- Contract Type
- Full Time
- Role Type
- Closing Date
- Company Info
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets of GBP 957 / EUR 1,090 / CHF 1,191 billion*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors
Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*as at 30 June 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.
- Department Info
LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.
- Job Duties
Preparation and authorisation of the daily client money funding calculations, client money and bank account reconciliations and associated procedures to ensure that customers’ money is protected both before investment into their chosen product and when returned to them
To ensure compliance with CASS and FCA regulations, Unit Trust standards and L&G policies and procedures.
Specialise and take the lead in an area of expertise within the team and be able to support colleagues in this and other areas of work during business as usual, and to deputise in the absence of the work stream manager.
Preparation of the reporting and MI required for internal and external regulatory reporting, audit and compliance.
Understand the FCA and CASS rules governing client money treatment, calculations and reconciliations, maintain knowledge to ensure compliance and authorise client money calculations, reconciliations and cash transfers.
Work with the Finance Operations Project Team to ensure the design and introduction of business changes are implemented in line with the change process.
Build and maintain excellent working relationships and communications with other parts of the business to ensure delivery of effective processes and procedures.
Ensure that the appropriate MI, process and systems are in place to provide support to other business areas so that customers are treated fairly, in line with Legal & General’s Customer Experience and TCF policy.
- Skills Required
Qualifications, Knowledge and Skills:
Investment Operations Certificate (IOC) levels 1, 2 and 3, gained within 3 years – Desirable
Knowledge of the end to end operational processes in the job holders area of expertise, and the impacts on the general ledger and client money reconciliation.
Knowledge of operational and banking systems, functions and processes and their impacts on client accounts
Understanding of L&Gs products and funds and the related operational processes
Understanding of methods of reconciliation and data analysis
Can work independently and take the lead, understands role, is self-starting, technically competent and motivated, with specific process expertise.
Understands the structure and make-up of the client money calculation and how these interact with operational processes, the general ledger, information and databases
Can undertake technical review of information or the preparation of reports and MI and sign off calculations and reconciliations.
Can provide analytical, procedural and technical support or undertake investigation to resolve issues.
Understands own work in the wider business context, has sufficient knowledge to recognise if the output is broadly in line with expectations or if there are obvious errors, makes judgements (under some guidance) about action to take and whether an issue needs to be notified or escalated.
Previous experience in a technical accounting/information role and excellent numeracy, investigation and financial problem solving skills.
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 22 days’ (with potential to rise to 26 days) holiday, discretionary performance related bonuses, paid overtime, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.