Job Overview/Purpose of the Role/ Key Responsibilities
The Equity 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 Trading, Compliance and Operations.
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.
About the role
Review and analyse daily cash flows. 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
Order Generation for flow trading, single orders and ECM activity
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 regard to projects such as launches, mergers and new market processes
Problem-solving in the event of technology or data issues
Answer Ad-hoc queries from PMs, Trading and the wider business
UAT systems testing for upgrades and new functionality. Represent the department at internal meetings with Technology to drive change.
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 in the investment process
Strong PC skills especially Excel
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What We Do
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $739.9 billion* in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. *Data as of 31 March 2021
