Transitions Manager – Custody

Sydney
Asset Management
Permanent

Our client is a leading global custodian seeking an experienced transitions manager to join their Business Implementation team. The Transitions Manager will be responsible for the successful delivery and integration of existing client restructures, closures, new business, or complex transitions/operating models including obtaining an overall understanding of the client needs, planning, execution, and implementation.

The role would suit someone with extensive custody experience, with a strong understanding of third party investment managers, client and custodian requirements. Prior Transitions experience required, and some Fund accounting experience would also be highly beneficial. 

The types of events managed by the Team include:

•    New fund launches

•    Portfolio re-constructions

•    Fund mergers & Fund restructures (incl manager appointments and terminations)

•    Assisting with new client onboarding & client offboarding

•    Implementation of new and established service or operating models for clients

•    Transition work streams on major projects

Key Responsibilities

•    End to end coordination and project management of transition and fund restructure activities.

•    Facilitation and co-ordination of business units, appropriating required information and requirements for comprehensive planning and scheduling to successfully complete Client transition / restructure activity.

•    Liaise with and co-ordinate custodians, investment managers and other external stakeholders to ensure smooth and timely completion of Client transitions and restructures. 

•    Ensure appropriate levels of governance are applied to all implementation activities. 

•    Undertake and / or oversee appropriate transition execution monitoring and checking.

•    Facilitate information provision to external stakeholders to help ensure no additional risk to the management of Client assets during the transition period, e.g. data provision to Portfolio Managers.

•    Attend client, consultant and custodian meetings and calls and where necessary initiate and lead them. 

•    Maintain required transition records for reporting and audit trail purposes.

•    Ensure full, transparent and appropriate communication to and from all stakeholders throughout the transition / restructure life cycle.

•    Undertake Post-Implementation Reviews as required to determine and document learnings and issues to ensure continuous improvement of the implementation function and execution.

•    Deliver all Implementation projects and programmes in line with recognised best practice methodology (managing risk, governance, quality assurance, issue resolution, reporting and communication) and inline with the Transitions Framework.

•    Develop and maintain strong relationships across a large set of diverse business units both internal and external

Experience required:

•    Approximately 8+ years in Financial Services, with specific technical knowledge of fund accounting and unit pricing, investment administration, custody operations.

•    Preferred 3+ years in a direct Implementation / Transition Management or similar role, with a proven track record.

•    Demonstrated capability in project / implementation management (either as an SME or full planning capacity), sound analytical ability and strong stakeholder management.

•    Degree qualified in Business, Accounting or a related discipline; or substantial industry experience in a like role.

•    MS Office suite proficiency: Project, Excel, Word, PowerPoint