Operations Analyst

Operations Analyst

Our client, a prestigious Wealth Manager based in the West End are looking to recruit an Operations Analyst to join their expanding Operations Department. The individual being sought will be detail orientated, able to administer many operational processes and suggest and implement efficiency improvements where possible.

As clients are on-boarded by the company, there will be oversight requirements in terms of potential incoming asset transfers. It is expected that the incumbent will be familiar in liaising with custodians, service providers and monitoring the status of open events/queries. Experience of the wealth management industry is required and should include all types of clients – individuals, families, companies, trusts and equivalent. Asset experience should include equities, funds, bonds and ideally private equity and derivatives.

The asset types experience should extend to those products within asset transfers, dividends, settlements, reconciliations, pricing, stock set-up and valuations.

The individual will be expected to assist with a number of critical functions:

1 Operational support for:

* Ensuring that data reconciliations are clear, if they are not then all issues are to be investigated, itemised and rectified.
* Investment book of records must be correct at all times, this role has a real focus to ensure that all data feeds are correct.
* Data input will be required where necessary for certain transactions.
* As more custodians are added to the company offering to cover 3rd party custody and a choice of custodians for the client, the incumbent will be familiar with this kind of set-up and working with the number of data feeds and aggregated reporting.
* Settlements for all asset types.
* Dividend monitoring and investigations.
* Daily BAU to include operational controls, price monitoring, payments, asset transfers, cash receipts and SOF/SOW corporate action monitoring.
* Corporate Action review and gathering responses to elections – ensuring that deadlines are met and that the desired result is produced.
* Assist in the production of valuations.
* Understand payment processes and ensure that these are actioned by the custodian and return via the data feed the following day.
* Client take on and transfer of assets and book costs.
* Client exit or death and transfer of assets and book costs.
* General Operational queries and support to the Client Advisors.
* Face off to custodians and other third parties.
* Regulatory reporting including – Transaction Reporting, EMIR, large transaction disclosures and POTAM.
* Assist with ad-hoc projects internally to improve processes and progress new initiatives.

1 Evolution of process, procedures and tools to support:

* Review procedures and ensure that they are fit for purpose. Provide ideas for improvement and document where processes change over time.
* Regulatory change;
* Evolving proposition; and
* Optimisation / efficiencies and client experience.

1 General:

* Assist Operations colleagues with any support that they may require.
* Work in a team at all times and participate in projects with colleagues as and when necessary.

The candidate will have experience of all general Operations tasks as stated in the above critical functions. We expect the incumbent to have a good level of experience in Excel and data interrogation to ensure good oversight of all back office systems and 3rd party vendors. It is expected that the candidate could demonstrate this previous experience and ensure that they can add value to the business

The individual will hold a University Degree and is expected to have had at least 3 years experience in Wealth Management Operations.

The successful individual will be working with a new firm that has rapid growth planned for the next 3-5 years. The candidate will need to be able to manage a rapidly increasing level of activity. The candidate whilst being meticulous and detail orientated will have an eye to innovation and continuous improvement of processes.

As a new firm implementing new policies, procedures and controls, he/she will need to be able to multi-task and prioritise activity.

The role will provide significant opportunity for the candidate. With the role will come ownership and within a flat structure, the ability to work cross function in a seamless way.

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