Designated Person & Account Manager

CARNE GROUP IS HIRING

Carne Global Financial Services is looking for dynamic professionals to join the Company!

Carne is the premier global provider of Fund Management Solutions to the asset management industry. Carne’s comprehensive solutions include European Management Companies, Fund Platforms, Independent Fund Directorships and other Fiduciary services. With a large team of industry specialists, Carne serves in excess of four hundred traditional and alternative asset management clients from key fund jurisdictions and financial hubs including Dublin, Luxembourg, Zurich, London, New York and the Cayman and Channel Islands.

 

We are currently recruiting for a Designated Person & Account Manager position.

Job Description
The primary role of the position is to perform on-going oversight of a number of client funds in order to ensure that the funds continue to be managed in line with all of their legal, regulatory and fiduciary requirements and to generate regular and exception based reporting for each Fund Board to enable its Directors to fulfil their governance obligations.

 

Main Responsibilities

• Maintain responsibility for the day to day regulatory oversight of a number of Carne client funds, ensuring that all fund reporting is received and recorded on a timely basis and appropriate actions initiated as required. 
• Establish and maintain excellent relationships with each of the fund delegates including investment managers, administrators and depositaries, to ensure clear lines of communication - monthly calls and Due Diligence visits.
• Participate in the initial and on-going Due Diligence of delegates to ensure that all delegates continue to operate and perform in line with regulatory requirements and in accordance with best practice standards.
• Assist administrators with the preparation and review of interim and year-end Financial Statements and respond and resolve auditor queries to ensure accounts are approved by Fund Boards and filed within relevant deadlines.
• Assist the Global Registration team project manage the initial and ongoing distribution and registration requirements of our client funds.
• Ensure all funds have up to date policies and procedures that reflect on-going regulatory developments and any other requirements as determined by the Fund Boards.   
• Review regular reporting received from each of the fund delegates and determine appropriate actions to address any issues as they arise, in a timely manner.
• Generate exceptional and regular Board reporting to inform Directors on the extent of the Fund’s compliance with all of its legal, regulatory and fiduciary obligations and to highlight any issues that may require consideration by the Board. 
• Attend Board meetings of your clients and present Board reports.
• Ensure that any actions raised at Board Meetings are subsequently progressed and resolved in a timely manner and to the Board’s satisfaction.
• Support the on-boarding of new clients by participating and contributing to the preparation of fund policies and procedures and other launch related documentation.
• Assist colleagues in one-off projects to benefit the company as a whole.
• Provide regular feedback to the internal IT Development Team to ensure the on-going evolution of Carne’s technology platform to meet the growing regulatory reporting requirements of our clients.

 

Previous Experience

• Experience in a similar role which involved oversight of UCITS and/or AIFMD compliant funds.
• Gained good operational experience within a depository/custodian/fund accounting/transfer agency environment.
• Possesses good knowledge of either front office investment management role or experience in the operations of the middle and back office functions of an investment manager.
• Ability to develop and maintain relationships with clients & service providers and work with them to navigate challenges and resolve issues.

 

Qualifications, Knowledge and Skills

• Achieved a recognised professional or third level qualification that is relevant to the role.
• Possesses excellent interpersonal and communication skills and a willingness to continuously upskill and learn.
• Ability to work either independently and/or as part of a team and not afraid to ask questions.
• Demonstrates initiative in resolving problems when they arise.  
• Has an awareness of the regulatory requirements for UCITS and AIFMD compliant funds.
• At least 8+ years of relevant industry experience in a funds service or funds management organization.

 

If you wish to apply for this position, please e-mail your CV in the strictest confidence to recruitment@carnegroup.com.