Head of Fund Control

The role:

The Head of FundControl is accountable for the leadership oversight and performance oftheFund ControlTeam. The roleholder will be responsible forPrivate Marketsasset lifecycle management Valuationsas well asresponsibilityfor Fund Accounting and FinancialReporting oversight for Public Market Private Market and Non-linked Life funds.Private Market asset classes include Private Equity Private CreditStructuredFinance and Infrastructure.The Head of Fund Controlwillreport to theDirectorof Asset Management Operationswith responsibilityforeffectivegovernancecontrol and deliveryof change initiativesacrossboth simple andcomplex fund structures.

The role has ownership and oversight across the following functions:

• Private Markets Asset Lifecycle Management including Loan closing investment system record keeping cash flow management& communication/reconciliationof investmenttransactionsto key 3rdparty administrators

• Asset Valuation covering PublicAsset PrivateAssets& Derivatives

• Accounting Technical Advisory & Transaction Cost Oversight

• Investment Accounting Oversight

• Financial Reporting Oversight

Key Responsibilities

Leadership and Strategy

• Provide leadership direction and management across Fund Control supporting daytoday activities whilst driving forward strategic objectives.The team comprises approx. 80 FTE locatedacrossLondon Edinburgh and Mumbai.

• Build a cohesive Fund Control function bringing together specialist skills and expertise across Public and Privatemarkets ensuring anorganisational structure thatissuitably resourcedwith appropriatelyskilled and qualified individuals.

• Ensureanappropriate people development andtalentmanagement framework is in place to enableindividualsto perform to the best of their abilitiesand have successful career journeys.

Operating Model Process and Oversight

• Ensure transparent well understood processes underpinFundControl activities and support effective oversight and delivery.

• Ensure oversight activities areright sizedandefficientwhilstproviding effective oversight controland control.

• Ensure appropriate management information is in place to monitor performance quality and control across the Fund Control remit working in partnership with the Supplier Management team.

Risk Governance and Control

• Ensure robust risk and control frameworksexistacross Fund Control activities by maintaining clear documentation ensuring they are understood and adhered to providing effective oversight and ensuring that associated risks are appropriatelyidentifiedmanaged and mitigated.

• Provide reporting into relevantforums/committees in relation to risk management and othertopics relating toFund Control activities.

Change Transformation and Delivery

• Engage fully in strategic initiatives and change programmes across the business working collaboratively to ensure Fund Control input effective oversight and alignment with evolving operating models

• Drive thechange andtransformationagendaof the Fund Control function to ensure it is effective costefficient andset upto support asset managements strategic and growth ambitions

• Be a driver of the design and delivery of the end to end operating platform that is required to support our Private Markets business.

Stakeholder and Vendor Management

• Work collaboratively withGroupFinance Actuarial Investment teams Operations peersand other internal teams to ensureFundControl services meet business needs.

• Provide senior engagement with internal stakeholders on objectives priorities and performance across Fund Control.

• Oversee relationships with thirdparty suppliers and external auditors where activities are performed externally working in partnership with the Supplier Management team.

Functional Accountability

• Private Markets Asset Lifecycle Management:Manage the lifecycle ofLoan closing investment system record keeping cash flow management & communication/reconciliationof investmenttransactionsto key 3rdparty administrators across all Private Markets asset classes (excluding Real Estate).

• Asset Valuation:Deliverasset valuation activitiesensuring methodologies areappropriaterobust consistent and aligned with policy. Provide all the necessary input into the Valuation Committee and associated Technical Working Groups

• Accounting Technical Advisory & Transaction Cost Oversight:Providerequired technical accounting input into productdesignforums and otherrelevantcommittees.

• Investment Accounting Oversight:Provide oversight ofInvestment Accountingactivitiesthat are outsourced to various 3rdpartyprovidersacross Public Privateand non-linked Lifefunds

• Fund Financial Reporting Oversight:Provide oversight ofFinancial Reportingactivities that are outsourced to various 3rdpartyproviders across PublicandPrivate funds.

Qualifications

• Strong technical understanding of fund accountingassetvaluation methodologies and financial reporting principlescombined with advanced technical command of investment accounting processes and regulatory frameworks

• Significant experiencewithin Asset Managementwithatrack recordofexceptional service delivery

• Strong understanding oftherisk & controlenvironment and experience of handling complex issues arising from

• Qualified Accountant(preferred but not essential)with relevant industry experience

• Demonstrates strategic foresight to shape longterm priorities coupled with a decisive solutionfocused approach and strong analytical capability to navigate complex issues and drive effective problem resolution.

• Ability to balance technical excellence and commerciality when exercising judgementand designing operating models

• Experience of effectively and proactively managing third party relationships

• Proven capability in leading multidisciplinary teams across multiple locations creating alignment and driving highquality timely delivery in complex environments.

• Experiencein shaping anddeliveringtransformationalchange

• Excellent communication skills at all levels of the business