Project Manager - New Business Onboarding
Business Area: Operations
Place of Work: London
Contract Type: Fixed Term Contract
Hours: Full Time
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.
Working with Higher Education employers to build a secure financial future for our members and their families.
The main purpose of the role is:
(i) to establish a risk-based framework for the onboarding of new business – including products, instruments, mandates (external and internal) and counterparties, and
(ii) to manage and co-ordinate the onboarding process across all public markets teams, working closely with the front office and support functions.
The role will involve dealing with a wide range of financial instruments and funds, and requires a solid understand of these, as well as the systems and third parties required to support them.
The individual will be responsible for managing a substantial volume of new business onboarding, driven by the public markets front office teams. The role will be responsible for ensuring that the onboarding process allows an appropriate balance of:
(i) Efficiency in providing the front office with tools to invest in the best interests of the scheme, and
(ii) Control around onboarding new products so that we ensure we appropriately understand the risks involved.
The role will work closely with the public markets Heads of Desk and support teams to ensure appropriate prioritisation of new business items (having regard to their relative importance to the Scheme, and the process required to onboard them in a controlled and effective way), and assist with defining the business case for larger, more complex items.
The role will be independent to any of the support functions that feed into the framework, but will work closely with all teams to understand the risks and requirements involved in onboarding and ensure appropriate sign-off from each business area. This will ensure that each of the support functions is focussed on delivery of the specific actions relating to their area of onboarding, rather than facilitation/reporting in relation to other areas.
The role will be responsible for agreeing delivery timelines and resources with the relevant support functions and front office and reporting on progress against those plans.
The role will also involve working closely with the Business Change team to agree a framework for determining the delineation between what items fall within the ‘new business’ process and what constitutes a ‘project’ to be managed by the Business Change team.
• Extensive experience in financial services experience (ideally asset management), with deep knowledge and understanding of financial products and instruments.
• Experience of managing multiple projects or workstreams simultaneously, with a ‘hands on’ approach.
• Logical, structured thought processes and good problem solving skills.
• Excellent stakeholder management skills - able to engage with and gain confidence of senior management and business representatives.
• Ability to manage multiple workstreams, with competing priorities and differing delivery timescales.
• Strong communication skills - written, pictorial, presentational and verbal, with the ability to question and challenge business users.
• Strong influencing skills.
• High level of structure and organisation and the ability to work across teams.
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We recognise the diverse lifestyles and priorities of our employees and have reflected this in in the company’s Flexible Working Framework, which, wherever possible, supports employees to find a balance that works for them whilst ensuring we always put our members’ interests first.