Process Overview
Portfolio Compliance: Coding, Trade Surveillance, Alert Management.
AM Guidelines team supports portfolio managers by updating Investment management mandates on Compliance platforms and monitoring alerts for Institutional client guidelines. Coding involves setting up client & compliance regulations in systems to enable effective monitoring of guidelines. Monitoring requires managing the alerts, breaches generated pre/ post trade as a result of trades/ non-trading actions and communicating effectively with various stakeholders.
Description of Functions & Role
- Annotation/Interpretation of Investment management Agreement/Prospectus/ SAI / Delegate Sleeve Agreements
- Scheduling the Annotation meeting with Desk/IS/PDs to get their buy ins on Interpretation
- Coding client and regulatory rules on compliance platforms along with rule Testing & Standardization
- Counterparty and broker setups for trading & Counterparty maintenance.
- Leveraging Machine learning tools for standard rule setups
- Performing analytical review of Investment Guidelines provided by investors and institutions.
- Partner with various operations team to improve data availability and overall quality of underlying data.
- Review new data analytics and update compliance platforms
- Understand and setup rules as per ratings agencies
- Identification of coding issues.
- Maintenance of Legal & Compliance approved & restricted lists.
- Perform periodic reviews of account coding to ensure accuracy & consistency.
- Research ad-hoc queries from compliance reporting team to determine if client portfolio is in line with the investment guidelines
- Identifies and analyzes operations risks related to current and potential business and recommends procedural changes as needed
Key Competencies & Skills
- Expert level skills trade compliance applications such as LZ Sentinel, Charles River, Aladdin (Compliance), SimCorp Dimension, ThinkFolio.
- Expertise of 1940 Act, UCITS Regulations or ERISA will be added advantage
- Analytical & Interpretation skills: Client agreement language needs interpretation and post trade compliance tests performed need data analysis skills.
- One needs to understand financial instruments which are being traded by Portfolio Managers to code guidelines or to perform secondary research.
- Detail Orientation: Function is critical from an impact perspective. Need eye for detail and there is zero tolerance to oversight mistakes.
- Understanding of Portfolio Management, Role of Portfolio Manager, Key aspects of Investment Management
- Certifications: Candidates pursuing FRM (Financial Risk Manager by GARP) / CFA (Chartered Financial Analyst) / CISI (Chartered Institute for Securities & Investment) are preferred, but certification is not a must for the role
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