Manager - Delegate Oversight

About Waystone  

Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion

SUMMARY

The Manager – Delegate Oversight will assist with the management of ongoing and large-scale operational risk deliverables within Waystone Management Company business, covering ACD responsibilities. The role will oversee a range of delegates of Waystone, will ensure the ongoing regulatory compliance for all of these delegates and work in a supportive role within the team for existing, new, and potential mandates (supporting the broader European operations). It will involve working with external parties to ensure that on-going risk monitoring and compliance requirements are being adhered to.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• To perform the initial written due diligence on the 3rd party delegates; 


• To actively question and assess 3rd parties to identify and manage risks.


• To conduct the due diligence visits onsite at the offices of 3rd party delegates;


• To monitor the implementation of the control arrangements in place with the delegates;


• To ensure that the delegates have implemented the latest regulations;


• To prepare monthly detailed MIS reporting to the Senior Management within the ACD; 


• To engage with cross-functional teams at various levels to ensure cohesive oversight


• To actively question methods and processes with the key to making the team more effective and efficient.

REQUIREMENTS

• Good understanding of UK regulatory framework and willingness to attend industry training and corporate events;


• A working knowledge of fund management operations; a sound knowledge of the risks entailed in the investment processes A-Z and the financial instruments deployed to gain exposures;


• At least five years of experience in the fund industry (Asset Management, Audit firms, Management Company etc)


• Problem solving oriented person;


• Excellent writing, presentation and communication skills.

EDUCATION

• University degree


• Professional training;