Investment Administration Middle Office

Recruiter
Rebecca Poulter Recruitment Limited
Location
Covent Garden
Salary
25 - 35,000 plus bank benefits
Posted
09 Oct 2017
Closes
07 Nov 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
We are looking for an Investment Administrator to join the middle office function, liaising between the Relationship Managers, Fund Managers and the back office. The main responsibility of the middle office main reasonability includes Client reporting, Fee Charging, Pricing and Security maintenance, FX, Record Keeping, and Cash Transfers on the investment accounts. Monitoring the work flow between the Front and Back Office. To ensure that all operational and reporting aspects of the department are processed properly within the normal timeframes for each transaction and reporting type and in accordance with regulatory requirements. Report all material facts, including exceptions to the line manager. Reporting to line manager on matters that require their attention in terms of this statement or which are material to the operations of the firm and its subsidiaries. This includes the preparation of formal reports. Monitoring the daily cash reconciliations and weekly security reconciliations from back office, to ensure that the items are being cleared in a timely manner. Instruct Treasury on trade FX positions, then input in to system, FX input for client position and forward transaction as instructed by the front office. Produce weekly and check the overdrawn client cash positions, advise the Fund Managers accordingly. Assist in the monitoring of open Fund order positions on the agreed trading criteria procedure with regards expected settlement. Monitor Mercury for cash contributions and withdrawals, also check for liquidation proceeds to be paid to clients. Complete standing order instructions when received, monitor standing order queue. To cover for other departmental members tasks as allocated on the daily task list. Filing all documentation on the appropriate file in a timely manner. Ad-hoc projects as necessary, trail commission received and ongoing maintenance, cash movement posting. Completion of instructions to asset manager, London in respect of contributions and withdrawals to delegated accounts as instructed by Relationship Managers on a daily basis. Client entries on to the current account on Globus for all transactions related to the bank and delegated portfolios. Remittance of funds to the other office in settlement of subscriptions into product for client delegated accounts in accordance with settlement instructions. Processing/Instruction of any other transactions relating to delegated accounts that may happen from time to time e.g. Forward FX transactions.
This job was originally posted as www.jobsite.co.uk/job/959284795