Client Money Reporting Team Leader

Key Duties:
Responsibility for a team who produce and investigate Dealing, Distribution and Balance Sheet Reconciliations along with Client Money account calculations and daily reconciliations for a number of different clients.
Further responsibility includes the monitoring of the quality control function relating to the companies off shore operation.

Specific duties:
Ensure all Daily processes are completed for the following Bank Accounts for all Management companies:

– Dealing Bank Accounts
– Client Money Accounts
– Client Money Gone Away Accounts
– Client Money Distribution Accounts
– Balance Sheet Accounts

Analyse the outstanding items into defined categories. Ensure investigation of those items either by team, sister departments, bank and Trustees where appropriate and chase to completion.
Ensure Compliance to Client Money regulations.
Chase all reconciliation items to completion.
Provide technical support to the team.
Check and review validity of statistics for internal reporting.
Ensuring the company meets client expectation in line with Service Level Agreements and quality.
Analyse operational processes and procedures; implement solutions that have been agreed with managers.
Allocate resources in order to achieve desired short term goals
Ensure your team is working effectively and compliantly, and provide training/ coaching to less experienced staff when required.

Key performance areas:

Reviewing of weekly outstanding items reporting
Reviewing of weekly Statistical Reporting
Ensure all reconciliation items for your team’s management companies are cleared in a timely manner
SLA’s are adhered to

Qualifications, Skills & Experience:

IAQ or equivalent, or commitment to study for IAQ or equivalent. (Strongly Preferred)
Good Verbal reasoning and numeric skills. (Essential)
Analytical and Investigative skills. (Essential)
Ability to work without close supervision. (Essential)
xperience in Financial Services Investment Industry. (Strongly Preferred)
Advanced Excel and Work Query (Desirable)

Knowledge:

Detailed knowledge of PEP, ISA, Unit Trust, OEIC or Investment Trust administration
Knowledge of FSA regulatory environment including full understanding of Client Money Regulations
Knowledge of Bank Reconciliations. (Essential)