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The Client Product Support Team is responsible for supporting the on boarding and maintenance of non-standard investment solutions and ensuring that such solutions meet the needs of our Front Office whilst also fitting in seamlessly with the firm’s operational infrastructure.
The role
The role holder will support the Senior Client Product Support Manager in building out the Client Product Support Team’s processes, particularly in building out processes around EAM Reconciliations and Fund Operations. As well as supporting the creation and ongoing administration of new sub-funds within an existing UCITS structures as required. Knowledge around how they function operationally including the day-to-day reconciliation and administration of the funds is essential. Working knowledge of hedged share classes and subsequent administration is desirable.
Key responsibilities:
- Day to day fund administration of in-house managed funds including:
- Daily cash subscription and withdrawal monitoring
- FX administration
- Cash and stock reconciliation
- Facilitating margin calls
- Daily and month reconciliations of the firm’s books and records to that of fund custodians
- Daily and month reconciliations of the firm’s books and records to that of external financial institutions
- Daily trade settlement processing
- Engage with custodian to ensure the accuracy of Corporate Actions
- UCITS Compliance Rules Monitoring
- Manage the relationship with the firm’s Discretionary Fund Managers, Custody Services and external parties in relation to Funds and EAM activity
- Production and maintenance of policies, procedures and workflows relating to the creation and day to day maintenance of fund management
- Assist in the production of Management Information as required
- Assist in analysis and implementation of new funds as required
- Assist in project working relating to fund and EAM activity as required
About you
Technical requirements:
- In-depth understanding of fund operations
- Working knowledge of hedged share classes desirable
- Solid understanding of Wealth Management services and the industry as a whole
- Ideally 12 months experience within Wealth Management, however, graduates with sufficient understanding of the industry or relevant degree would also be considered.
- Understanding of the trade lifecycle and associated areas within investment operations
- Excellent communication skills to manage internal and external relationships
- Capacity and willingness to develop knowledge across a variety of products and services to perform the role to a competent standard.
- Technically minded with the ability to create new processes from scratch, such as analysis on service profitability and reconciliation processes.
- Experience of reconciliation processes to the standards outlined in CASS 6 and 7 would be advantageous. Alternatively, the willingness to learn processes to this standard is essential.
Other skills, competencies and attributes:
- Skill in prioritisation, planning, monitoring and self-management
- The ability to work independently as well as part of a team
- Ability to generate new ideas/initiatives to promote efficiency or improve performance
- Ability to communicate effectively (written and verbally) with a wide range of stakeholders from investment managers to technical experts
IT Skills:
- PC Literate
- Excellent Microsoft product skills, especially Excel
- VBA desirable
- Basic level of SQL desirable for querying data bases
- Third party reconciliation software knowledge would be advantageous
- Figaro (Trading System) knowledge would be advantageous
About us
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.
