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    1. Home
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    3. Investment Banking & Asset Management
    4. Investment Management Oversight Intern London 2021
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    The main purpose of the role is to help the team deliver an effective Investment Management Oversight (IMO) programme of FundRock Partners’ fund hosting operation.

    The role covers the oversight of existing and potential investments held by delegated investment managers, the management of external monitoring requirements of trustees/depositaries, fund auditors, internal audit and the regulator, and facilitation of review, reporting and escalation requirements of the company’s Investment Oversight Committee.

    What you'll do 

    • Assist the team maintain and deliver the IMO Programme;
    • Represent the IMO team in the Investment Oversight Committee (IOC) and compile management information where requested;
    • Aid where directed on IMO’s input into projects and on-boarding of new funds;
    • Participate in the performance of Due Diligence Reviews (DDR) on new Investment Managers or advisors and other key players of prospective new clients;
    • Support the regular DDRs all the Investment Managers;
    • Contribute to the development and improvement of the questionnaires, key controls and testing for each task in order to assess the procedures in place;
    • Ensure that funds comply with the investment limits of the regulations and the schemes’ documentation facilitated by a robust investment and borrowing powers monitoring system;
    • Liaise with investment managers over any breaches that occur in the funds, in order to reduce the number and re-occurrence of breaches; ensure that all breaches are accurately recorded on the Incident Register and appropriate documentation is produced and forwarded to the depositaries;
    • Assist investment managers in assessment of eligibility of unregulated assets prior to investment;
    • Administer market openings and proxy voting POAs;
    • Ensure funds only invest in eligible markets where appropriate due diligence has been carried out;
    • Deal with routine and ad hoc queries from clients, investment managers, depositaries and other third parties;
    • Liaise with appropriate firms who support the team: e.g. custodians, fund accountants, fund auditors and lawyers;
    • Keep abreast of regulatory change;
    • Monthly/quarterly review of Investment Managers Fund profile/performance and update relevant reporting;
    • Escalating significant issues, when required.