Introduction
Daily end-to-end running of the ETF's business. Includes launching of the initial ETFs planned and liaising with all parties to ensure their regulatory adherence and optimal launch. Responsible for maximising 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.
- 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.
- Coordinate with all outsourced service providers to ensure performance within SLA set.
- Provide financial and commercial oversight, track and monitor 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 maker, Investment manager, Administrator, local and international transfer secretaries and custodians, Auditor, Index calculating agent (if applicable), Investors, relevant internal functions.
- Develop product and business strategy and market positioning - work with the Grow Team and MD on Product Design. Collaborate with 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) announcement via the exchange.
- Drive new listings application process with all stakeholders and suppliers like trustee, sponsor, regulators, exchange, market makers and administrators.
- Manage continuing obligations of existing funds with sponsor, trustee, regulators and exchange.
- Ensure governance by holding regular board meetings, preparing packs, engaging constructively, obtaining required approvals, and adhering to documented policies and procedures.
- Ensure compliance by ensuring Manco and funds are compliant with all required rules and regulations (with support from internal and external compliance).
Desired Experience & Qualification
You are likely to be a good fit for this role if:
- ETF knowledge and experience are essential.
- Unit Trust Collective Investment Schemes knowledge and industry experience are beneficial.
- Attention to detail and good problem-solving skills.
- Linked Investment Service Provider knowledge is essential.
- Good understanding of market liquidity and risks.
- Automation and operational knowledge of ETFs is encouraged.
- BCom with specialisation in Investment, Financial Management or Economics or equivalent Finance or Management Degree
- CFA or MBA - would be beneficial
- 5-10 Years post-degree experience would be beneficial
Package & Remuneration
R900 - R1 million CTC
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