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Fund Controller

Posted on Feb. 13, 2025

Luxembourg, Luxembourg
No Salary information.

Full Time

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At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role: Fund Controller - Permanent

Location: Luxembourg

Vision – A fully integrated M&G Luxembourg Fund Oversight Framework that is understood and respected by the business and supported by a highly capable team

Job Description

Implement an effective control environment within the Luxembourg Operations Team’s fund activities
Ensure effective and compliant oversight of the NAV oversight team and the Real Estate Property Fund Finance Team as a delegate of the Management Company in the NAV production process
Ensure effective and compliant oversight of the Real Estate Property Fund Finance Team and the Fund Financial Reporting Oversight Team as a delegate in the management in the Fund’s Financial Statements process
Ensure effective and compliant oversight of the Fund Financial Reporting Oversight Team as a delegate in the management and implementation of the Long Form Reports process.

Oversee the provision of services by delegates including partaking in service management reviews and reporting through the governance framework on their performance:

Represent the Luxembourg Operations and Valuations Team at various Boards, Committees and Forums and act as a delegate for the Conducting Officer as required.
Liaise and conduct effective stakeholder management in engagement with the delegates and internal teams.
Manage the Luxembourg Operations Oversight Forum to assist the Management Company to demonstrate effective oversight of the respective delegates and control environment.

Understand and oversee the key controls that exist across the funds that the Luxembourg Management Company is the authorised manager:

Ensure Team controls are documented at an appropriate level which should be owned and understood by the relevant parties.
Ensure MI gives insight into these controls evidencing their appropriateness and effectiveness across fund ranges.
Have and implement escalation procedures in order to have an awareness of changes to or deficiencies within the controls that are being raised by the operating business units.
Implement SLAs agreements and measure and monitor across delegates
Partake in Supplier Relationship Review Meetings on an ad-hoc basis
Ensure through an effective control environment that incident reviews are satisfactorily processed to closure
Interact and be lead liaison with second line with regards internal reviews and audits and also as raised by external auditors
Oversight reporting to the key Luxembourg governance committees and boards as appropriate with being the Operations Representative at the Luxembourg Controls Committee and the Conducting Officer delegate for the Management Committee.

Conducting a regular end-to-end review of the control process covering both BAU and exceptions management:

Ensure the exception to policy process is understood by all involved parties and executed to the defined standard
Documented process and training facilitated
Templates and policies reviewed for consistency
Management information on exceptions and key control failures to relevant Committees such as the Local Controls Committee
Central record owned and reviewed for completeness

Luxembourg Management Company Operational and Regulatory knowledge and exposure:

Knowledge of the regulatory requirements of CSSF Circular 18/698 and the application of the oversight of delegates.
Full understanding of the business processes and an awareness of industry standards and documenting any differentials.
Provide oversight internal delegate teams which include the provision of the Financial Statements, NAV oversight and the process for the Long Form Reports)
Report and/or escalate to relevant committees and bodies through the Governance framework as appropriate.
Oversee that all policies for the Operations and Valuation function is implemented and updated accordingly in collaboration with the relevant stakeholders (NAV Error Policy, Oversight of Delegate Policy etc.)
Attend and represent the Luxembourg entity at auditor and supplier meetings as appropriate.
Supporting and leading new business initiatives (fund launches and strategic projects).

Key Skills and Qualifications:

Professional qualification or equivalent or working towards such a qualification (ACCA, ACA, CFA, ACMA, or a MBA, MA or M.S in a relevant field.) is an advantage
Highly experienced individual from an Investment Accounting, Fund Management background
Ability and experience of communicating complex topics clearly and concisely
Exceptional stakeholder (external and internal) management skills
Experience of presenting to Committees and/or Boards
Ability to demonstrate M&G’s values

Work Level: Manager/Expert

Location: Luxembourg

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

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