Funds & Oversight Manager

Role

Title:

Private Funds Governance Manager

Division: Operations

Location: Liverpool

Contract: Permanent

Working pattern: Hybrid

In this role you will be monitoring and overseeing the Private Closely Held Funds managed by Rathbones Investment Management (RIM) Investment Directors, including managing the relationship of the Authorised Corporate Director (ACD) and Global Custodians and ensuring appropriate controls are in place.

• Responsible for first‑line oversight of the fund management of RIM‑managed private funds, ensuring all funds are managed in accordance with their prospectus objectives, the FCA COLL Source book, and the requirements of the Investment Management Agreement.
• Provide effective oversight of investment management activities, maintain strong working relationships with Third Party Authorised Corporate Directors (ACDs), and ensure regulatory, governance, and operational standards are consistently met.
• Act as the central point of coordination between Investment Directors, Operations, Compliance, and external service providers, overseeing regulatory rule mapping, performance and Chief Investment Office (CIO) challenge processes, ACD due diligence, and fund documentation.
• Ensure appropriate training and competence of investment staff, support regulatory change implementation, provide assurance over ACD operations, and represent the investment manager at relevant governance forums, including Management Committee (Man Co) meetings.

• Senior‑level experience in authorised funds and investment management, with a track record of providing effective first‑line oversight across private funds.
• Deep knowledge of FCA COLL requirements, fund governance, prospectus compliance, and Investment Management Agreements, and hands‑on experience engaging with ACDs, auditors, and internal control functions.
• Confidence in regulated environments, leading performance and risk oversight, regulatory change implementation, and fund documentation governance.
• Demonstrable experience providing first‑line oversight of fund management activities, including monitoring asset allocation, investment objectives, performance, and valuation compliance.
• Ability to translate regulatory requirements into practical policies, procedures and rule‑mapping frameworks, ensuring regulatory change is implemented effectively and embedded within day‑to‑day operations.
• Well‑developed stakeholder management skills, to work constructively with Investment Directors, ACDs, Operations, Compliance, and external auditors, while confidently representing the investment manager at governance forums such as Man Co meetings.
• Strong analytical and risk‑management capability, with experience overseeing CIO challenge processes, performance reviews, breach management, and operational risk reporting.
• Robust understanding of fund documentation and disclosures (KIIDs, factsheets, annual reports), fund launch governance, and training and competence requirements for investment staff, ensuring high standards of control, transparency, and client protection across the private funds proposition.
• Relevant professional qualifications or equivalent industry expertise, continuous professional development, and strong regulatory judgement aligned to client protection and supervisory expectations.

• A company pension – 9% non‑contributory or 10% if you contribute 5%
• Private medical insurance – Individual on joining, family after 1 year’s service
• Life assurance – 8 × salary
• Income protection – 75 % salary
• Company share scheme
• Flexible holidays – purchase up to 5 additional days
• Discretionary bonus
• Green Car Scheme
• Family friendly policies – enhanced family leave for parents & carers
• Study support – study days and funding for courses and qualifications
• Season travel ticket loans
• Volunteering days
• Gym discounts
• Other voluntary benefits you can choose to suit you

We are a Level 1 Disability Confident employer under the UK Government scheme. If you feel there are any reasonable adjustments that would make the process easier for you and help you to perform at your best, please let us know by emailing