Middle Office Manager - The London Treasury

Middle Office Manager - The London Treasury Key information

Contract type: Permanent

Reference: MOM001

Interview date: Interviews are scheduled to take place during week commencing 09 March 2026.

Please note the Employer for this post is The London Treasury Not The GLA

London Treasury

London Treasury's mission is to help local authorities achieve better outcomes from their investments and treasury management activities. Created as an arm's length subsidiary by the GLA, it addresses liquidity, treasury, net zero and SME investment challenges faced by its clients. London Treasury is authorised and regulated by the Financial Conduct Authority to facilitate sharing our areas of expertise with the public sector.

Role purpose

This role is to be the link between the investment team and the back office, fund administrator and finance team providing investment transaction support, reconciling investment transaction errors and assisting with investment monitoring and report writing.

Responsibilities

• Managing the onboarding process for new investments including completing subscription forms, anti-money laundering checks, know-your-client checks, completing mandatory tax forms (FATCA/CRS self-certifications and W 8/W 9) and obtaining approvals before completion
• Managing investor consents, including changes to LPAs, date amendments, limit alterations, and waivers
• Collating the Portfolio reports in conjunction with the investment team
• Monitoring income and valuation movements to ensure the Fund Administrator reports are accurate. Ensuring the allocation between Limited Partners is appropriate and issuing the schedule and approval form for signature
• For strategic lending, monitoring drawdown/redemption requests and issuing interest statements as per the loan agreements
• Assessing quarterly fee rebates
• Core Treasury: Ensuring the approved counterparty list is up to date and updating the counterparty credit analysis
• Monitoring fixed income receipts and ensuring the Fund Administrator and the Finance team have accurately reflected income accruals
• Managing know-your-client requests on both new and existing core investments as required
• Maintaining the authorised signatory/ dealer/contact lists with counterparties and service providers
• Fund operations: Managing communications to the Limited Partners in line with the LPA including core commitment changes, notification of dividends, monthly statements to LPs, monthly treasury team data provision re functional bodies, stress testing analysis of the fund, assembling data for regulatory filings (including quarterly Annex IV reports to the AIFM, G10 Capital), preparing fund performance data and reports for pitch books and marketing materials in line with FCA regulations, collating and assessing the inherent fund management costs and benchmarking LTLF costs against similar funds, monitoring the Fund Administrator's compliance reports and liaising with the CRO as required
• Assisting with statutory and internal audits with regards to investments, including sending audit confirmation requests and collating investment information
• Data room management: controlling access and updating as required
• Maintaining a list of user access to the various portals used for LTLF (e.g., the Fund Administrator) and providing bank user requests and cancellations to the Finance team

Role specific requirements

• Demonstrable Financial Operations experience in an FCA regulated environment required
• Understanding of the trade lifecycle, financial products and credit risk within LTLF
• Familiarity with complex legal structures such as funds, partnerships, SPVs, trusts, and holding companies
• Specific experience in investment due diligence or other suitable corporate finance experience
• Either a certificate in Investment Management (IMC), Investment Operations (IOC) or Chartered Financial Analysts (CFA) Level 1 would be advantageous
• Organised, analytical and able to manage multiple and/or complex workflows

General Requirements - Associates

• Organisational Leadership
• Accountability: Be persuasive and confident, with the ability to represent the organisation at board/committee and senior official level
• Collaboration: Work effectively with team members, Delivery Group and Executive Committee, external partners and stakeholders

Stakeholders

• Proven people skills, with the ability to build effective working relationships with all stakeholders
• Client Facing: Approach and mindset demonstrate understanding of key client needs and expectations

Resource Management

• Effectiveness and Productivity: Effectively utilises resources to support overall business objectives; demonstrates a commercial, outcomes and solutions-focused mindset
• Flexibility and Responsiveness: Be flexible and manage change. Quick to respond to competing or changing priorities and deadlines
• Integrity: Adheres to LTL's compliance manual, internal policies and procedures, and other regulatory requirements, taking accountability for the same across business area. Undertake the role in accordance with London Treasury's policies and Code of Ethics and Standards
• Attention to fine detail while maintaining awareness of overall organisational strategy, proactively seeking to advance organisational goals

Technical Competence

• Technical: Detailed understanding of area of responsibility alongside knowledge of the wider organisational structure and activities of LTL
• CPD: Commits to continuous professional development including undertaking training and development as required by the firm from time to time
• Inclusive Culture: championing an inclusive culture for all. Realise the benefits of London's diversity by promoting and enabling equality
• Commitment to collegiate and collaborative working
• Value added and Proactiveness: Applies judgement and works with significant levels of independence to progress individual and team goals

Internal/External Communication Skills

• Communication: Effective written and oral communication style with the ability to draft board-level reports, decision recommendations and internal guidance

The GLA is proud to be a Level 2: Disability Confident employer. We are committed to becoming a more inclusive and accessible organisation, and creating a truly inclusive and accessible workplace and culture for our disabled staff. We have named Disability Equality as a key corporate priority within our EDI Strategy. We welcome and encourage applications from disabled applicants. Should you wish to opt into the scheme, please let us know during your application.

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