Investment Control Manager

Investment Control Manager

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career.

Given our size, you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

About the role

In your role as Investment Control Manager, you will make a meaningful and valued contribution from the outset.

This role will provide a great opportunity to work within the Investment Product Management (IPM) Team, with a focus on investment control and oversight.

The IPM Team represents the “voice of the client” within USSIM (the wholly owned investment manager and adviser to USS, the pension trustee company).

As a central function, the IPM Team is responsible for the oversight and governance of our investment mandates and execution. The team operates in the first line of defence but is separate from portfolio management and execution activities.

The scope of the role is broad, involving close collaboration with the investment desks, the Responsible Investment team, Financial Risk team, Bloomberg team, Compliance team, and the Operations team.

What you will be doing

As a trusted part of the Investment Product Management, you will:

• Work with a virtual team across investment desks, Financial Risk, execution, compliance, investment operations, and legal to design appropriate mandate guidelines and ensure monitoring controls (including Bloomberg coding) are appropriate.
• Oversee daily monitoring of Bloomberg rules and work with other members of the IPM, Financial Risk and Bloomberg teams on any issues raised against controls (including Bloomberg coding) relating to mandate guidelines, as well as assist with the investigation and resolution of incidents raised.
• Draft USSIM processes in relation to monitoring and oversight, and respond to issues.
• Drive continuous improvement and enhancement of policies and procedures, and robust governance processes.
• Escalate issues as required to IPM management.
• Assist with maintaining scheme's legal and governance-related documentation.
• Chair and secretary for the Best Execution and Research Review Committee to help ensure committee effectiveness.
• Own oversight of all aspects of Best Execution reporting and monitoring.
• Oversee trade overrides and amendments.
• Oversee breaches and waivers.
• Implementation of USS scheme-wide investment exclusions.
• Oversee costs and charges for the internal and external mandates.

About you

We know that sometimes people can be put off applying for a job if they don't tick every box, if you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role, you will have:

• Good technical investment knowledge, with a good understanding of markets and regulatory environments
• Strong communication skills, both oral and written
• Ability to see the bigger picture and deliver high-quality work under constrained timelines
• Competency in prioritisation, process organisation, and management of multiple workstreams
• Attention to detail, particularly when reviewing documents and analysis
• High level of structure and organisation, and the ability to work across teams
• Pragmatism – ability to focus on key factors/ variables/ narratives as appropriate
• Proficient at Microsoft Word, Excel and PowerPoint
• Strong compliance culture and high personal ethical standards
• Strong stakeholder focus and ability to understand the relationships between USSIM, the pension scheme, our members and stakeholders
• Experience with the Bloomberg terminal, and in particular with the VMGR and CMGR modules

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.

We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team.

Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

• Great starting salary
• Generous annual leave package
• Access to a high-quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family-friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental well-being
• Access to a range of health and wellbeing services, i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Days to support the communities where you work and live
• Cycle to Work Scheme

Our culture and values

Our people are what make us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

- Integrity

- Collaboration

- Excellence

About us

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit https://www.uss.co.uk

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting [email protected].