Fund Operations Analyst - 12 month FTC

LGT Vestra LLP; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading wealth management firm is seeking a Fund Operations Analyst to join their team in London. The ideal candidate will support operational activities across various funds, ensuring compliance and efficiency. Key responsibilities include trade processing, fund administration, and data management, requiring strong analytical skills and an understanding of the wealth management sector.

Qualifications

• In-depth understanding of fund operations necessary.
• Solid understanding of the Wealth Management industry.
• Experience in reconciliation processes and their standards highly advantageous.

Responsibilities

• Day-to-day fund administration and monitoring.
• Handling cash subscriptions and redemptions.
• Manage compliance rules and trading system setups.

Skills

Fund operations understanding

Knowledge of hedged share classes

Wealth Management services understanding

Trade lifecycle knowledge

Reconciliation processes familiarity (CASS 6 and 7)

Process creation aptitude

Job description

Fund Operations Analyst - 12 month FTC London (GB)

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.

Business Unit:

The Fund and Product Services Team that was created to provide ownership and support for all services relating to non-custodied investments. This includes:

• Fund Operations
• Product Management/Fund Launching
• EAM operations with banks and platforms
• Lending facilities with our parent bank
• Alternative trading solutions
• Supporting activities with pension and offshore bond providers

The 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.

Brief Role Objective:

The role holder will support the Fund Operations Manager in day to day trade operations activities for the firm’s fund range, as well as support the creation and ongoing administration of new sub-funds within an existing UCITS structures as required. Knowledge around how funds 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 redemption processing/monitoring
  • FX administration
  • Trade matching and confirmation
  • Trade settlement processing
  • Payment and settlement monitoring
  • Facilitating margin calls
• Monitoring upcoming events
• Manage elections
• Dividend processing
• System Data Management
  • New instrument set up
  • Manage all reference data
  • Benchmark set up
  • Dividend processing
  • Investment team queries and support
• Investment Control
  • Compliance rule set up in trading system
  • Compliance Breach Monitoring
• Daily reconciliations of the firm’s IBOR to external custodian
• 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

Your profile

Key Skills and 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
• Understanding of the trade lifecycle and associated areas within investment operations
• 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 and Attributes:

• 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

Interested in the role? Complete the online application. We look forward to getting to know you.

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