Fund Operations and Oversight Analyst Trainee

Fund Operations and Oversight Analyst Trainee (Glasgow) Country:
United Kingdom

Our aim is to be the best‑in‑class investment solution provider in Europe and the Americas by building long‑term relationships with our clients.

We are a global asset manager with extensive local knowledge in Europe and Latin America, working as a single firm in 10 major markets and with more than 50 years of experience. We are a fund manager that combines the best of complementary worlds, technology and expertise, to provide optimal solutions for our clients.

We deliver a simple, innovative and transparent service with a sole objective: offer our clients a comprehensive range of products with the right balance between risk and return. We combine fundamental bottom‑up research with rigorous risk management to produce returns in our investment portfolios.

As SAM UK, we serve the local market providing solutions to meet UK customers and institutions.

Our strategy is built on four key pillars:

• A best in class service model
• World class product solutions
• Commercially driven organisation
• People focused, with a strong sense of purpose which attracts, develops and retains talent

These four pillars are underpinned by protecting our clients: a strong client, risk and regulatory focus with ownership throughout the organisation.

At SAM UK our behaviours underpin everything we do; we think clients, embrace change, act now, move together and speak up.

This role sits within our Operations team in Glasgow and supports the oversight of third‑party suppliers delivering key fund services, including fund accounting, custody, transfer agency and middle‑office functions for UK funds. You will assist with day‑to‑day operational activities such as valuation (NAV) checks, reconciliations, reporting and the investigation of queries or exceptions. The role also supports regulatory and control activities, including audit requests, risk management reporting and key operational oversight processes including CASS oversight and financial reporting.

This role provides hands‑on exposure to fund operations, third‑party oversight and regulatory requirements, offering a strong technical introduction to asset management operations.

You will gain great exposure across SAM UK, joining a small but versatile team which will allow you to play an integral part in providing proactive, value‑added, hands‑on support to colleagues across the firm and other parts of the Santander Group.

This is a great opportunity for a graduate who would like to build a career within investment operations while studying towards an accredited qualification,
Chartered Institute of Securities and Investment (CISI) Investment Operations Certificate (IOC).

Whilst learning on the job alongside our experienced, talented and diverse team, you will also study towards the Investment Operations Certificate (IOC) via online live teaching and performance coaching.

As part of the Investment
20/20 programme, you will also have opportunities to meet and network with around 300 trainees across the industry and participate in socials and insight events.

• Support the oversight of daily fund valuation (NAV) checks, dealing activity, and reconciliations.
• Assist with investigating and resolving operational or valuation‑related queries.
• Support the preparation of financial statements and responses to audit queries.
• Assist with regulatory and control activities, including CASS and client money processes and reconciliations.
• Support a range of operational activities such as trade settlement, corporate actions, invoice review, distributions, and AML/KYC checks.
• Work with internal teams and third‑party suppliers to help ensure processes run smoothly and deadlines are met.
• Support the delivery of fund change activity like mergers, launches, terminations, etc.

Our Investment
20/20 placement is designed for graduates who are keen to start their careers in the investment management industry. Key skills we’re looking for are:

• Someone who is energised by opportunities to learn new skills
• An enthusiastic team player
• The ability to work on your own…