Key Responsibilities
JOB DESCRIPTION
End-to-End ILP Investment Operations Ownership
- Own the complete ILP operational workflow, including:
- Fund order placement and execution
- Subscription/redemption processing
- Corporate actions and lifecycle events
- Cash management and reconciliation
- NAV validation and unit pricing oversight
- Ensure timely and accurate NAV pricing generation
- Oversee fund accounting processes specific to ILP structures
- Serve as the primary escalation point for ILP operational issues
Accountability: Accurate, timely and well-controlled ILP operations across all products.
Regulatory & Governance Oversight (MAS & CPFIS)
- Ensure compliance with applicable MAS regulations governing ILP operations
- Ensure CPFIS-related requirements are adhered to where applicable
- Maintain clear documentation, control evidence and governance frameworks
- Lead regulatory reviews and respond to audit / supervisory queries
- Strengthen ILP pricing governance and oversight framework
- Monitor and manage regulatory risk exposures related to ILP products
Accountability: ILP operations remain fully compliant and audit-ready at all times.
ILP Product Launch & Change Management
- Lead operational readiness for new ILP product launches
- Assess accounting, data, workflow and control implications of new products
- Partner with Product, Actuarial, Risk and Distribution teams on implementation
- Design and embed scalable operational processes before BAU handover
- Support Direct Fund Model initiatives and structural changes
Accountability: Smooth, well-controlled onboarding of new ILP products without downstream remediation.
Fund Accounting & Year-End Responsibilities
- Oversee ILP-related fund accounting activities
- Ensure month-end, quarter-end and year-end closing processes are completed accurately and on time
- Lead preparation of ILP financial schedules and reporting
- Coordinate audit processes related to ILP funds
- Ensure books and records integrity for ILP structures
Accountability: Clean audit outcomes and accurate ILP financial reporting.
Controls, Risk & Operational Resilience
- Establish strong maker-checker and escalation frameworks
- Monitor operational incidents and drive root-cause remediation
- Maintain ILP risk registers and control documentation
- Reduce key-man dependency through documentation and cross-training
- Ensure sustainable resourcing during peak periods
Accountability: Reduced operational risk and strengthened control environment.
Data & Process Optimisation
- Partner with Fund Accounting Transformation & Data Lead to improve:
- Data quality
- Workflow efficiency
- Automation opportunities
- Identify areas for operational simplification and digitisation
- Ensure ILP workflows align with the broader IVS data architecture
Accountability: Efficient, scalable and future-ready ILP operations.
Key Requirements
- 810 years experience in ILP operations, fund accounting or investment operations within an insurer or asset manager
- Strong understanding of ILP product structures and unit pricing frameworks
- Experience managing MAS regulatory requirements and CPFIS considerations
- Proven track record managing product launches and operational change
- Strong audit, governance and control mindset
- Ability to operate in a lean but high-accountability environment
