Careers

Tutman Independent Non-Executive Director

Location: Flexible

Tutman are a leading provider of Independent AFM services to the asset management and wealth communities, currently operating over 150 funds and £20billion in assets under management.

As an independent AFM, Tutman brings the layer of independent challenge that is absent from the vertically integrated asset management model. In addition, by outsourcing to multiple asset managers and administrators, our established governance framework ensures the regular benchmarking of those providers in terms of quality of service, value and cost. It is a firm with a culture that ensures that our investors are at the forefront of what we do and where the cost savings that we regularly negotiate are passed directly on to our investors. That said we recognise the FCA’s requirement for certain members of the board to be entirely independent and to counter the potential conflicts presented by the firm’s current remuneration policy which enables executive board members to benefit from the profitability of the firm.

The primary objective of the role will be to provide input and challenge as part of the Tutman’s Assessment of Value, including undertaking an annual value for money assessment, which is detailed in COLL 6.6.20R.

Personal profile:

We are keen to hear from individuals who have a proven track record of working at a senior, preferably executive, level in an organisation providing services to the asset management community; a Man Co, asset manager, asset servicer, depositary, or funds division of a leading law firm or accountancy practice.

It is also essential that you have:

•A working and first-hand knowledge of the FCA rule books pertinent to collective investment schemes
•A proven track record of providing robust challenge, identifying and dealing with conflicts, and putting investors first
•A heightened awareness of the market place and the various organisations that provide services to regulated funds

You must also be able to demonstrate that you meet the independence criteria as per COLL 6.6.20 R

The majority of the tasks above can be performed remotely. You will, however, be required to attend a minimum of 4 quarterly board meetings. An invitation will also be extended to attend the relevant committees which sit below the board and where the agenda is relevant to the role described above. This will involve a further 4 meetings per annum, at a minimum. As the firm engages in new strategic initiatives you may be asked to participate on an ad hoc basis.

If you are interested in this position, or would like any further information, please contact HR by email at: careers@thesisam.com.

Closing date for applications: 24 December 2021

 

 

Job title: Investment Management Oversight Assistant  

Location: Chichester (hybrid working will also be considered)

We have an exciting opportunity for Investment Management Oversight Assistant to join our TUTMAN team.  TUTMAN is an independent Authorised Fund Manager who, as part of its business model, outsources functions to third party delegates.

The focus of the role is to assist the team in overseeing our third party appointments, predominantly focusing on Investment Management.  The role is responsible for monitoring performance and risk outputs versus benchmarks and peer group and challenging the findings.  This will include downloading and preparing data for review as well as assessing and comparing data.

Your responsibilities will include:

  • Maintaining records and downloading updated data from external sources (e.g. Morningstar and Bloomberg) into the relevant checks
  • Performing an initial screen of the data for accuracy
  • Researching missing data
  • Reporting items identified by the performance and risk check(s) to the Investment Committee
  • Reviewing breach outputs daily and escalating internally where necessary
  • Working closely with and, as and when required, assisting the Investment Management Oversight team
  • Preparing packs and taking minutes for appropriate meetings

If you are looking to kick start your career within Financial Services and have proven analytical and interpersonal skills, we would like to hear from you.

To be successful, you will be educated to A Level standard, analytically minded with high attention to detail.  Ideally you will also have strong mathematical and excel skills and have some experience of working in a professional environment.  You will be professional and straightforward in your approach and be able to communicate effectively with a variety of different people and levels of seniority across the business.

In return, we offer a variety of benefits, including a competitive salary, 25 days holiday (rising to 27 days with length of service), Private Medical Insurance, Life Assurance, Group Income Protection and a generous contributory pension scheme.

It will be a requirement for the successful candidate to complete satisfactory reference checks (including, but not limited to, a DBS check, financial checks and employment references).

To apply for this role or to request a full job description, please contact HR by email at: careers@thesisam.com.

Closing date for applications: 2 February 2022

 

 

Job title: Investment Management Oversight Analyst

Location: Chichester (remote working will also be considered)

We have an exciting opportunity for Investment Management Oversight Analyst to join our TUTMAN team.  TUTMAN is an independent Authorised Fund Manager who, as part of its business model, outsources functions to third party delegates.

This is a brand new position which will be responsible for providing support to TUTMAN in monitoring the service outsourced to third parties.  This will predominantly be the monitoring of Investment Advisers.  However, it may also include other third party appointees.

Your responsibilities will include:

  • Monitoring investment performance and risks within the funds against benchmarks, peer groups and on an absolute basis
  • Reviewing funds in line with their objectives and policies
  • Liaising with Investment Managers over fund management and issues that have arisen
  • Reporting and monitoring findings through the Assessment of Value process in respect of performance and risk
  • Monitoring data and breaches identified on the Fundware system
  • Participating in the initial and on-going due diligence of appointed Investment Managers and presenting findings to Investment and Fund Risk Committees

In order to carry out the role, it is essential that you have relevant financial services experience, ideally from working for or with an Authorised Fund Manager or delegate (e.g. Transfer Agent, Fund Administrator) in an investment management environment.  You will also have a good understanding of FCA regulatory requirements and industry best practice.

In addition, you will hold (or be working towards/be prepared to work towards) either the CFA Level 4 Certificate in Investment Management (IMC) or the CISI Level 4 Diploma in Investment Advice.

To be successful in the role you will be highly organised, analytically minded, deadline driven and be able to, and be comfortable with, working under pressure. You will be friendly, professional and confident in your approach and be able to communicate effectively with a variety of different people and levels of seniority across the business.

If you are looking for your next role within financial services and feel you match what we are looking for, then we would like to hear from you.

In return, we offer a variety of benefits, including a competitive salary, 25 days holiday (rising to 27 days with length of service), Private Medical Insurance, Life Assurance, Group Income Protection and a generous contributory pension scheme.

It will be a requirement for the successful candidate to complete satisfactory reference checks (including, but not limited to, a DBS check, financial checks and employment references).

To apply for this role or to request a full job description, please contact HR by email at: careers@thesisam.com.

Closing date for applications: 2 February 2022