Northern LGPS - Trade Operations & Asset Servicing Manager

Trade Operations & Asset Servicing Manager

Lead the function that safeguards the integrity of Northern LGPS’s transaction lifecycle and investment records as its future investment operations model takes shape.

Northern LGPS is entering an important period of development, creating an FCA authorised investment management company and establishing the leadership, governance and operating capabilities required for the future.

As Manager - Trade Operations & Asset Servicing, you’ll lead a key part of Northern’s Investment Operations function, controlling the transaction lifecycle from execution through to settlement and a confirmed, reconciled record of assets.

Your remit will bring together settlements and custody, reconciliations and asset servicing, alongside ownership of the investment book of record.

This is an opportunity to help establish a rigorous and well‑controlled operating environment at an important stage in Northern’s development.

You’ll build capability across multiple operational disciplines, strengthen controls and ensure Northern can demonstrate the completeness and accuracy of its investment records to its depositary, auditors and regulator.

Northern LGPS is a c £70bn pooled investment partnership for the Local Government Pension Scheme, bringing together the investments of Greater Manchester Pension Fund, Merseyside Pension Fund and West Yorkshire Pension Fund.

Building on the foundations of its collaboration over several years, Northern LGPS is now entering the next phase of its development.

This phase focuses on establishing an FCA authorised investment management company with a dedicated senior leadership team; strengthening governance and creating a clear operating model to support long‑term investment outcomes.

For those joining at this stage, the opportunity is exceptional. These roles offer the chance to shape strategy, set standards and build leadership capability for the long term, working closely with the partner funds, who are both shareholders and clients, Boards and regulators to ensure Northern LGPS continues to evolve as a well‑governed, resilient investment organisation.

As Northern LGPS continues to evolve, we are building a collaborative, open and trusting organisation where people can do their best work.

We believe strong outcomes come from working together, sharing knowledge and supporting one another.

Our flexible and hybrid working arrangements give colleagues greater flexibility in how they manage their time, while supporting collaboration and colleague wellbeing.

We are developing a supportive learning culture where people are encouraged to grow, contribute ideas and help shape how the organisation works.

Our ambition is to build a resilient and sustainable organisation that delivers for its Partner Funds over the long term.

Reporting to the Head of Investment Operations, you’ll lead Trade Operations & Asset Servicing across the transaction lifecycle, maintaining effective controls and ensuring Northern’s records of its assets are complete, accurate and demonstrable.

You will:

• Lead trade capture and enrichment, confirmation and affirmation, matching and instruction to the custodian within relevant market deadlines.
• Oversee settlement through to completion, ensuring failed trades are identified, pursued and escalated appropriately, including the management of buy-in exposure and market claims.
• Maintain standing settlement instructions through documented change controls and dual authorisation, and oversee operational readiness for new instruments, markets and central securities depositories.
• Lead custody and depot account management, including account opening, amendment and closure, oversight of…