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Third Party Management - Relationship Associate

Job Description:

Our client, a prestigious investment firm are hiring! Do you have experience working within investment management?

This is a Relationship management role responsible for the effective management of the selection, appointment, governance and development of third-party providers.

The successful candidate will have enhanced responsibility for the monitoring and oversight of external provider relationships in conjunction with Business Partners and will be working with the Relationship Manager and the Head of Third-Party Management & Service Delivery, EMEA to implement and drive effective relationship management and oversight of the various third party suppliers.

Essential Skills/Experience:

  • Supplier Mgmt.

    position ideally with experience of or exposure to Fund Accounting, Operations, Client Service and Client Money

  • Have attained, if applicable, industry core professional qualification for that of a practicing investment professional e.g.

    Investment Management Certificate (IMC), Investment Administration Award (IAQ - Merit Award)

  • Educated to degree level with a proven track record within an Investment Management

  • A thorough understanding of collective investment vehicles, the regulation surrounding their governance and of global markets

  • Ambition and drive, coupled with commitment and enthusiasm to improve the efficiency of the role and the department

  • Team player, willing to contribute fully to the workings of the department and within a team framework

  • Ability to enthuse, motivate and engage team members

  • Proactive and able to work on own initiative

  • Effective Relationship Management skills

Core Responsibilities:

  • Ensure that functional procedures are documented and readily available to facilitate the smooth and efficient operation of the team's duties

  • Ensure that team procedures and processes are in line with and adhere to company outsourcing framework and policy

  • Relationship manage third party suppliers - coordinating the interaction with Depositaries, Custodians and Administrators via a partnership approach

  • Collaborate with the Global Operations teams & key stakeholders to develop service level agreements and identify key performance indicators in order to ensure the delivery of long-term sustainable customer satisfaction and enhanced business performance

  • Strong stakeholder management skills to work with internal business partners to implement, monitor and maintain, Service Level Agreements and Key Performance Indicators with each of the suppliers contracted, reporting regularly to senior management (i.e.


  • Maintenance of risk registers and ensuring that risks are highlighted to management in a timely manner

  • Coordination of on-site due diligence of third party suppliers, and where necessary, travelling to suppliers offshored/outsourced sites

  • Ensure effective oversight of Client Money processes (including understanding the CASS reconciliations and CMAR process), working with CF10A to facilitate effective controls and governance

  • Undertake enhanced/dedicated CASS training on a yearly basis to ensure CASS knowledge and expertise is in line with the oversight responsibilities

  • From a Third Party Management perspective, take a lead role on business and regulatory driven change, working closely with the Business Change team, internal working groups and third party suppliers

  • Validate the accuracy of any and all fees and invoices received or payable by appointed suppliers, ensuring that all fees are being billed in accordance with the agreed fee schedule in place

  • Ensure that they are connected to the market through supplier relationships, and industry initiatives, relating the information on regulatory, compliance, product and market developments are gathered and communicated to the Business on a timely basis

  • Responsibility for the oversight and monitoring of external third party relationships

  • Effective relationship management, benchmarking of services received


  • A highly competitive salary

  • Wider Benefits package

Core-Asset Consulting is an equal opportunities recruiter and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.

Job reference: 13480

To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.

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Core-Asset Consulting offers specialist recruitment services to asset management, accounting & finance, asset servicing, legal and the wider financial services sector in Scotland.