WMF GLobal Fund Controller
- Permanent, Full time
- Wellington Management Company, LLP
- 24 Apr 19
WMF GLobal Fund Controller
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
Tracing our roots to 1928, Wellington Management Company, LLP is one of the world's largest independent investment management firms. Managing over $1 trillion of client assets we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 50 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.
Wellington Management Funds ("WMF") Global Fund Services is responsible for all aspects of the operations for the WMF Global fund ranges and works alongside Product Development, Legal, Compliance and Governance to support all aspects of the fund business. In addition, the Finance and Accounting Management & Corporate Services team is responsible for the oversight of the Financial activities and Internal audit of the Luxembourg Management Company.
We are currently seeking to recruit a high caliber individual to play a leading role in our Finance and Accounting Management & Corporate Services team reporting into the Associate Director in charge of the team, based in the Management Company's Luxembourg office. The successful candidate part of a broader team located in Luxembourg, Boston and London with the following responsibilities:
Fund and Management Company Financial Control
•Monitor financial position of the Management Company and overseeing delegated activities
•Implement and monitor a new process for payments of invoices for the Management Company and the Funds
•Provide analysis on operating expenses to determine the asset levels at which funds are profitable
•Management Company Capital adequacy monitoring
•Manage relationships with the Auditor and the Administrators, in relation to Fund Financial Reporting in Ireland, Luxembourg, Canada, Cayman Island and Australia
•Coordinate Funds Annual Audit and manage Auditor Relationships
•Funds Annual Report and Financial Statements Review
•Coordinate with the Auditor in preparation of the Funds Long-form Report in Luxembourg
•Semi-annual Funds Financial Statements Review
•Review of all Funds Financial Statement Templates
•Key point person on IFRS and Luxembourg GAAP
•Manage translation and publication of Funds Financial Statements to comply with country registration requirements
Fund and Management Company Governance
•Monthly Administrator and Depositary Report Review Oversee regulatory filings
Board of Managers/Directors Reporting
•Conducting Person Reporting
•Oversee regulatory filings
•Provide administration support for resolution of UCITS/guideline breaches
•UCITS Directive and AIFM Directive Operational Support
•Review and implement new regulatory requirements e.g. Remuneration disclosures, SFTR disclosure, PRIIPS etc.
•Maintain relationship with Internal Audit provider and coordinate the various reviews of controls
•Provide operational risk assessments of current processes and identify issues that arise/could arise on the Funds and Management Company work with stakeholders to resolve these on a proactive basis
Vendor Due Diligence
•Key Performance Indicator Monitoring and Reporting
•Provide back-up and assistance to Global Fund Controllers
•Completion of annual and periodic reviews of due diligence questionnaires
•Annual review of service provider controls reports e.g. SSAE16, SOC1, etc.
Work on various and changeable tasks to support other business functions, this could include but not limited to:
•Support the Fund Control function
•Lead projects related to new regulatory requirements or business changes, to assess the impact they will have on the business and operations.
•Ownership and identification of process enhancement projects to assess the effectiveness and viability in improving the Finance and Accounting Management & Corporate Services function;
•Recognise areas of reporting inefficiency between the service providers and the Management Company and collaborate with internal systems consultants to develop and integrate customized automated reports.
•Support broader efforts across the firm to assess critical vendor capabilities and business continuity processes
The successful candidate is likely to have:
•An undergraduate degree
•Relevant working in the Funds or Banking industry; ideally with a background in UCITS and regulated alternative funds domiciled in Europe, Cayman Islands and/or Canada
•Sound knowledge of Luxembourg GAAP and IFRS
•Experience of project management and/or Fund accounting would be considered as a plus
•ACCA/ACA qualification (or equivalent) would be desirable but relevant experience would be looked on favorably.
•Strong analytical skills with attention to detail
•Strong IT skills
•Strong verbal and written communication skills
•Team oriented attitude
•Fluency in English is required
WMF GLobal Fund Controller
Wellington Funds Group
As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .