*Wealth Management Investment Operations

Job content

The Role

Wealth Management Investment Operations: Boutique Family Office/ Wealth Manager (Equity in the business)

FJR Finance is representing a boutique Mayfair based Family Office/ Wealth Manager to hire a permanent Wealth Management Investment Operations/ Trade Support Analyst to join their Investment Management Operations team.

The company have been in business for over 6- years and have over and exceeded all business targets and AUM growth. Their offices are very smart, but at the same time, there is a really relaxed, adult and professional vibe in the office.

The role will be a hybrid mix of both working-from-home and in the office (likely x 3 in the office and x 2 working-from-home). It would suit someone who also has a genuine interest in the Asset Management/ Wealth Management industry.

Our client is looking for someone with ideally a minimum of 3-year’s working experience within Wealth Management/ Asset Management Operations with a slant towards Tech, i.e. working large data feeds, reconciliations, performance, maybe some from a numerate based degree such as Mathematics, or Engineering – someone who likes working with numbers, technology i.e. Advanced level of Excel as a minimum, or even an aptitude to use programs for such tasks, like Phyton, or VBA (or has Advanced Level Excel and who has the genuine ability to pick up these new programs through self-learning/ learning on the job).

As clients are taken on by the company, there will be oversight requirements in terms of potential incoming Asset Transfers. It is expected that the incumbent will be familiar 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, Fixed Income and ideally Private Equity and Derivatives.

The asset types should extend to experience in those products within asset transfers, dividends, settlements, reconciliations, pricing, stock set-up and valuations. The firm has developed key policies and procedures across the business. The individual in the first instance will be responsible for following and developing the key policies, procedures and controls for the firm. The ability to be able to follow a procedure and highlight where developments would be beneficial is necessary and is critical for the success of the team and the company as a whole. It is also paramount that the individual contributes to ensure we do not place the firm at regulator risk.

The firm has developed key policies and procedures across the business. The individual in the first instance will be responsible for following and developing the key policies, procedures and controls for the firm. The ability to be able to follow a procedure and highlight where developments would be beneficial is necessary and is critical for the success of the team and the company as a whole. It is also paramount that the individual contributes to ensure we do not place the firm at regulator risk. In addition to the objectives of the firm to meet its regulatory obligations, the client is setting an expectation that all client interactions should be wherever possible seamless, professional and a positive client experience. They encourage the individual to always consider the impact of a transaction on a client and to raise ideas that may improve the client experience.

The individual will work closely with the Head of Governance, Client Advisors and the Operations/Onboarding team.

RESPONSIBILITIES AND ACCOUNTABILITIES:

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

a) Operational support for

- Ensuring that data feeds have been processed correctly and that all reconciliations are clear, if they are not then all issues are to be itemised, escalated and monitored until resolved.

- Ability to understand the impact of certain actions on client portfolios and daily processes.

- Ensure that the company App is up to date and accurately reporting client portfolios.

- The client’s 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 interrogation and verification will form a large part of the role and therefore the candidate should have a role that currently covers this aspect and they are happy focusing on this area. - Data input will be required where necessary for certain transactions.

- As more custodians are added to the company offering (to include 3rd party custody) to enhance the 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.

- 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 and monitoring delivery of tax reports when required. - 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.

- Ad-hoc projects for data verification/comparison between systems. Also to include ongoing projects when delivering certain requirements to meet Front Office expectations.

- Problem solving

- Performance calculations errors / differences (GIPS Time Weighted Return calculations)

- Contribution calculation errors o Unrealised P&L o Instrument set up (e.g. for bonds or exchange traded options)

- Other areas of clients report b) 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. - General: - Assist Operations colleagues with any support that may require. - Work in a team at all times and participate in projects with colleagues as and when necessary

QUALIFICATIONS AND EDUCATION REQUIREMENTS:

The candidate will have experience of all general Operations tasks as stated in the above critical functions. We expect the incumbent to have a high 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 company in this area. The individual will hold a university degree and is expected to have had at least 5 years experience in Wealth Management Operations.

- Strong maths background (at least up to A-level) ideally with ability to develop simple TWRR performance models in excel.

- Strong computer skills.

- Strong working knowledge of financial data.

- Different source of prices, timing of prices. o Set up of instrument static data for equities, bonds, funds, exchange trade options.

- Key trade components. Ideal but not essential, 2-3 years of working in performance or financial reporting team (dealing with performance).

PREFERRED SKILLS:

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.

Salary

£45,000 PA - £60,000 PA, plus + Bonus, Pension and Equity related Bonus, dependent upon experience.