Portfolio Services Analyst United Kingdom
Fidelity International
Full Time
United Kingdom
10.56 - 12.04 GBP Today
Job description
About the Opportunity
Job Type: Permanent
Application Deadline: 25 August 2023
CERTIFIED PERSON JOB DESCRIPTION
Full Name:
Title: Portfolio Services Analyst
Reports to (role): Associate Director - PSG
Location: Cannon Street
Last update:
Business Unit/Department:
Asset Management - IM Operations
Job Type:
Reference number:
Internal CoE classification: Fund Access
Job Status
Permanent
T&C Role
Yes
T&C Competencies Required
Yes
Code of Ethics Classification
Fund Access
DBS Check Required
Yes
Relevant legal entity(ies) of Certified Individual:
Tick as appropriate
FII
FIL Investments International
ü
FIA
FIL Investment Advisors (UK) Ltd
ü
FISL
FIL Investment Services (UK) Ltd
FASL
Financial Administration Services Ltd
FRS
FIL Retirement Services Ltd
FPM
FIL Pensions Management
FILI
FIL Life Insurance Ltd
PRA/FCA defined Certified Function
Certification Activities
Tick as appropriate
Client Dealing
Investment Manager
ü
Advising clients
Execution of Orders
Functions Requiring Qualifications
Activity that has a qualification requirement under the FCA Training & Competence Sourcebook
Managers of certification employees
Supervisors who are not FCA Senior Managers (including overseas individuals)
Algorithmic Trading
Oversight of Algorithms
CASS Oversight
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
Material Risk Takers (MRTs)
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
Proprietary Trading
N/A
Significant Management Function
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
MiFID II classifications
Details of K&C status
Tick as appropriate
K&C Role (MiFIDII) - Providing advice to clients
Supervisor
N/A
Unsupervised
N/A
Requires Supervision
N/A
K&C Role (MiFIDII) - Providing information only to clients - no advice
Supervisor
N/A
Unsupervised
N/A
Requires Supervision
N/A
Job Overview/Purpose of the Role/ Key Responsibilities
The Portfolio Services Group (PSG) are responsible for supporting the UK & European Equity Portfolio Managers with the implementation of their portfolios. This includes both retail & institutional equity portfolios as well as Fund of Funds.
The group acts as a conduit between the Portfolio Manager and other business areas including Equity Trading, Compliance and Institutional & Retail Operations.
This function excludes equity research and trade execution, and this role should not be seen as a route into Research or Trading.
The purpose of the role is to assist the PSG team with daily operational activity. This mainly includes cash management and order generation for the European-based Portfolio managers.
Key responsibilities include:
Review and analyse daily cash flows and large deal warnings. Where necessary communicate to relevant Portfolio Managers and compile any necessary trade lists, taking into account PM instructions, fund restrictions, client requirements and current cash levels
Dealing with other cash management issues such as overdrafts, high cash, market settlement issues and restricted currencies
Monitor for any Pre-Trade Compliance alerts within Charles River, investigate and clear as required
Review outstanding corporate actions, investigate tax issues and ensure timely response from Portfolio Managers
Analyse the impact of any in-specie transfers on the incoming/outgoing fund, and prepare transition wish lists as required
Providing support and advice with regards to projects such as launches, mergers and new market processes
Required credentials (experience and qualifications)
Experience within an investment management group in either investments, equity operations or fund administration
Excellent communication skills with the ability to interact effectively with people at all levels of the organisation
Strong numeracy skills and attention to detail
Investment Management Certificate (IMC) qualification or ability to complete within 6 months
Ability to work under pressure, prioritise work within tight deadlines and handle multiple tasks simultaneously
A good understanding of investments and a keen interest the investment process
Strong PC skills especially Excel
Member of key Management Meetings, including but not limited to:
N/A
Member of key Steering Committees (as required)
N/A
Conduct Rule Responsibilities:
The role-holder is expected to meet the following FCA Conduct Rules when performing their role under the Certification Regime.
FCA/PRA Conduct Rule (COCON) Responsibilities
I abide by the FCA’s Conduct Rules when discharging my responsibilities described above.
- I must act with integrity
- I must act with due care, skill and diligence
- I must be open and cooperative with the FCA, the PRA and other regulators
- I must pay due regard to the interests of customers and treat them fairly
- I must observe proper standard of market conduct
Fidelity Values & Behaviours
Our Values
All our people must be able to demonstrate affinity with the Fidelity core values:
- Integrity – Doing the right thing, every time and putting the client first
- Trust – Empowering each other to take the initiative and make good decisions
Our Behaviours
All our people must be able to operate in accordance with our action orientated behaviours:
- Brave – Challenging the status quo, being accountable and speaking up
- Bold – Acting with conviction, encouraging diverse thinking and keeping things simple
- Curious – Learning to do new things in better ways and encouraging fresh thinking
- Compassionate - Having empathy, caring for colleagues, clients & community
Certified individual signature to confirm understanding and agreement of this document and their responsibilities
Date:
Terms:
Firm: refers to Fidelity International
Business: refers to the business line or function (e.g., Workplace Investing)
Legal Entity: (e.g., FIL Life)
CERTIFIED PERSON JOB DESCRIPTION
Full Name:
Title: Portfolio Services Analyst
Reports to (role): Associate Director - PSG
Location: Cannon Street
Last update:
Business Unit/Department:
Asset Management - IM Operations
Job Type:
Reference number:
Internal CoE classification: Fund Access
Job Status
Permanent
T&C Role
Yes
T&C Competencies Required
Yes
Code of Ethics Classification
Fund Access
DBS Check Required
Yes
Relevant legal entity(ies) of Certified Individual:
Tick as appropriate
FII
FIL Investments International
ü
FIA
FIL Investment Advisors (UK) Ltd
ü
FISL
FIL Investment Services (UK) Ltd
FASL
Financial Administration Services Ltd
FRS
FIL Retirement Services Ltd
FPM
FIL Pensions Management
FILI
FIL Life Insurance Ltd
PRA/FCA defined Certified Function
Certification Activities
Tick as appropriate
Client Dealing
Investment Manager
ü
Advising clients
Execution of Orders
Functions Requiring Qualifications
Activity that has a qualification requirement under the FCA Training & Competence Sourcebook
Managers of certification employees
Supervisors who are not FCA Senior Managers (including overseas individuals)
Algorithmic Trading
Oversight of Algorithms
CASS Oversight
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
Material Risk Takers (MRTs)
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
Proprietary Trading
N/A
Significant Management Function
Will be dealt with at the discretion of the CEOs/and SMCR Forum.
MiFID II classifications
Details of K&C status
Tick as appropriate
K&C Role (MiFIDII) - Providing advice to clients
Supervisor
N/A
Unsupervised
N/A
Requires Supervision
N/A
K&C Role (MiFIDII) - Providing information only to clients - no advice
Supervisor
N/A
Unsupervised
N/A
Requires Supervision
N/A
Job Overview/Purpose of the Role/ Key Responsibilities
The Portfolio Services Group (PSG) are responsible for supporting the UK & European Equity Portfolio Managers with the implementation of their portfolios. This includes both retail & institutional equity portfolios as well as Fund of Funds.
The group acts as a conduit between the Portfolio Manager and other business areas including Equity Trading, Compliance and Institutional & Retail Operations.
This function excludes equity research and trade execution, and this role should not be seen as a route into Research or Trading.
The purpose of the role is to assist the PSG team with daily operational activity. This mainly includes cash management and order generation for the European-based Portfolio managers.
Key responsibilities include:
Review and analyse daily cash flows and large deal warnings. Where necessary communicate to relevant Portfolio Managers and compile any necessary trade lists, taking into account PM instructions, fund restrictions, client requirements and current cash levels
Dealing with other cash management issues such as overdrafts, high cash, market settlement issues and restricted currencies
Monitor for any Pre-Trade Compliance alerts within Charles River, investigate and clear as required
Review outstanding corporate actions, investigate tax issues and ensure timely response from Portfolio Managers
Analyse the impact of any in-specie transfers on the incoming/outgoing fund, and prepare transition wish lists as required
Providing support and advice with regards to projects such as launches, mergers and new market processes
Required credentials (experience and qualifications)
Experience within an investment management group in either investments, equity operations or fund administration
Excellent communication skills with the ability to interact effectively with people at all levels of the organisation
Strong numeracy skills and attention to detail
Investment Management Certificate (IMC) qualification or ability to complete within 6 months
Ability to work under pressure, prioritise work within tight deadlines and handle multiple tasks simultaneously
A good understanding of investments and a keen interest the investment process
Strong PC skills especially Excel
Member of key Management Meetings, including but not limited to:
N/A
Member of key Steering Committees (as required)
N/A
Conduct Rule Responsibilities:
The role-holder is expected to meet the following FCA Conduct Rules when performing their role under the Certification Regime.
FCA/PRA Conduct Rule (COCON) Responsibilities
I abide by the FCA’s Conduct Rules when discharging my responsibilities described above.
- I must act with integrity
- I must act with due care, skill and diligence
- I must be open and cooperative with the FCA, the PRA and other regulators
- I must pay due regard to the interests of customers and treat them fairly
- I must observe proper standard of market conduct
Fidelity Values & Behaviours
Our Values
All our people must be able to demonstrate affinity with the Fidelity core values:
- Integrity – Doing the right thing, every time and putting the client first
- Trust – Empowering each other to take the initiative and make good decisions
Our Behaviours
All our people must be able to operate in accordance with our action orientated behaviours:
- Brave – Challenging the status quo, being accountable and speaking up
- Bold – Acting with conviction, encouraging diverse thinking and keeping things simple
- Curious – Learning to do new things in better ways and encouraging fresh thinking
- Compassionate - Having empathy, caring for colleagues, clients & community
Certified individual signature to confirm understanding and agreement of this document and their responsibilities
Date:
Terms:
Firm: refers to Fidelity International
Business: refers to the business line or function (e.g., Workplace Investing)
Legal Entity: (e.g., FIL Life)
