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This Operations group supports the equity, fixed income, liquidity and alternative businesses for Company Investment Management (MSIM), providing middle-office services including portfolio manager support, client services, portfolio transitions, market registration, product data and performance and attribution analysis. MSIM Operations also provides mutual fund support, derivative processing, and counterparty and credit event management.
Background on the Team
The position would be responsible for providing support to the Global Fund administration teams based in London and New York and also the MSIM Valuation team. Support would broadly involve due diligence over fund service providers, preparation of various valuation reports and performing valuation checks, frequent trading reviews and Invoice Processing. This position would also require the individual to work closely with the Fund administration / Valuation teams based in global locations and will also involve liaison and interaction with global service providers who support MSIMs Funds.
Review of Financials Statements prepared by fund accountants across EMEA fund families.
Daily NAV Analysis process to ensure reasonability check on the day to day NAV movement.
Daily swing pricing review. (Monitoring of adjustment to NAV for large subscriptions /Redemptions in INVF/OEIC funds)
Daily Hedge review. (Monitoring of Subscription/redemption and Fx entries hedged by fund accountant for INVF/OEIC funds).
Frequent Trading ? Daily/ Monthly review of Frequent trading activities across INVF/OEIC Fund complex.
Due diligence over fund accountants/service providers i.e. Review of Management fee calculations, Liquidity holding report, Rating agency reports , custody billing reviews etc.
Monthly review of expense ratios and expense management for EMEA funds
Dividend Distribution review for estimated/actual dividends and provide estimated dividend rates to Investment team
Invoice processing for European and NY funds.
Quarterly Board Reporting for providing Fund Statistics.
Regulatory Reporting ? Annual/Semi Annual accounts filed with the Regulators.
Involvement in other projects related to the job function and perform related duties as assigned.
Specific support to the valuation group involving:
Fair Valuation price checks and reconciliations
Monthly production of illiquid, fair value, broker quoted, and other valuation reports that form part of the monthly MSIM Valuation Committee meetings
Monthly production of stale pricing reports across all accounts
Quarterly production of back testing results (for ICE ? our vendor) across all applicable fund complexes.
Provide the Investment team / valuation committee with suggested approach for fair valuation of Indian Securities based on policies, industry and global best practices
Sound accounting and Mutual funds/Capital markets knowledge
Good Analytical skills , eye for detail and good with numbers
Proven record of collaborating with colleagues across geographic and functional boundaries.
Excellent oral and written communication skills.
Proficient computer skills, particularly with Microsoft Office
Ability to ? think out of the box? and look for creative solutions
Demonstrated ability to work effectively in a team-oriented environment
Ability to identify, escalate risk issues and manage upward communication to all stakeholders and install adequate controls to mitigate risk
Ability to perform tasks with precision and accuracy
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