Investment Operations Officer at ARM Pension Managers (PFA) Limited

ARM Pension Managers (PFA) Limited is one of the first seven Pension Fund Administrators (PFA) granted license by the National Pension Commission in December 2005. It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. We have pre-eminent reputation in Investment Management, Research and Pension Fund Management.

We are recruiting to fill the position below:

Job Title: Investment Operations Officer

Location: Ikoyi, Lagos
Employment Type: Full Time
Department: Investment Management

Summary

• The Investment Operations Officer is the primary interface between the Investment department and all internal and external counter-parties (Internally; Fund Accounts, Benefit Payments and Contributions Processing departments, and externally, all transaction counter-parties and custodians).
• The Investment Operations Officer will ensure compliance with the department’s standard operating procedures for all transaction processing and execution.
• S(He) will have primary responsibility for ensuring transactions are settled and completed and that all documentations are in place and properly stored.
• In addition, the Investment Operations Officer will be responsible for the day-to-day administrative duties of the department e.g., maintaining and updating credit rating register, corporate actions register, Service Level Agreements with counter-parties, portfolio exposure limits, counter-party exposure limits, etc.

Responsibilities

• Confirm all previous day’s transactions and other expected inflows across all funds; advice portfolio management team as appropriate
• Maintain investment team archives; ensure all transaction justifications, instructions and confirmations are prepared and received when due and are filed correctly and easily retrievable
• Maintain and update archives of team strategy documents, agreements, policies etc
• Prepare daily investment and termination instructions
• Confirm daily contributions report;
• Update all equity, fixed income and money market investments
• Prepare and maintain daily and monthly asset allocation update;
• Weekly collation of all investments
• Conduct monthly reconciliation of team & fund account records/positions
• Conduct monthly equity reconciliation between Custodian and CSCS positions
• Reconcile and follow up on outstanding dividends and bonuses with custodian, document and report any outstanding and elicit periodic status updates from custodian;
• Prepare, update and maintain monthly counterparty exposures versus limits
• Prepare transaction compliance reports
• Monthly equity transaction reports- Monthly primary market fixed income commission reports
• Portfolio Treasury Support - Support timely and efficient treasury management of all fund portfolios
• Ensure portfolio cash balances do not exceed internal limits- Ensure counterparty exposure limits are not exceeded in money markets
• Advise portfolio management team of cash availability & counterparty exposure limits early in day
• Gather daily market interest rates and advise portfolio management team early in day

Minimum Qualifications

• First Degree (HND / Bachelor's Degree) in a numerate field (preferably in Sciences, Engineering, Economics or Finance)
• Experience: 0 - 4 Year(s)
• Strong interest in Global Financial Markets and keen intellectual curiosity
• Interest in enrolling in, and completing, the CFA program

Competencies:

• Team working
• Integrity
• Creative
• Critical-thinking
• Attention to Detail
• Decision-making
• Microsoft Excel
• Microsoft Powerpoint
• Analytical Thinking
• Professional Confidence
• Communicating Effectively.

Application Closing Date
27th August, 2023.