Senior Settlements Analyst (12 month FTC)

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.

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 Settlements, Transfers and ISA Administration team are responsible for the accurate and timely settlement of all trade purchases and sales. They undertake this for all asset classes and settle all trades executed by the Firm’s Dealing team. Allfunds, Crest and BNY (international securities) are the key custodians through which our business is handled. The team also manages all aspects of the client transfer in/out process for all product types as well as the ISA/JISA on boarding and subscription process with plan managers and the related reporting to HMRC

Brief Role Objective:

As a Senior Settlements Analyst, this role will be responsible for inputting and managing Unit Trust transfers in our custodian Allfunds website and updating the status of them in our internal system, Figaro. In addition, the position will involve working on settling securities traded across our Crest accounts, monitoring the transitory accounts and unmatched transactions ensuring these are remedied in a timely manner minimising any potential settlement fines.

They will also be required to monitor and manage daily stock reconciliations for Crest and Allfunds to ensure everything is booked and closed out accurately and on a timely basis.

The successful candidate would ideally have an understanding of Trade Settlements processes and have some exposure to other support activities such as Client Transfers, Corporate Actions and Treasury.

Key Responsibilities:

• Settlement of all Unit Trust trades and free of payment transfers in a timely manner—monitoring settlement and unmatched trades on a daily basis
• Settlement of all CREST market trades in a timely manner – monitoring settlement and unmatched trades on a daily basis
• Reconciliation of CREST & Unit Trust holdings on a daily basis including the timely resolution of any breaks as they arise.
• Executing internal movements of stock between CREST & Allfunds depots and Figaro
• Query resolution as to status of trade settlement for the Front Office in particular
• Assist with UAT for system upgrades, new business and new process implementations where required
• Ad-hoc issue and problem solving

Key Skills and Technical Requirements:

• Competent in all MS Office products - especially Excel
• Knowledge of FNZ’s Figaro system is desirable
• Knowledge of Crest
• Knowledge of Unavista

Other Skills and Attributes:

• Understanding of cash and asset reconciliations
• Numerate and strong attention to detail
• Good team player
• Good verbal and written communications skills
• Time management skills and the ability to meet deadlines
• Ability to remain calm under pressure

We are looking forward to receiving your online application.

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

Human Resources