Treasury Analyst 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 Treasury Department is part of the Trade Support Team which belongs to the Custody Services area of the firm. The 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 Vestra’s internal control framework
• Ensure all payments made are timely and accurate
• Client Standing Order maintenance
• Monitor and allocate all cash to FCA CASS regulation
• Reconciliation of all payments made/received
• Timely notification to relevant departments of receipts

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 the Manager of Treasury with the ongoing improvement of processes within the Treasury Team, handling Internal and External Audit liaison and cash processing projects as they arise. It is anticipated that, the role holder will be able to provide cover the for the Team Manager when called upon. Prior working knowledge of CASS 7 or the willingness to learn is desirable.

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.
• Process stock lines and entries across control accounts for designated investments.
• 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.
• Production and maintenance of policies and controls
• Identifying and escalating CASS breaches as they arise
• Clearance of reconciliation breaks in line with CASS 7

IT:

• Figaro (Trading System) knowledge would be advantageous.
• Experience of using Online Banking Systems (RBS, RBSi, HSBC, and/or Lloyds desirable).
• Intermediate/Advance knowledge of MS Excel.

Technical Requirements:

• Relevant Wealth Asset Management industry experience iin the Treasury space
• Knowledge of current legislative environment for payments.
• Good knowledge of the FCA's CASS rules desirable.
• Exposure to cash processing change/improvement projects

Other skills, competencies 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 LGT Wealth Management LLP’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 other tasks as and when requested by the Manager of Treasury
• 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.