Fund Controller

About the role

The Fund Controller Opportunity at Neptune North presents a distinct professional trajectory within a high-growth joint venture founded in 2024. Neptune North is a collaboration between Oliver Wyman, a global management consulting firm under Marsh and traded on the NYSE, and Rokos Capital Management, a global alternative investment fund manager. This entity is engineered for technical excellence, leveraging current technology to solve sophisticated problems for clients in banking, financial services, and defence. The culture is defined by trust, collaboration, and a shared commitment to nurturing high-caliber talent within a supportive framework. You will be based in Newcastle upon Tyne, UK, within an expanding international organization that values proximity to clients and professionals. This role places you at the heart of the Investment Control Team, a focused group responsible for the oversight and precise reporting of fund performance, portfolio valuations, and Net Asset Value. Success in this position means becoming a trusted partner who ensures the integrity and accuracy of critical financial data.

This specific opportunity is situated within the Investment Control Team, a compact unit entrusted with the oversight and precise reporting of fund performance, portfolio valuations, and Net Asset Value. This team manages diverse asset classes, including Rates, Equities, Credit, Commodities, Energy, Mortgages, and FX. You will work in close concert with Trading, Risk, Quant, Investor Relations, Middle Office, Finance, Legal, Compliance, and Technology teams, making cross-functional collaboration a daily reality. The role carries significant responsibility for accurate financial governance and robust internal controls. A core part of your mission will be the delivery of precise Profit and Loss reporting, with analysis disaggregated by asset class, strategy, and temporal frameworks. You will conduct ongoing valuations testing to ensure trading portfolio accuracy against independent pricing benchmarks, acting as a key control point. The position also requires the provision of Net Asset Value reporting to internal stakeholders and regulatory bodies, encompassing management and performance fee reviews. Furthermore, you will engage in additional project work, including tenure progression initiatives, to support the team's broader strategic objectives.

Key facts

What you'll do

• Execute the full cycle of fund accounting and Net Asset Value calculations with rigorous precision.
• Perform independent valuations testing to verify the accuracy of trading portfolio prices against benchmark sources.
• Synthesize and deliver complex Profit and Loss reporting disaggregated by asset class, strategy, and time period.
• Generate and validate Net Asset Value reports for distribution to internal stakeholders and regulatory authorities.
• Conduct in-depth analysis of management and performance fees as part of the valuation control process.
• Partner with the Trading and Risk teams to investigate and reconcile valuation discrepancies promptly.
• Develop and maintain robust controls over portfolio valuations to ensure compliance with regulatory standards.
• Collaborate with the Middle Office and Finance teams to support tenure progression and performance measurement initiatives.
• Utilize advanced Excel skills to construct complex financial models and perform detailed variance analyses.
• Leverage SQL and Python to automate data extraction, transformation, and validation procedures.
• Create insightful visualizations in Tableau to communicate fund performance and control findings effectively.
• Liaise with Legal, Compliance, and Technology partners to implement process improvements and system controls.
• Contribute to project work aimed at enhancing the efficiency and scalability of investment control functions.
• Act as a subject matter expert in financial controls and valuations, providing guidance to stakeholders.
• Maintain a meticulous approach to detail to ensure the accuracy and integrity of all financial reporting outputs.

Requirements

• Hold a Bachelor's degree in a relevant quantitative discipline such as Mathematics, Physics, Engineering, or Economics.
• Demonstrate exceptional meticulousness in both written and verbal communication, ensuring clarity and accuracy in all deliverables.
• Possess advanced proficiency in Microsoft Excel for complex model construction, scenario analysis, and discrepancy identification.
• Exhibit a deep conceptual understanding of fixed income instruments, equity markets, and foundational derivative products.
• Show proficiency in SQL and Python to enable effective data exploration, manipulation, and automation of tasks.
• Demonstrate competence in Tableau or similar visualization tools to present data insights clearly and professionally.
• Have one to three years of prior experience in Product Control or Valuations roles within investment banking or buy-side environments.
• Alternatively, possess one to three years of experience within audit firm settings with a demonstrated interest in finance.
• Familiarity with financial instruments such as bonds, equities, and straightforward derivatives is advantageous, even if not previously encountered in a professional capacity.
• Be able to start the role promptly and commit to the permanent engagement terms as outlined.
• Thrive in a collaborative environment where interaction with diverse teams including Trading, Risk, Quant, and Technology is essential.
• Apply analytical rigor to solve complex problems and ensure adherence to strict control frameworks.
• Maintain a high level of integrity and discretion when handling sensitive financial information.
• Align with the company's values of trust, collaboration, and shared purpose in a dynamic growth setting.

Nice to have

Preference will be given to individuals with one to three years of prior experience in Product Control or Valuations roles within investment banking or buy-side environments. Equally, candidates with one to three years in audit firm settings, coupled with a demonstrated interest in finance, will be considered. Familiarity with financial instruments such as bonds, equities, and straightforward derivatives is advantageous, even if not previously encountered in a professional capacity.

Practical notes

The position is based in Newcastle upon Tyne and is offered as a permanent role. The target compensation package is £70,000 per annum for candidates with 3-5 years of relevant experience. Prospective applicants are advised to verify specific details on the official application portal. Mastery of Excel, SQL, Python, and Tableau is critical for success. A relevant undergraduate qualification and the specified experience in financial controls or valuations form the baseline criteria for this position.