Introduction
Daily end-to-end running of the ETF's business. This includes launching the initial ETFs planned and liaising with all parties to ensure their regulatory adherence and optimal launch. Responsible for maximizing the business value of the product and ensuring the product roadmap is agreed and administered over time. Ultimate responsibility for the delivery of the product from creation, P&L, administration, reporting, and project management.
Duties & Responsibilities
Responsible for the business tasks for ETFs, including:
- Manage the end-to-end running of ETF Manco Business (operations and investments of a fund).
- Work with group trading, operations, and asset management teams to ensure the smooth running of the ETFs and the Manco.
- Collaborate with the group finance function to ensure smooth running of the ETFs and the Manco finances, accounting, audits, and tax matters.
- Work with all outsourced service providers to ensure performance within SLA set.
- Provide financial and commercial oversight, tracking and monitoring against targets - P&L, capital adequacy, cash flow management, setting and comparing fees to ensure competitiveness and market relevance.
- Engage with shareholders and manage suppliers including Trustee and Sponsor, regulators (FSCA and SARB), exchanges (JSE), Market makers, Investment manager, Administrator, local and international transfer secretaries and custodians, Auditor, Index calculating agent (if applicable), and Investors.
- Work on product and business strategy and market positioning with the Grow Team and MD on Product Design. Collaborate with the marketing team for market research and attracting new and retaining existing assets under management in the ETFs.
- Manage fund fact sheets, MDD (minimum disclosure document), website, and any other required investor communication such as SENS (stock exchange news service) announcements via the exchange.
- Drive new listings allocation process with all stakeholders and suppliers like trustees, sponsors, regulators, exchange, market makers, and administrators.
- Ensure governance by holding regular board meetings, preparing packs, constructive engagement, and obtaining necessary approvals while adhering to documented policies and procedures.
- Ensure compliance of Manco and funds with all required rules and regulations (with support from internal and external compliance).
Desired Experience & Qualifications
You are likely to be a good fit for this role if you have:
- ETF knowledge and experience (essential).
- Unit Trust Collective Investment Schemes knowledge and industry experience (beneficial).
- Attention to detail and good problem-solving skills.
- Linked Investment Service Provider knowledge (essential).
- Good understanding of market liquidity and risks.
- Automation and Operational knowledge of ETFs encouraged.
- BCom with specialization in Investment, Financial Management or Economics or equivalent Finance or Management Degree.
- CFA or MBA (beneficial).
- 5-10 years post-degree experience (beneficial).
Package & Remuneration
R900 - R1 million CTC.
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