Head of Asset Control

Overall role & responsibility

- Review and approval of new custodian banks and their requirements for information, declarations and reporting.

- Monitoring of fee charges and payment by policyholders.

- Monitor timely preparation and delivery of statements to policyholders.

- Review investment portfolio performance.

- Review and approve special investment arrangements.

Process

- Optimise operational performance with continual review of processes, procedures and guidelines.

- Transition and development of the existing team, moving towards a process-driven organisation.

- Manage service level agreements.

Coaching and Training

- Train team members on custodian servicing for all lines of business.

IT

- Manage and resolve system matters relating to fee generation and position uploads, ensuring the accuracy and completeness of fee charges and portfolio positions.

- Investigate root causes of system exceptions and errors, working closely with divisional IT team to implement timely fixes.

- Establish interim workarounds and compensating controls to safeguard data integrity while system issues are being resolved.

Special Investment

- Perform pre-compliance checks of new portfolio investments in accordance with applicable regulations.

- Review governing documents such as Policy Directives, Fund Prospectuses and Subscription Agreements, identifying and resolving interpretive issues while ensuring regulatory compliance.

- Develop a library and expert understanding of a broad range of fund regulatory requirements and provide confident opinion and guidance to Sales, Partners and internal clients.

- Assess business cases involving Special Investments.

- Manage the daily investment controls workflow, reviewing eligibility of assets, classifying investments, and creating and maintaining records in accordance with legal regulations.

- Monitor and review the existing Private Equity book to ensure that due diligence is performed and adequate documentation is obtained.