CIS Managing Director cape town
Summary of the position
The CIS Managing Director will form part of the Management Companys Board and will be the appointed CIS Managing Director. In conjunction with the CIS management team, the successful candidate will formulate and implement the strategic objectives for the business from an Administration, Operations, IT and Risk and Project Management perspective with the CIS Managing Director being primarily responsible. The CIS Managing Director formulates and implements the business strategy to ensure that the business delivers superior long-term outputs. The CIS Managing Director is responsible for operational coordination of administration, business initiatives and projects; and will drive risk management.
Outline of main duties and responsibilities
- the coordination and prioritization of resources across projects and programs.
- Attract, grow, and retain top talent to drive strategic execution.
- Oversee that the core competencies required of infrastructure support staff are acquired.
- Fostering a work culture of collaboration mentorship and inclusion to increase morale and reduce staff attrition.
- Manage the successful integration of a multi-disciplined team.
- Ability to communicate with a variety of individuals on all levels to obtain and confirm information.
- To develop a strategic performance management process, to ensure that business strategies are appropriate, relevant, and effectively implemented, with the necessary collaboration with the FundRock global counterparts. (to ensure alignment of strategic goals and objectives).
- To develop processes to ensure effective execution of operational functions that supports the growth objectives of the business and improve service to clients.
- To coordinate the operations of the CIS business to ensure effective execution of operational functions in line with legislative and industry requirements.
- Provide best practice context for continuous improvement and problem-solving.
- Provide corporate governance standards to integrate the financial and operational functions to support business strategy.
- Provide solutions that sufficiently meet the business needs through an in-depth understanding of the business strategy.
- Assist with strategic planning with various business initiatives and projects to deliver superior outputs.
- Participate and oversee the applications, platform and infrastructure architectural decisions for the CIS business.
- Support the Finance team with annual budgets and creating a business plan that is aligned to the budget.
- Support the Finance team and Auditors in escalated items and review the annual financials.
- Regular engagement with the Finance team.
- Risk Management: develop best practice guidelines to optimize risk management identification while adhering to the risk guidelines as prescribed by the Apex Group.
- Identify risks that could impact the company and direct and / or escalate accordingly.
- Plan and implement the cycle of improvements to drive profitability and strategic objectives.
- To develop systems to ensure effective execution of operational functions and that supports the growth objectives of the business and improve service to clients.
- To ensure that delivery of the various strategic and operational and projects are done and implemented in accordance with the business priorities.
- Oversee the management of the business service environment to ensure adherence to the agreed client service levels.
- The ability to trouble shoot, problem solve and make decisions under pressure is critical.
- Build effective relationships across internal and external stakeholder groups.
- Engage with stakeholders to identify changing client needs.
- Maintain a high-level client service and develop appropriate client relationship strategies to deliver superior client service.
- Responsible for measuring the performance of the CIS business and to report back to stakeholders as part of the accountability process for various stakeholders.
- Develop key relationships with delegated service providers.
- Adhere to strong oversight framework by ensuring all service providers; administrator, prime broker, custodian, risk provider and appointed FSPs are performing their job diligently.
- Ensure due diligence is applied across all service providers and any flags escalated to the Risk and Board Committees.
The successful candidate will meet the following requirements:
Skills
- Attention to detail with the ability to manage heavy workloads.
- An ability to work accurately under pressure to meet deadlines.
- An ability to take initiative and work independently.
- Attention to detail.
- Ability to communicate effectively at various level and to challenge the status quo.
- An ability to think analytically and identify and solve problems effectively.
- CA(SA)/CFA/CIMA or equivalent
- 10 years relevant experience
- Excel skills are essential.
- Understanding the behavior and accounting of investment instruments.
- Strong understanding of Collective Investment Schemes and the applicable Act and subsequent Board Notices.
- Understanding of Regulated CIS in Securities (Unit Trusts) and CIS in Hedge Funds
The CIS Managing Director will report to the Head of Financial Solutions within the Apex Group
Remuneration level
Remuneration will be market related and commensurate with experience and seniority. In addition, the successful candidate will receive a competitive benefits package.
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