Director of Investment Operations & Reporting

Director of Investment Operations & Reporting

We are looking for a Director of Investment Operations and Reporting to lead the investment operations and reporting teams, assuming accountability for its outcomes (including planning, prioritization, and execution), providing leadership, interfacing/partnering with other business areas, driving delivery of significant change & improvements, and contributing to the overall growth of the organization.

You will be responsible for driving BAU, change, and improvements across Middle Office, Back Office, short-term liquidity risk management, and collateral management, as well as overseeing the Treasury Management System (TMS) - Quantum.

Responsibilities

Middle Office

1. Lead the validation of trade instructions’ execution with third parties and the internal investment team.
2. Build and leverage third-party relationships, including oversight of third parties – custody, asset managers, and banks.
3. Oversee the validation and settlement of investment fees with third parties.
4. Manage the accuracy of information flowing to the Data Warehouse/inputs to actuarial/finance processes.

Liquidity Management

1. Lead the risk framework and policy for short-term liquidity.
2. Devise tools for managing liquidity, including the active deployment of excess liquidity into appropriate return-yielding investments.
3. Oversee the production of MI at MAP, NMAP, legal entity, and Group level regarding cash and liquidity, including cash flow forecasts and PRA Reports as required.
4. Ensure that liquidity risk is managed in accordance with the Group Short-term Liquidity Policy and that Liquidity Stress Testing is conducted on a regular basis.
5. Ensure that all liquidity requirements are escalated and actioned on a timely basis.
6. Manage and report on derivative and reinsurance collateral, including execution of instructions for collateral moves, requesting counterparties to post collateral on a timely basis.
7. Generate accounting records, reports, and disclosures on collateral, including reporting on collateral adequacy.

Complex Asset Valuation

1. Supervise and drive the asset and derivative modeling requirements of the TMS, including recommendation of key judgments and assumptions.

TMS Implementation and Optimization

1. Drive the implementation of changes, embedding of controls, and training of teams.
2. Drive operating model considerations.

Supervision of Relevant Outsource Supplier Relationships

1. Relevant suppliers include financial institutions, asset managers, custodians, asset servicers, and pricing services.
2. Ensure compliance with Group Outsourcing Policy.

Team Management

1. Be a proactive member of the Just Group plc leadership team, working collaboratively across the business.
2. Build a high-performing team, improving skills, capabilities, and fully leveraging the treasury system functionalities.
3. Ensure that Risk Sword/OneSumX is properly maintained and actioned for risks, controls, and incidents.
4. Run or attend key governance committees including ALCO, Matching Adjustment Committee, Credit Committee, and Complex Assets Valuation Committee.

Qualifications

1. Experience leading middle and back office investment activities in a complex financial services environment (ideally, life insurance).
2. Strong understanding of life insurance organization’s balance sheet management and drivers of performance.
3. Short/Medium-term liquidity risk management exposure.
4. Treasury or investment qualification is desirable.
5. Ability to identify and solve complex operational and functional problems.
6. Ability to influence and persuade colleagues up to senior levels, applying strong negotiation skills.

Company Benefits

A Competitive Salary, Pension Scheme, and Life Assurance.

Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday.

Private Medical Cover and Income Protection, just in case.

A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets.

Opportunity to progress within your career both in-role and within the company.

FREE access to the Headspace App, a 24/7 Employee Assistance Helpline, and Trained Physical & Mental Health First Aiders (On-Site).

A variety of Employee Funded Benefits available to you via our Online Benefits Portal.

Plus, several additional purchase options available for you and your loved ones.