Oversight Manager - 12 month FTC

at  abrdn

Job Description
abrdn plc is a leading global investment company, built on a long-standing culture of caring about the future and making a positive impact. Together, we invest for a better future, making a difference in the lives of our clients, customers, employees, society, and shareholders. Our strategy is to build a vibrant and purpose-led organization, with the current and future needs of our stakeholders at the heart of all we do.
About the Department
The Chief Operating Office for the Investments Vector (IV COO) focuses on supporting and enabling teams within the broader Investment Vector, ensuring we deliver on our client promise. The Client and Regulatory Operations team plays a key role in maintaining effective oversight and compliance across our investment activities.
About the Role
Please not this vacancy is a Fixed Term contract, lasting 12 Months
The Oversight Manager, based in Luxembourg, will be part of the Client and Regulatory Operations team. Reporting to the Conducting Officer for Finance, IT, Central Administration, and Reporting (aILSA), this role involves oversight of group and third-party operations, including Central Administration, Transfer Agency, Depositary, and IT services. The role has a specific focus on fund accounting activities.
You will work both independently and collaboratively, contributing to monthly and quarterly report production and participating in cross-functional projects. This role offers an opportunity to influence strategy and resolve detailed queries while working closely with colleagues across the Investments Vector and IV COO.

Key Responsibilities

• Support the design, management, and evidencing of fund delegate oversight (Third-party administrators, Transfer agents, and Depositaries), including Intragroup services, ensuring operational measures and KPIs are met.
• Manage and oversee the IT function outsourced to the abrdn group, including any fourth-party or supplier outsourcing.
• Conduct due diligence on new and existing service providers and maintain ongoing monitoring of relevant services, in line with CSSF requirements and the Group’s Third-Party Risk Management framework.
• Coordinate Due Diligence responses and on-site inspections from Depository banks, ensuring compliance with regulatory requirements.
• Draft reports for Luxembourg Governance functions, including the Executive Committee, Management Company Board, and relevant fund boards.
• Represent aILSA on group projects and cross-functional initiatives.
• Collaborate with the IV COO Governance team on Intragroup oversight and work with Compliance and Legal to ensure oversight is effective.
• Identify areas for improvement or regulatory change with the Conducting Officer for Finance, IT, Central Administration, and oversee associated change initiatives.
• Maintain an up-to-date knowledge of industry developments and best practices, using your expertise to ensure operational and oversight activities meet regulatory and group expectations.

About the Candidate

The ideal candidate will possess the following:

• Proven experience in a management company or fund administrator role, demonstrating strong expertise in oversight and operational processes.
• Thorough knowledge of local/EU regulations relating to UCITS and AIFS, outsourcing, and CSSF circular updates (including Circular 22/806 and DORA).
• Fluency in English, with knowledge of French or other languages being advantageous.
• Solid understanding of financial markets, the funds industry, and Alternative Investment Funds.
• Ability to interact effectively with stakeholders at multiple levels, including relevant Boards and senior management.
• Experience in designing solutions and implementing effective operating models.
• High proficiency in developing strong, influential relationships with staff at all levels and relevant suppliers.
• Experience in supporting change/transformation initiatives.
• Strong capability in preparing and presenting papers for governance committees and board meetings.

Our business
Enabling our clients to be better investors drives everything we do. Our business is structured around three distinct areas – our vectors of growth – focused on our clients’ changing needs. You can find out more about what we do
here
.
We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense – this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.
If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist

• Support the design, management, and evidencing of fund delegate oversight (Third-party administrators, Transfer agents, and Depositaries), including Intragroup services, ensuring operational measures and KPIs are met.
• Manage and oversee the IT function outsourced to the abrdn group, including any fourth-party or supplier outsourcing.
• Conduct due diligence on new and existing service providers and maintain ongoing monitoring of relevant services, in line with CSSF requirements and the Group’s Third-Party Risk Management framework.
• Coordinate Due Diligence responses and on-site inspections from Depository banks, ensuring compliance with regulatory requirements.
• Draft reports for Luxembourg Governance functions, including the Executive Committee, Management Company Board, and relevant fund boards.
• Represent aILSA on group projects and cross-functional initiatives.
• Collaborate with the IV COO Governance team on Intragroup oversight and work with Compliance and Legal to ensure oversight is effective.
• Identify areas for improvement or regulatory change with the Conducting Officer for Finance, IT, Central Administration, and oversee associated change initiatives.
• Maintain an up-to-date knowledge of industry developments and best practices, using your expertise to ensure operational and oversight activities meet regulatory and group expectations