Reconciliations and Custody Control Manager

LGT Vestra LLP; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading wealth management firm in London is seeking a Reconciliations and Custody Control Manager to enhance cash and asset reconciliation processes. This role involves oversight, supporting team development, and improving reporting tools like Autorek and Figaro. The ideal candidate will have significant experience in financial services, strong analytical skills, and advanced knowledge of Excel. Join an organization recognized for putting clients first and striving for excellence in wealth management.

Qualifications

• Experienced in cash and asset reconciliations.
• Knowledge of CASS reconciliations.
• Strong analytical and numerical skills required.

Responsibilities

• Provide oversight of cash and asset reconciliations.
• Assist with development of reporting and process efficiencies.
• Ensure timely resolution of reconciliation breaks.

Skills

MS Office products

Excel (advanced)

FNZ's Figaro system

Autorek

SQL

Power BI

Education

Bachelor's degree in accounting, finance or related field

Tools

Autorek

Figaro

Job description

Reconciliations and Custody Control Manager 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 Custody and Execution Services business unit comprises of a number of teams in a back‑office operations function: Trade Support, Dealing, Corporate Actions, Treasury and Custody Control. Custody and Execution Services provides a wide range of services and support for LGT Wealth Management's Investment Managers, their teams and their clients.

Brief Role Objective

• This role is in the Reconciliations and Custody Control team within Custody Services.
• The main objective of this role is to provide BAU oversight of the cash and asset reconciliations processes and liaise directly with the CASS team to ensure accurate and timely production of the daily CMR calculation. This also includes undertaking regular reviews of all outstanding items and production of monthly MI. The individual may also provide cover for all reconciliations tasks during annual leave/sickness.
• As a manager of the team the individual will be expected to identify process improvements and effieicncies as will as partake in projects that impact the Reconciliations space. This will include upgrades and enhancements to our reconciliation tool Autorek as well as Figaro. Knowledge of both these systems will be extremely beneficial to the role.
• One of our strategic goals is to implement improved workflows and enhancements to our existing systems and this will be a key component for this new role.
• As a line manager, this role will require supporting and developing a team, undertaking goal setting and performance reviews.
• The individual will also be required to provide support to the Team Head for BAU control tasks and help implement new controls and reconciliations as part of the build out of the control framework.
• The successful candidate will therefore need to have an excellent understanding of all operations processes and be familiar with double entry book‑keeping and the trial balance.

Key Responsibilities

• Oversight of cash and asset reconciliations, liaising with other teams to ensure comprehensive commentary and timely resolution of breaks.
• Provide absence cover if required for all reconciliations BAU tasks
• Review and oversight of the daily CMR calculation.
• Monthly formal reconciliation reviews and production of MI
• Development of comprehensive MI for cash and assets.
• Assist in the development of Autorek to enhance reporting and process efficiencies
• Procedure and policy reviews and updates
• Line Management
• Assist with UAT for system upgrades, new process implementations
• Assist on various projects across the business to ensure that impact Reconciliations and/or Custody Control.

Key Skills and Technical Requirements

• Competent in all MS Office products
• Advanced level of knowledge with excel
• Knowledge of FNZ's Figaro system is desirable
• Knowledge of Autorek is extremely desirable
• SQL and Power BI expertise is desirable

Other Skills and Attributes

• Bachelor's degree in accounting, finance or related field, or equivalent work experience
• Wealth management and/or financial services experience gained within an operations environment
• Highly proficient in cash and asset reconciliations
• Demonstrable knowledge of CASS reconciliations
• Excellent numerical skills
• Investigative approach to problem solving
• Knowledge of double entry book‑keeping and trial balance.
• Strong analytical skills with the ability to collect, organise and analyse and disseminate significant amounts of information accurately
• Excellent verbal and written communication skills, and excellent time management abilities

Interested in the role?

Complete the online application. We look forward to getting to know you.