Trainee Treasury Analyst

LGT – Private Banking und Asset Management; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading wealth management firm in London is seeking a detail-oriented Treasury Team member. The role involves processing client money transactions, ensuring compliance with FCA regulations, and enhancing internal processes. Ideal candidates will possess initiative and experience with banking systems.

Qualifications

• Experience with Online Banking Systems like RBS, HSBC.
• Knowledge of CASS rules and compliance.

Responsibilities

• Process all client payments and receipts accurately.
• Ensure compliance with FCA rules.
• Investigate reconciliation breaks.

Skills

Initiative

Time Management

Client Service

Tools

Figaro

Online Banking Systems

Job description

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, Bristol and Manchester. 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 £30 billion in funds under management and circa 700 staff.

Job Description

Business Unit:

The Custody and Execution Services Team comprises of 45 staff and provides a wide range of essential support services for the Firm’s Investment/Wealth Asset Managers, their teams, and their Clients. It is made up of several functions – Dealing, Settlements, Transfers and ISA Administration, Treasury, Corporate Actions and Tax and Operations Control.

The Treasury Team manage all client related banking movements in multiple currencies (mainly via BACs or CHAPS) as requested by internal departments and subject to correct authorisation. This includes maintaining relationships with our sponsoring banks and those organisations we hold term deposits with.

Key responsibilities of the department include:

• Ensure all cash movement requests are appropriately authorised in line with LGT Wealth Management's internal control framework
• Ensure all payments made are timely and accurate
• Monitor and allocate all cash to FCA CASS regulation
• Reconciliation of all payments made/received
• Timely notification to relevant departments of receipts
• Monitor, place and manage funds on notice accounts and fixed term deposits
• The Department is also the first line of defence for CASS 6 and CASS 7 and is responsible for the efficient and compliant processing of all client money transactions and client money/asset reconciliations

Brief Role Objective:

The role holder will be responsible for processing all client money transactional elements, which will include processing all client payments and receipts, processing client internal transfers and processing cash movements relating to the settlement of trades. They will assist with the ongoing improvement of processes within the Treasury Team, handling internal and external audit liaison and cash processing projects as they arise.

Key Responsibilities:

• Processing all payments and receipts into the Firm’s trading system.
• Ensure all payments and receipts are processed in a timely and accurate manner with specific regard to FCA rules.
• Processing all internal transfers relating to client transactions.
• Submission of standing order BACS files.
• Managing the receipt and processing of cheques.
• Investigate and resolve reconciliation breaks relating to client money.
• Maintain appropriate records of work undertaken.
• Ensure that all payment requests meet the Firm’s internal policies.
• Identifying and escalating CASS breaches as they arise
• Clearance of reconciliation breaks in line with CASS 7

Requirements

Key Skills and Technical Requirements:

• Figaro (Trading System) knowledge would be advantageous.
• Experience of using Online Banking Systems (RBS, Bank of New York, HSBC, and/or Lloyds desirable).

Other Skills and Attributes:

• Takes initiative for their own work within an understood framework of scope and authority.
• Deals with all matters promptly, professionally and effectively to meet critical deadlines.
• Conducts role in accordance with the Firm’s procedures, within individual authorisation levels and in a compliant manner.
• Makes effective use of time in order to carry out tasks to the appropriate standard.
• Adhere to all company-wide policies, procedures and compliance requirements.
• Undertakes tasks as and when requested by the Treasury Manager
• Being able to work under pressure and to prioritise workflow
• Generate new ideas/initiatives to promote efficiency or improve client service.
• Understand the implications of the CASS rules and the importance of having a firm that is fully aware and engaged in the protection and segregation of the clients’ assets.

Contact Information

We are looking forward to receiving your online application.

For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP

Human Resources

Alex Johnson