• Fiduciary Management Product Specialist

    Requisition ID 2452752
    Job Family GB-London
  • Posting Description

    Product Specialist

     

    We’re hiring!

     

    Aon are currently recruiting a Product Specialist to join our team in London. The Product Specialist will be primarily responsible for investing client money in a risk controlled portfolio that contains the best ideas of Aon and its Global Asset Engine that is bespoke to the client’s needs.

     

    About Aon

     

    Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

     

    Aon is an equal opportunities employer.  Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.

     

    R&I

     

    The UK pensions landscape is evolving at a rapid pace. Economic challenges, legislative change, an ageing population and asset volatility pose a wide variety of risks and challenges to pension schemes. Trustees and scheme sponsors are faced with a range of decisions on difficult topics from managing risk to improving member engagement, setting an investment strategy to managing DC plans.

    Aon Retirement Solutions’ market-leading capabilities and award-winning expertise make us the perfect partner to help clients through their pension challenges. We can provide integrated and comprehensive solutions across actuarial, plan administration, investment and insurance disciplines, enabling us to serve our clients' unique needs every step of the way.

    About the Role

     

    Your impact as a Product Specialist:

     

    Key Responsibilities:

     

    ·         Pooled fund-of-fund launches/ terminations/ consolidations:

    ·         Internal co-ordination, including internal approvals from senior management and key stakeholders;

    ·         HRMSL representative to all third parties (eg. custodian, legal advisors, ISIN.net);

    ·         Completion of relevant documentation (eg. Prospectus, Supplements, account opening packs);

    ·         Requesting and monitoring regulatory approval from the UK and Irish regulators;

    ·         Scheduling the appropriate coding of internal systems with the Data Team;

    ·         For terminations: co-ordination of liquidation budgets and revocation charge; disbursement of assets; revocation; account closure.

    ·         Sub-investment manager onboarding/ terminations:

    ·         Ongoing co-ordination of Aon and sub-investment manager legal teams;

    ·         HRMSL representative to all third parties (eg. custodian, sub-investment manager, US FATCA team, legal and tax advisors);

    ·         Completion of all onboarding documentation (eg. account opening packs, exemption letters, letter of authorities, online access forms);

    ·         Market openings and re-registrations to facilitate trading, including some complex markets (eg. India, China B Shares);

    ·         Requesting and monitoring regulatory approval from the UK and Irish regulators;

    ·         Scheduling the appropriate coding of internal systems with the Data Team;

    ·         For terminations: co-ordination of sub-investment manager notification; UK regulator notification; liaison with Portfolio Management Team re: transition; account closure.

    ·         Facilitating global product development by enabling new business and acting as a resource to the delegated initiatives/ product team. Products can range from the creation of tax efficient pooled fund structures and operationally efficient client solutions to any changes required to an existing investment vehicle.

    ·         Exceptional requests for Director approval when the need arises to deviate from terms stipulated in the Prospectus.

    ·         Third party agreements (eg. Updates to Sub-Investment Manager Agreements, the appointment of a tax guarantor in the Taiwanese market).

    ·         Document ownership (eg. HRMSL authorised signatory lists and addendums, securities lending agreements, the Business Change Manual, sections of the HRMSL Procedures Manual).

    ·         Ad hoc (eg. Prospectus updates, changes in dealing terms, annual notification to the Irish regulators, requests for operational efficiency, share class and account name changes, bespoke reporting).

    ·         Attendance at team meetings

    ·         Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.

     

    About you

     

    Your knowledge and expertise:

     

    Education:

     

    Degree Level qualification

     

    Knowledge/Experience

     

    Essential:

     

    ·       Exemplary project management skills (workload management, task prioritisation, organisation and co-ordination)

    ·       Flexible, enthusiastic and proactive nature

    ·       Proficient use of Microsoft Word, Excel and Powerpoint

     

    Desired:

     

    ·         Fund-of-fund exposure

    ·         Understanding of fiduciary management

    ·         Understanding of trade order management

    ·         Awareness of the regulatory environment (eg. AIFMD, MiFID)

    ·         Experience of working with large third party providers

     

    Salary and Benefits

     

    This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare and additional holiday.  We also offer tremendous potential with a growing worldwide organisation.

     

    Our Colleague Experience

     

    Every day, our colleagues make a difference, work with the best, own their potential, and value one another. Together, we share this one purpose: to empower economic and human possibility around the world. This unifying goal is at the heart of our identity, and it lives in everything we do. To learn more about our colleague experience, visit Aon Colleague Experience.

     

    We’re happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we’re happy to discuss options with you upon application

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