Operations Trainee

Type: Trainee
Region:

The Value of Active Minds

About Jupiter

Jupiter is one of the UK’s leading investment management companies with over 500 employees and £52.6 billion worth of assets under management (as at 29th March 2024).

Jupiter provides investment services to individual and institutional investors through mutual funds (UK unit trusts, Luxembourg SICAVs and Dublin OEICs), separately managed accounts and sub-advised funds. Jupiter has experienced a period of international growth with offices open in EMEA and APAC.

The majority of our employees are based in our London office located just minutes from Victoria station which provides stair-free access from both the Underground’s Victoria line and National Rail platforms, as well as limited road crossings to the Jupiter office. Our London office was designed to encourage employees to live active, healthy lives with floor-to-ceiling windows that allow for greater natural light and the benefit of a private balcony, table tennis room, cycle storage and on-site shower and locker facilities. The short distance to Green Park and St James’ Park also provides employees with a natural space to relax during their lunch break and a healthy alternative to office-based meetings.

We offer our UK employees a 3:2 hybrid working arrangement where Tuesdays, Thursdays and a third day of your choice are worked from the office. The other two days may be worked from home. This facilitates collaboration and allows employees to maximise productivity whilst maintaining a healthy work/life balance.

Operations Trainee

This is an exciting opportunity to join Jupiter’s Operations team as part of the Investment20/20 programme. Investment20/20 is an industry wide initiative designed to create more entry level opportunities into the industry and to provide you with the skills and experiences to help you start your career.

During the Investment20/20 programme you will receive:

• A 2-year fixed term contract with the potential to convert into a permanent role
• A dedicated line manager focused on supporting your development
• A buddy from a previous intake
• On-the-job training
• Structured soft skills and technical training
• Invitations to Investment 20/20 industry and social events
• Invitations to Jupiter’s Sports, Social and Arts events
• A salary of £30,000, plus benefits (incl. non-contributory pension, medical insurance and study leave for company approved qualifications)

You will have the opportunity, through the Investment20/20 Ambassador Programme, to return to your school, college or university to raise awareness of Jupiter and the Programme. In addition, we provide our employees with a comprehensive employee benefits package that includes physical health and financial wellbeing initiatives and family friendly policies, as well as Company support to make a difference to the charities that are important to you. We also offer a structured learning and development programme and sponsorship towards relevant qualifications. Our employee resource groups (including Ethnicity, Faith, Pride, Neurodiversity and Gender), Art and Charity Committees also provide further support to our employees.

At Jupiter, we’re invested in your career, offering a number of exciting opportunities across various departments. Our dedication lies in empowering your professional growth from the very start, fostering a nurturing environment that champions hard work, professionalism, and integrity. We’re committed to the growth of our employees, knowing they drive our success.

Job Introduction

This is an exciting opportunity to join Jupiter’s Operations department as part of a rotation scheme which will enable you to get a rounded view of how Operations works. You will be assigned a manager from the Operations team and complete rotations across the department.

The teams you will be primarily working with across Operations are –

• Fund Accounting
• Derivative Operations
• Transfer Agency Oversight

Fund Accounting oversight oversee the production and publication of over 750 daily NAVs, working closely with our third party administrators to ensure the timely and accurate release of the fund prices to the market. The team plays a critical role in the ongoing operation of Jupiter funds, responsible for the design and maintenance of an oversight framework that effectively manages the risks and regulatory requirements associated with the operation and valuation of investment funds.

As part of the Derivative Operations team, you will be supporting derivative trading and lifecycles at Jupiter. The team is responsible for trade confirmation and settlement as well all various post trade functions such as collateral management, trade and position services, interpretation and implementation of regulations, onboarding and maintenance of derivative legal agreements as well as onboarding new derivative instruments and providing specialist input on derivative strategies when required.

As part of the Transfer Agency Oversight team, you will help oversee our third party administrators. These companies administer our client accounts by, for example, placing deals, responding to correspondence and complaints and sending mailings. Our team work to ensure that they are adhering to agreed service levels, providing a high-quality service to our clients and helping them to receive the best outcomes, and complying with regulations.

We are looking for a proactive individual, with a desire to learn and a track-record of working well both individually and within a team structure. A genuine interest in the financial services industry will be viewed favourably.

Key Responsibilities

Role responsibilities include (but not limited to):

• Completing regular and ad-hoc tasks or projects
• Assisting the team with day to day oversight
• Providing cover and support across the department
• Assisting with the effective control and oversight of trading activities across Jupiter and the third party administrators
• Assisting the teams in firm wide projects and initiatives
• Investigating, resolving and responding to queries
• Analysing data and escalating queries as needed
• Maintaining a relationship with service providers
• Helping develop and refine the operational processes, identifying and escalating any risks to colleagues when needed

The Ideal Candidate

Jupiter’s Investment20/20 Programme is aimed at school/college leavers and graduates looking to start their careers.

We are looking for individuals with the following skills and attributes: