Wealth Management Operations - Entry Level Manchester, England
Rothschild & Co
Full Time
Manchester, England
10.56 - 12.04 GBP Today
Job description
About Us
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.
Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 60 offices around the world.
Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.
It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.
Transactions Team
The Transactions team is an Operational function within Infrastructure which sits between the Front Office and the other departments of Rothschild & Co Wealth Management. They are primarily responsible for processing transactional activity initiated by client teams as well as the ongoing monitoring and analysis of transaction and fee reports, and transactional risk control.
The Transactions team provides specialist support to client teams through query resolution, problem solving and development of relevant processes and controls regarding client transactions and fees. Their main objective is to ensure the effectiveness of transactional processes across the business and enhance the client experience.
Overview of Role
We are looking for a suitable candidate for the role of Transactions Specialist who will report into the Transactions Team Leader. The candidate will be providing day-to-day support to client teams located in London, Milan, Manchester and Guernsey, as well as working closing with other Operational teams in both the UK and Zurich.
The successful candidate will be expected to act as an ambassador for the Transactions team by ensuring accuracy and diligence in the processing of payments, cash and asset transfers and loans, as well as supporting the team in the delivery of core responsibilities related to the processing and monitoring of various transactional activities.
The candidate should have good communication skills and demonstrate a keen attention to detail at all times. They should also be able to demonstrate an understanding of the regulatory framework relevant to the role to ensure compliance with Group Policy. The role can be varied and fast-paced – the candidate will need to be able to deliver core responsibilities within agreed timescales and also assist with unexpected, urgent tasks as coordinated by senior team members.
Key Responsibilities
- Act as a main point of contact for client teams with regard to client transactions and fees
- Help to ensure that client teams are adhering to the instruction taking policy
- Maintain consistent implementation of our policies in order to prevent fraud and internal errors
- Assist with error resolution and prevention of future errors within the transactions and fees space
- Help to identify possible improvements to team processes and the control environment
Transaction support and query resolution
- Timely delivery of transactional requests initiated by client teams, including asset transfers, payments, loans, and account amendments, being conscious of cut-off times and delivery timescales
- Answer technical questions around payments and transfers, referring to senior team members and Subject Matter Experts where appropriate
- Liaise with Zurich Back Office and the client team to facilitate the smooth processing of payments, transfers and loans
Verification of instructions to comply with internal policies
- Input internal and external payments, stock transfers and loans for review and approval by senior team members
- Input amendments to fees and account structures for review and approval by senior team members
- Monitoring of ISA incoming monies and subscriptions
Client fees and tax
- Process manual fees where required as part of Quarterly Fee checking activity
- Process ad-hoc client fees and rebates as directed by senior team members
- Production of fee invoices for external custody clients
Reporting and controls
- Assist senior team members in collating report data for Management / Risk / Compliance
- Error reporting – ensuring sufficient understanding of the situation to report the error
- Support the team in the delivery of any actions identified by various report monitoring activities
- Ensure adherence to CASS regulations while following procedures for processing client cheques and physical assets
Additional responsibilities
- Assist in the training of newer team members where required
- Participate in business and employee initiatives to raise the profile of the Transactions team
- Contribute to the delivery of Exceptional Client Service through consistent and accurate delivery of tasks
Experience, Skills and Competencies Required
- Previous experience in a relevant Financial Services role desirable
- Technical knowledge of key banking processes such as payments and stock transfers desirable
- Good PC skills, particularly Outlook and MS Excel
- Aptitude for Mathematics
- Excellent oral and written communication skills
- Diligent and high level of attention to detail even when working under pressure
- Strong organisational and time management skills to ensure internal and external Service Level Agreements are met
- Team player
Our goal is to have a balanced, inclusive and flexible environment which enables all colleagues to achieve their personal and professional aspirations, and to ensure that Rothschild & Co provides longer term opportunities for talent.
