Operations Analyst - 12 month FTC Edinburgh (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 Operations team sits within the LGT WM Chief Operating Office and provides a broad range of services to the wider business. The Operating Analyst role has been created to enable LGT WM to centralise operational processes and realise efficiencies of scale.

The team tasks & areas of responsibility are wide ranging and there is an excellent opportunity to learn about key operational elements of the business as a result.

Brief Role Objective

Working alongside multiple internal and external stakeholders; the role holder will play a pivotal role taking responsibility for the timely and accurate execution of essential Investment Operations, Operational Control, Supplier Oversight and Client Reporting processes. 

Key Responsibilities

• Responsible for the execution of daily, weekly, monthly and quarterly control checks covering Operational Control, Supplier Oversight and Investment Operations.   
• Independently verify and validate reporting from outsourced suppliers.
• Document and evidence third party/supplier service through collation and monitoring of key performance indicators.
• Independently verify and validate data provided by 3rd party custodian to ensure it is appropriate for client reporting.
• Co-ordinate and manage the maintenance and update of operational collateral documentation, working closely with relevant stakeholders and marketing.
• Develop a sound working knowledge of all systems and processes relevant to the business area including the system integrations.
• Investigates discrepancies and makes decisions on corrective actions, escalating where necessary.
• Has basic knowledge of regulations affecting their role including MIFID II, HMRC, Client Money.
• Produce monthly management information for Executive Reporting.
• Work with our outsourced partner’s quarterly reporting team to ensure that reporting meets regulatory obligations, and that appropriate controls and checks are in place.
• Undertakes root cause analysis and implements process improvements as appropriate.
• Represent the team at meetings, internally and externally, as required. 
• Investigation into ad hoc queries and team mailbox management.

Key Skills and Requirements

• Operational interactions and flows.
• Knowledge and experience of DFM wealth management, 3rd party administration or investment operations.
• Relevant legal & regulatory framework / requirements.
• Knowledge of investment markets and operating principles.
• Knowledge of custody and third-party administrator operation.
• Has a good understanding of the investment industry and investment vehicles, operating models and associated processes, including links and interdependencies.

Key Skills and Competency Requirements

• Strong analytical skills and attention to detail. Applies sound judgement when addressing ambiguous issues.
• Strong interpersonal, planning, co-ordination and problem-solving skills.
• An ability to influence and apply pragmatism when managing competing business demands.
• Ability to juggle multiple requests and prioritise accordingly.
• Strong communication skills both verbal and written, with an ability to articulate issues clearly and logically.
• Customer impact awareness.
• Strong Microsoft Office knowledge and skills, particularly Excel.

Experience, Qualifications and other requirements specific to the role

• 2/3 years Investment Operations/Asset Servicing experience.
• (desirable) experience within one of; regulatory client reporting, oversight, operational control or investment operations.
• Investment Operations Certificate (IOC), Investment Management Certificate (IMC) or equivalent financial services experience.