ETF Data & Operations Manager

Job title:                      ETF Data & Operations Manager

Organisation:             Legal & General Investment Management (LGIM)

Location:                        One Coleman Street, London, EC2R 5AA

Salary:                            Competitive

Date posted:                  4 October 2019

Closing date:                 1 November 2019

Duties and responsibilities

• Management of regulatory operations within the ETF Team
  • MiFID transaction reporting, monitoring of daily transactions via the RHUB reporting function
  • responsible for EMT (European MiFID template) file for the ETF funds
  • liaising with the regulatory reporting teams to ensure the platform complies with reporting obligations
• management of Operations and Data functions within the ETF Team
  • liaising between internal operations, BNY Mellon and Truss Edge to ensure operational readiness for new funds
  • Responsible for custody account set up and maintenance
  • Responsible for tax operations, document maintenance and processing tax reclaims
• supporting LGIM Sales and ETF Capital Markets activities
  • liaising with Capital Markets to provide relevant information to APs, market makers and clients
  • providing ad hoc support to Sales and answer specific client queries with regards to the funds (eg. fund turnover, liquidity, tracking etc.)
  • liaising with Investment Operations to ensure ETF specific data is accurate and available to stakeholders
• assist the Portfolio Managers in any aspect of the portfolio management of physical ETFs (fully replicated and optimised)
• assist the Portfolio Managers in any aspect portfolio management of synthetic ETFs (unfunded swap model)
  • Sending of daily Portfolio Composition Files (PCF) to market makers, manual PCF construction
• oversight of third-party investment managers with regards to portfolio management and related reporting duties for the ETF that they manage
• reporting on behalf of the Investment Manager to Risk, Compliance and the Board

Skills, qualifications and experience

• educated to degree level in a numerical field
• a good understanding of ETF's and the various replication models by which they carry their investment objective across the board from synthetic to physical replication

• a good understanding of how indices work and are calculated
• a good understanding of UCITS regulations and guidance notes with respect to the management of the assets of ETF funds
• a good understanding of how PCFs work and are calculated

• a good understanding of how ETFs are traded across the primary/secondary market
• experience in swaps and repo transaction
• a good understanding of middle and back office functions
• advance proven Bloomberg & Excel skills, basic knowledge of VBA
  • MIFID II transaction reporting function RHUB
  • Investment management tool AIM and EMSX
  • Financial reporting using various Microsoft excel add ins
• excellent proven ability to work with Safari portfolio management system
  • Daily collateral and cash management
  • Daily Portfolio management analysis including attributions and dealing
  • Daily PCF management
  • Various financial reporting metrics including, VaR reports, SRRIs & SRIs, tracking metrics
  • UCITS Monitoring
• excellent proven ability to work with Axioma Optimisation system
  • good Understanding of optimisation risk models using the Axioma program
• excellent proven numeracy skills
• exceptional proven attention to detail
• excellent ability to make decisions and act quickly in a pressured environment
• excellent ability to seek innovative solutions to problems as they arise, implementing new processes and system developments

How to apply

Interested applicants may apply by uploading a covering letter and CV directly to the website.

Date posted: 4 October 2019                                                 Closing date: 1 November 2019

Please note that this position is not restricted solely to the responsibilities listed above and that the job scope and responsibilities are subject to change.