RAM Oversight & Control Executive

Rathbones provides individual investment and wealth management services for private clients charities trustees and professional partners. We have been trusted for generations to manage and preserve our clients wealth.

Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UKs most responsible wealth manager.

We see it as our responsibility to invest for everyones tomorrow. That means doing the right thing for our clients and for others too. Keeping the future in mind when we make decisions today. Looking beyond the short term for the most sustainable outcome. This is how we build enduring value for our clients make a wider contribution to society and create a lasting legacy. Thinking acting and investing responsibly.

Job Title: RAM Oversight & Control Executive

Department: RAM

Location: Liverpool

Contract Type: FTC - 12 Months

Reporting to: Steve Chamberlain

The Role

Provide regulatory oversight of RAMs key outsourced suppliers determined as a Critical/Material supplier under FCA SYSC8 rules for UK funds. Assist the Fund Accounting Oversight Manager with the oversight of HSBC UK and Lux for Custody Fund Accounting and FX Overlay as well as Northern Trust as RAMs appointed outsourced dealer. Similar oversight is also performed supporting RAMs offshore fund range regulated by the CSSF.

Work closely with the Group Procurement function to ensure adherence to the Rathbones Vendor Risk Framework hold regular service reviews with non-SYSC8 vendors and maintain oversight of functions providing outsourced services internally to RAM from the Rathbones Group (HR Finance Risk IT Distribution Marketing Treasury Performance etc).

Run day to day Oversight and Control processes.

Assist the Fund Accounting Oversight Manager with managing projects which are being led by the RAM Oversight and Control Team.

Assist the wider team on various ad-hoc projects and following changes (e.g. new fund launches new markets etc) facilitate the necessary amendments to the teams schedule.

Outcomes of the Role

• Assist in the day-to-day running and annual oversight of HSBC covering fund accounting custody and FX overlay to ensure issues are resolved and preventative measures implemented.
• Assist in the annual due diligence and oversight of Northern Trusts outsourced dealing processes.
• Attend monthly calls with HSBC and Northern Trust to monitor KPIs and continually develop working relationships with their relationship managers and wider teams.
• Ensure TPA contracts are stored in a central location.
• Attend industry seminars and user groups to keep up to date with regulations and other industry developments.
• Maintain a robust monitoring schedule.
• Ensure oversight work is evidenced to allow regulatory checks.
• Be aware of FCA and CSSF regulations and ensure changes are reflected in the teams oversight.
• Assist in the preparation of the reports and accounts for regulated funds to ensure they are published in the permitted timeframe.
• Calculate the synthetic OCF semi-annually.
• Attend project calls and assist the Oversight & Control Manager with maintaining project documentation.
• Prepare minutes for committees and project meetings as required.

Knowledge Skills and Experience

• Educated to at least A level or equivalent with good GCSE Maths and English.
• At least 2 years experience in a role within the Asset Management industry.
• Knowledge of fund accounting required.
• PC Literate essential.
• Intermediate Word and Excel skills required to include various Excel functions such as VLookup.
• Experience at working on projects.
• Experience at minute taking.
• Must enjoy working in a small team.
• A flexible approach will be required and there may be a need to work late from time to time.
• Good attention to detail and accuracy.
• Good organisational and time management skills.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector to achieve this we are working hard to build a diverse equal and inclusive workplace that motivates develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones we provide meaningful work opportunities and a voice to all.

We are committed to building a team that is made up of diverse skills experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values those that are passionate about client service operate with the highest levels of integrity and have a strong results focus.

Were a Level 1 Disability Confident employer under the UK Government scheme. This means weve signed up to a set of commitments around how we recruit retain and develop people with disabilities. Find out more about the Government Scheme online. If you require adjustments to apply for a role at Rathbones please contact us via to let us know what adjustments you may need.