Who are Just?
We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing FTSE 250 company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.
This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.
About the role
We are looking for a Director of Investment Operations and Reporting to lead the investment operations and reporting teams assuming accountability for its outcomes (including, planning, prioritization and execution), providing leadership, interfacing/ partnering with other business areas, driving delivery of significant change & improvements and contributing to the overall growth of the organisation.
You will be responsible for driving BAU, change and improvements across Middle Office, Back office, short term liquidity risk management and collateral management. As well as overseeing the Treasury Management System (“TMS”) - Quantum.
Responsibilities
Middle office
Lead the validation of trade instructions’ execution with third parties and internal investment team
Build and leverage third party relationships, including oversight of third parties – custody, asset managers and banks
Oversee the validation and settlement of investment fee with third parties.
Manage the accuracy of information flowing to the Datawarehouse/ inputs to actuarial/finance processes
Liquidity management
Lead the risk, framework and policy for short term liquidity
Devise tools for managing liquidity including the active deployment of excess liquidity into appropriate return yielding investments
Oversee the production of MI at MAP, NMAP, legal entity and Group level regarding cash and liquidity, including cash flow forecasts and PRA Reports as required
Ensure that liquidity risk is managed in accordance with the Group Short-term Liquidity Policy and Liquidity Stress Testing is conducted on a regular basis
Ensure that all liquidity requirements are escalated and actioned on a timely basis.
Collateral management & settlements
Manage and report on derivative and reinsurance collateral, including execution of instructions for collateral moves, requesting counterparties to post collateral on timely basis
Relationships with third parties, relationships with third parties
Generate accounting records, reports and disclosures on collateral, including reporting on collateral adequacy.
Investment accounting
Lead the generation of accounting records and analyses of movements for portfolio of invested assets.
Develop and operate external debt operational accounting & reporting processes
Report on IFRS, Solvency II and other regulatory & statistical reporting
Manage independent price verification of publicly traded invested assets.
Transaction support
Supervise the provision of regular transaction support e.g. onboarding of new asset manager, asset class or in specie asset transfer or charge process
Large transaction support including input on structuring, collateral management etc.
Complex asset valuation
Supervise and drive the asset and derivative modelling requirements of the TMS, including recommendation of key judgments and assumptions.
TMS implementation and optimisation
Drive the implementation of changes, embedding of controls and training of teams
Drive operating model considerations
Supervision of relevant outsource supplier relationships
Relevant suppliers include financial institutions, assets managers, custodians, asset servicers and pricing services
Ensure compliance with Group Outsourcing Policy
Team management
Be a proactive member of the Just Group plc leadership team working collaboratively across the business.
Build a high performing team improving skills, capabilities and fully leveraging the treasury system functionalities
Ensure that Risk Sword / OneSumX is properly maintained and actioned for risks, controls and incidents
Committees
Runs or attends key governance committees including ALCO, Matching Adjustment Committee, Credit Committee and Complex Assets Valuation Committee
Skills and Experience
Experience leading middle and back office investment activities in a complex financial services environment (ideally, life insurance)
Strong understanding of life insurance organisation’s balance sheet management and drivers of performance
Short/ Medium term liquidity risk management exposure
Accounting or actuarial qualification is essential
Treasury or investment qualification is desirable
Ability to identify and solve complex operational and functional problems
Ability to influence and persuade colleagues up to senior levels, applying strong negotiation skills.
Company Benefits
A Competitive Salary, Pension Scheme and Life Assurance
Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
Private Medical Cover and Income Protection, just in case
A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
Opportunity to progress within your career both in-role and within the company
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved ones
Why Just?
At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.
We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We're reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we're investing more of our money in green and social assets.
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.
Be Bold. Be Brilliant. Be Just.
Top Skills
Just Group Reigate and Banstead, England Office
Enterprise House, Bancroft road, Reigate and Banstead, United Kingdom, RH2 7RP
