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Compliance Monitoring Officer
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To support the Compliance Monitoring Manager in delivery of the annual compliance monitoring plan through testing key business processes and controls to determine whether they comply with applicable regulations and legislation. This will enable compliance to embed a stronger compliance culture across USSL through effectively engaging with key business stakeholders in respect of their regulatory obligations.
Key responsibilities
• Understanding key regulatory requirements applicable to USSL for both Defined Benefit and Defined Contribution schemes. (TPR, AML and any other applicable legislation)
• Support the Compliance Monitoring Manager in carrying out bi-annual risk assessments to ensure that a risk-based approach is being taken to what reviews are prioritised in the Compliance Monitoring Plan.
• Responsible for carrying out monitoring reviews (both thematic and focused) to determine whether key business processes and controls are designed and operating effectively to ensure compliance with key regulations and legislation. (with particular focus on Pensions Administration)
• Agree actions with key business stakeholders and present findings in a clear and concise manner.
• Responsible for appropriate follow up activity with key business stakeholders to ensure effective closure of actions.
• Support in the design and review of compliance e-learning training content which is applicable to USSL staff and directors.
• Keep up to date with changes to regulatory requirements, new legislation and codes of practice.
• Working closely with the investment management compliance team in London to ensure consistency across our approach to compliance and share best practice.
• Building strong relationships with colleagues within the Pensions Legal team who will be key in validating regulation and legislation that underpins the monitoring reviews.
• Produce accurate and timely updates on monitoring activity that will be included in the regular compliance MI pack.
• Support the Compliance Monitoring Manager and Head of Compliance in helping to embed a strong compliance culture across USSL through delivery of the Compliance Monitoring Plan.
Your experience
Essential
• Attention to detail
• Excellent communication skills
• Ability to plan and prioritise work effectively
• Act with Integrity
• Experience of working in a compliance monitoring role
• Knowledge and understanding of regulatory frameworks
• Ability to interpret data
• Excellent communication skills
• Proficient in using Microsoft office
Desirable
• Experience of working for a pension trustee firm.
• Relevant qualifications from Pensions Management Institute (PMI); International Compliance Association (ICA)
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Group General Counsel | 14/01/2021 |
| Liverpool |
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Credit Analyst
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Perform deep-dive fundamental credit analysis on given sectors and special situations as they arise.
Be a point of knowledge for the Credit desk across specified sectors and be able to take views on individual credits based on these skills and knowledge. Be able to contribute to the collegiate decision-making process of the desk. Intention is to independently generate investment/divestment ideas for desk as well as actively participate in team discussions around single-names.
USSIM: Large UK asset manager, with a growing allocation to internally-managed credit, including global (public) credit mandates of over £3bn with the expectation for substantial growth in AuM.
Global Credit: Ability to invest across the capital structure with a flexible mandate. Looking to backfill role and to resource for future growth in Global Investment Grade and High Yield Credit.
Key responsibilities
Delivering Results
• Take ownership of the credit exposure to allocated sectors.
• Monitor these credits closely, including the quarterly earnings reporting and changes in and relative to expectations.
• Keep on top of regulatory and policy changes, as well as macro developments, which could impact the credit exposure.
• Generate investment/divestment ideas and assist the Portfolio Managers.
Managing Resources
• Attend credit conferences/Issuer meetings and share relevant insights.
Managing Relationships
• Key internal relationships with peers across Equities, Investment Strategy, Manager Selection and Private Markets. Aim to collaborate/ share expertise `across the various teams to maximise benefit to USS.
• Develop working relationships with key sell-side Analysts.
Managing Processes & Future Focus
• Over time expand the sector coverage by adding some other sectors.
Your experience
• Background as a Credit Analyst
• Understanding of drivers for IG and HY credits
• Strong modelling skills
• Feel for macro factors affecting credit
• Proficient in Excel and Bloomberg
• Working well in a small team
• Experience in writing and presenting clear, concise reports/process documents, sometimes synthesising complex material.
• Attention to detail
• Clear communication
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Fixed Income | 21/01/2021 |
| London |
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Head of Asset backed Securities
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Have the experience and gravitas to lead USSIMs first foray into investing in public market Asset Backed Securities (ABS). Including raising USSIMs profile for ABS with the sell side and building the appropriate internal infrastructure and personnel.
Understanding of risks and best sourcing methods for a substantial Sterling Senior ABS portfolio, work with internal teams to develop appropriate mandate guidelines for ABS investment mandates to best suit the schemes investment appetite.
Be the principal point of knowledge and expertise within USSIM for ABS. Work with the Head of Fixed Income and the Head of Investment Strategy to understand USSIMs investment needs and advantages to direct the future ABS investments to best suit the scheme.
Be responsible for sourcing, valuing and executing structured credit opportunities in the public markets. Collaborating with the Private Markets Group (PMG) in its private structured credit investment activities including, where appropriate, assisting in sourcing and valuing private structured credit.”
Key responsibilities
Delivering Results
• Managing the internal ABS mandates.
• Portfolio construction and implementation to extract most value out of available Investment universe.
• Design and apply improvements to the investment process and have a full understanding of all the investment mandate constraints and controls.
• Attain best execution results.
• Thorough understanding of the company-wide day-to-day controls.
• Assist in all operational queries and coordinate closely with Operations and Middle Office teams.
Managing Resources
• Source investment opportunities and leverage external resources for the scheme.
Managing Relationships
• Develop close relationships with key sell-side trading desks, syndicates and research.
• Internal key relationships are other peers across FI, PAIR (Performance and Investment Risk), Investment Strategy & Advice (ISA), Manager Selection and Private Markets Group (PMG).
• Aim to collaborate/ share expertise across the various teams to maximise benefit to USSIM.
Managing Processes and Future Focus
• Develop and implement investment process
Your experience
• Portfolio management / Risk modelling techniques
• Proficient in Excel and Bloomberg
• Work well in a small team
• Attention to detail
• Clear communication
• Good writing ability (synthesise complex ideas into concise reports)
• Understanding of the end to end investment process including back end operations
• Experience of delivering updates and overviews of markets and performance to board level individuals
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Fixed Income | 22/01/2021 |
| London |
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Investment Grade Credit Portfolio Manager
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Work alongside the Senior Portfolio Manager and rest of Credit team to lead investments ideas through to implementation. Ensure appropriate balance of risks and probabilities in the portfolio, within investment mandate parameters.
Aid decision making to ensure we choose the most efficient ways to express and implement market views taking advantage of any market inefficiencies and covering credit tail risks.
Execute trades in Corporate Credit Bonds and CDS. Build and maintain strong relationships with counterparties in order to achieve best execution.
Produce alpha generation idea across USD, EUR and GBP credit.
Key responsibilities
Delivering Results
• Assist in managing the internal credit mandates given to the team.
• Provide portfolio construction ideas, undertake analysis, make recommendations and execute trades on the investment mandate.
• Design and apply improvements to the investment process and have a full understanding of all the investment mandate constraints and controls.
• Contribute to best execution.
• Thorough understanding of the team/mandates and company-wide day-to-day controls.
• Assist in all operational queries and coordinate closely with Operations and Middle Office teams.
Managing Resources
• Source investment opportunities and leverage external resources for the scheme
Managing Relationships
• Develop close relationships with key sell-side credit analysts and traders.
• Internal key relationships are other peers across FI, PAIR (Performance and Investment Risk), Investment Strategy& Advice (ISA), Manager Selection and Private Markets Group (PMG).
• Aim to collaborate/ share expertise across the various teams to maximise benefit to
USS.
Managing Processes and Future Focus
• Develop and implement investment process
Your experience
• Portfolio management / Risk modelling
techniques
• Implementation and execution competency
with non-linear products
• Proficient in Excel and Bloomberg
• Work well in a small team
• Attention to detail
• Clear communication
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Fixed Income | 22/01/2021 |
| London |
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Investment Valuations Analyst
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To assist in the performance of investment valuations (primarily illiquid equity and debt interests) and valuation control activity for the Investment segment of USS
Key responsibilities
• Assisting with, and performance of, quarterly (and occasional ad hoc) valuations of illiquid fixed income and equity asset investments
o Drafting of valuation reports in line with regular valuation timetable
o Formulating robust and defensible valuation opinions
o Preliminary review and analysis of business plans and cash flow models
o Development and update of valuation models
o Collation of underlying financial data from investment managers, providing relevant challenge where necessary
• Building a thorough commercial understanding of the scheme’s illiquid equity and debt investments
• Assistance with the intra-quarter valuation roll-forward process
• Assistance in the performance of valuation due diligence reviews
• Communication of key judgements and conclusions to investment accounting function
• Documentation (and where appropriate enhancement) of procedures and controls
• Assistance with the preparation of committee reports
• Performance of key administrative duties for the Investment Valuations function
• Interacting and liaising with financial control and operations functions for certain key processes and ad hoc queries (cut-offs, SPV accounting etc.)
• Working with the asset management (Private Markets) teams to gain an understanding of assets and key developments, and collating relevant management information
• Assisting with the performance of various items of project work
• Assisting external valuation advisers with the performance of the external valuation process
• Assisting external auditors in the financial audit process
• Assisting with the delivery of occasional project work for the wider Finance function
Your experience
Essential
• Prior experience of performing business or equity investment valuations as the primary function of a previous or existing role
• Professionally Qualified Accountant (ACA, ACCA, CIMA or equivalent), or other relevant financial qualification with significant exposure to investment appraisal techniques (e.g. CFA)
• Strong interpersonal and relationship building skills
• Excellent level of Excel skills
• Experience of dealing with external clients or influencing at senior level within an organisation
Desired
• Previous experience of working within investment management, infrastructure or pensions industries in a finance or analyst role
• Prior experience of performing fixed income / bond valuations in a previous or existing role
• Prior financial modelling experience, working with integrated forecast models for large businesses
• Prior experience of performing financial due diligence assignments
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Finance | 07/01/2021 |
| London |
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IT Operations Technician (Data Centre)
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
-
Key responsibilities
-
Your experience
-
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| IT | 14/01/2021 |
| Liverpool |
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LDI Portfolio manager
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To manage the Internal LDI portfolios, develop investment ideas to generate value for the scheme over the medium – long-term. Help to manage the leverage and cash / collateral needs of the scheme. Provide detail derivative knowledge to support LDI hedging programs and derivative use / pricing across the whole of USSIM.
Key responsibilities
Delivering Results
• Managing the internal LDI mandates.
• Portfolio construction and implementation to extract most value out of available Investment universe.
• Design and apply improvements to the investment process and have a full understanding of all the investment mandate constraints and controls.
• Attain best execution results.
• Thorough understanding of the company-wide day-to-day controls.
• Assist in all operational queries and coordinate closely with Operations and Middle Office teams.
Managing Resources
• Source investment opportunities and leverage external resources for the scheme
Managing Relationships
• Develop close relationships with key sell-side trading desks and research
• Manage the external LDI manager relationship.
• Internal key relationships are other peers across FIT, PAIR (Performance and Investment Risk), Investment Strategy & Advice (ISA), Manager Selection and Private Markets Group (PMG).
• Aim to collaborate/ share expertise across the various teams to maximise benefit to
USSIM.
Managing Processes and Future Focus
• Develop and implement investment process
Your experience
• Portfolio management / Risk modelling
techniques
• Proficient in Excel and Bloomberg
• Work well in a small team
• Attention to detail
• Clear communication
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Fixed Income | 21/01/2021 |
| London |
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Legal Counsel
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
n/a
Key responsibilities
n/a
Your experience
n/a
USSL is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Group General Counsel | 20/01/2021 |
| Liverpool |
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OMS Market Systems Support Analyst
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
Working as part of the wider Investment and Market Systems Support area, with responsibility for supporting Bloomberg AIM and other trading/analytics/market data services provided by Bloomberg or other Third Parties. As a support function, the role will also provide L0/L1 assistance for the wide range of systems developed and or/implemented by the Investment and Market Systems team.
Key responsibilities
Delivering Results
• Monitor production processes and respond to issues/failures.
• Act as the first point of contact for any issues or queries raised against Bloomberg or other IMS-managed applications. Record and take ownership of issues using JIRA and follow this through to successful resolution.
• Manage and resolve all issues and queries within Service Level Agreements set in the Application Support Team, in so far as third party SLAs allow.
• Be flexible in working patterns to ensure support coverage during the business day.
Managing Relationships
• Provide regular, timely updates to stakeholders during issue investigation and resolution.
• Manage expectations of users and IMS management if SLA cannot be achieved, including proposed mitigation and/or workaround.
• Escalate issues as required to IMS and Business management.
Managing Processes & Future Focus
• Take a proactive view to the work that is performed within Bloomberg Support, identifying and implementing improvements that increase efficiency within the team.
• Work with IMS and third-party delivery teams to implement long term solutions for support issues.
• Produce and maintain support documentation and procedures in Atlassian Confluence or similar.
• Contribute to the design phases of new initiatives to ensure an effective support model will be in place from the outset.
Your experience
• Electronic trading workflow on EMSX and TSOX. The candidate must have prior experience in troubleshooting trade booking issues and assisting with the onboarding process for new traders.
• Compliance rule coding on CMGR. The candidate will liaise with key stakeholders to review mandate guidelines, coding the investment restrictions, testing to ensure the desired output is achieved and investigating active trade violations raised by the business teams.
• Position management tools such as MAV, BDS and PORT. The candidate should also be familiar with the benchmark and models functionality within the AIM OMS system.
• Onboarding of new portfolios and users on FIRM.
• Configuration of data feeds in TSIP as well as experience creating ad-hoc Data License requests.
• Administration of commissions rules in CUTS.
• Familiarity with general functionality within Bloomberg for market and pricing data is essential.
Desirable experience and qualifications beyond Bloomberg include:
• A financial qualification such as IMC or CFA or a finance-related bachelors’ degree.
• Experience supporting other front-office and compliance tools such as equity & fixed income TCA products and/or shareholding disclosure applications.
• Basic knowledge of Microsoft SQL.
• Basic knowledge of a job scheduling tool such as JAMS, Autosys or similar.
• Basic knowledge of Confluence and JIRA.
• Basic knowledge of XML editors such as Notepad++, Visual Studio or similar.
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Operations | 07/08/2020 |
| London |
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Personal Assistant (Property and AM&O)
The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.
The role
To provide senior secretarial support along with administrative duties to the Head of Property and Head of Asset Management & Oversight along with supporting the wider team.
Key responsibilities
• Looking after the diary of the Head of Property and Head of Asset Management & Oversight and teams
• Arranging travel (UK, Europe and international), including the preparation of itineraries and travel packs
• Processing and reconciliation of expenses and invoices
• Raising and monitoring purchase orders where appropriate
• On-boarding new suppliers
• Collate conference invitations and maintain log of training and attendance at conferences etc for the team
• Maintain database of contacts and track relevant meetings on DealCloud
• Coordinate agendas and minute meetings
• Maintain hard copy filing and electronic filing document management (Sharepoint PMG365)
• Screening/prioritising e-mail enquiries & telephone calls
• Ad-hoc requests – scanning/binding/photocopying
• Working closely with the other PA’s within the wider team
Your experience
• Strong secretarial and organisational skills
• Experience in a secretarial role ideally in financial services
• Strong IT skills and a fast learner
• Good attention to detail and the ability to cope under pressure and multi task
• Candidate must be able to maintain professionalism at all times
• Strong team player but equally comfortable working on their own
• Excellent verbal and written communication skills; ability to deal with all levels both within the organisation and with external parties
• Working knowledge of MS Office suite of products
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
| Private Markets | 22/01/2021 |
| London |