Trainee Fee Analyst Edinburgh

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.

Key Responsibilities:

·       Support the Senior Fee Analyst by processing the end-to-end operational fee process each quarter

·       Monitor and work with the Senior Fee Analyst to manage the process for all fee data amendment requests

·       Support the Senior Fee Analyst to process ad-hoc client fees in accordance with standard operating procedure.

·       Where necessary liaise with internal teams to ensure high level of data accuracy

·       Ongoing data monitoring to identify any incorrect fee set-ups

·       Ongoing data monitoring to identify any fees which are at detriment to the client (i.e. above our standard rate)

·       Ongoing monitoring of MI to assure staff account fees are in line with our policy

·       Work with the Senior Fee Analyst to support the updating and management of the fee discount / fee holiday approval process for new and existing clients

·       Work with the Senior Fee Analyst to support the maintenance of the fee discount register and review on a quarterly basis with the Head of Front Office and Front Office Team Heads

·       Assist with the maintenance of client fee schedules ensuring accuracy and adherence to guidelines

·       Own and maintain stakeholder support materials on the intranet.

·       Develop a deeper understanding of the function, aiming towards become a subject matter expert in the process/function

·       Improve processes and identify efficiencies and continuous improvements to benefit the business and its clients

·       Demonstrate exemplary attention to detail, ensuring accuracy in all tasks

Assist the Project/IT teams with testing data regarding Figaro releases and upgrades and support other Strategic or Regulatory change items/improvements

Technical Requirements:

• Some relevant / transferrable industry experience desirable

·       Competent in all MS Office products – specifically Excel

Other skills, competencies, and attributes:

• Bachelor's degree in accounting, finance or related field, or equivalent work experience
• Some Wealth Management and/or Financial Services data entry and/or maintenance experience gained within an Operations/Finance environment
• Highly numerate and accurate with an investigative approach to problem solving
• Strong analytical skills with the ability to collect, organize and analyse and disseminate significant amounts of information accurately
• Excellent verbal and written communications skills, and excellent time management abilities

·       Strong conceptual, analytical, judgment and communication abilities are critical.