processes– identifying areas for improvements and implementing changes where necessary in relation to industry standards, commercial viability and ensuring they are fit for purpose. •Ability to effectively and extensively interact with all levels within the company, from entry level trainees through to senior managers. Be highly collaborative and team-oriented.
• Ability to work in a deadline driven environment.
• Quick Learner and Assertive individual who can both follow instructions and act independently when appropriate.
• Organised individual who can self-manage multiple priorities, routine work and urgent issues as they arise.
• Strong communication, presentation, and relationship management skills.
• Effective analytical ability with a high degree of attention to detail and organisational skills.
• Risk and control awareness and experience of taking responsibility for operational risk management.
• Proven process re-engineering skills with a tech first mindset.
• Flexible and able to work to tight deadlines while maintaining the very highest standards of the organisation. •The candidate will have over 5 years relevant experience within Middle Office combined with a background in team supervision.
• Extensive front to back understanding of Fund / Asset Management processes.
• Extended knowledge and experience of different security type workflows, including Equities, Fixed Income, FX, OTC’s, and ETD’s. The role requires a strong understanding of Derivatives in general, from security setup and trade booking to reconciliation.
• Good understanding of Fund Accounting principles and practices.
• Knowledge of all relevant industry regulations.
• Awareness of industry standards, initiatives and core IT systems.
• Some experience of defining IT business requirements, reviewing solution proposals and User Acceptance Testing test plans.
• Experience of fund launch, closure and merger processes.
• Experience in reporting and presenting to management.
• Appropriate 3rd Level Qualification.

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