Job Description

This is an exciting opportunity to work for one of the leading global banks.

This is an exciting opportunity to work for one of the leading global banks.

The Opportunity

This is an exciting opportunity to work for one of the leading global banks.

It is an opportunity for an experienced Fund Operations Specialist to join their team

Office Location: Pasir Panjang

The Job

Within the Life Product Team, the Funds Proposition team is responsible for the investment value proposition associated to Investment linked policies (ILP), the distribution and customer experience related to our funds platform and the overall operational and regulatory framework linked to maintaining our Funds solutions. To improve the quality of the fund platform, new bank\'s AM funds are planned to be onboarded and some existing funds will be closed.

We are looking for a specialist contractor to support the onboarding and migration of funds. The role will report into both Life Operations and Fund Proposition teams.

:
On-Boarding of new funds on the investment linked fund platform and Migration of assets from existing underlying funds of ILP funds to new AM funds. The scope includes, but not limited to:

Provide system requirements and perform end-to-end User Acceptance Testing (UAT) for onboarding of new funds

Clearing of negative units of the ILP funds\' underlying funds. Depending on the AUM of the funds, the process of clearing the negative units will start 2-3 months before the asset migration.

Premium re-direction of future regular premiums and recurring single premiums using a script. The premium re-direction will be approximately 2-3 weeks before asset migration.

Actual asset migration using the script. To update all parties on the number of policies successfully migrated and the number not migrated due to pending transactions on a daily basis.

After asset migration, IT to provide list of policies for price patching. Together with IT, to monitor the price patching on a daily basis.

Inform policyholders via letters and SMS for affected policies.

Daily monitoring and liaison with IT on those policies not migrated due to pending transactions, and ensure all policies are eventually migrated.

Rectification of fund units, if any, for fund closure audit.

The Talent

Minimally 1-3 years of experience in Life Operations / Investment or Fund Operations

Knowledge of software: Word, Excel, Power Point, Bloomberg and VBA/Python programming skills is a plus

Excellent organizational capabilities, reliable and able to meet tight deadlines

Business acumen for managing various stakeholders with good communication skills, verbal and written

Strong team player with critical thinking

Next Steps

Drop your resume and contact us to follow-up, or send your resume to cecilia.sim@adecco.com

Email Topic: Apply Fund Operations Specialist

Only shortlisted candidates will be contacted

Cecilia Sim Xin Yang

EA License No: 91C2918
Personnel Registration Number: R22105099