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- Tasks: Process client payments, receipts, and internal transfers while ensuring compliance with FCA rules.
- Company: Join LGT Wealth Management, a prestigious firm owned by the Princely Family of Liechtenstein.
- Benefits: Enjoy a supportive culture, opportunities for growth, and a chance to work with industry experts.
- Why this job: Be part of a dynamic team that values innovation and client service in wealth management.
- Qualifications: No specific experience required; knowledge of banking systems is a plus.
- Other info: Ideal for proactive individuals eager to learn and contribute to financial processes.
The predicted salary is between 24000 - 36000 £ per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT. Our aim is to offer a fresh approach to wealth management. We have a presence in London, Edinburgh, Jersey, Leeds, Birmingham, Bristol, and Manchester. Our mission is to create long-term value for all stakeholders, and our culture encourages individuals to generate, develop, and implement ideas which will strengthen our business.
Business Unit: The Custody and Execution Services Team comprises of 45 staff and provides a wide range of essential support services for the Firm's Investment/Wealth Asset Managers, their teams, and their Clients. The Treasury Team manages all client-related banking movements in multiple currencies as requested by internal departments and subject to correct authorisation.
Key responsibilities of the department include:
- Ensure all cash movement requests are appropriately authorised in line with LGT Wealth Management's internal control framework
- Ensure all payments made are timely and accurate
- Monitor and allocate all cash to FCA CASS regulation
- Reconciliation of all payments made/received
- Timely notification to relevant departments of receipts
- Monitor, place and manage funds on notice accounts and fixed term deposits
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 with the ongoing improvement of processes within the Treasury Team, handling internal and external audit liaison and cash processing projects as they arise.
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
- 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
- Identifying and escalating CASS breaches as they arise
- Clearance of reconciliation breaks in line with CASS 7
Requirements Key Skills and Technical Requirements:
- Figaro (Trading System) knowledge would be advantageous
- Experience of using Online Banking Systems (RBS, Bank of New York, HSBC, and/or Lloyds desirable)
Other Skills 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 the Firm'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 tasks as and when requested by the Treasury Manager
- 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
Contact Information: We are looking forward to receiving your online application. For any further information please do not hesitate to contact us.
Trainee Treasury Analyst employer: LGT Group
Contact Detail:
LGT Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Treasury Analyst
✨Tip Number 1
Familiarise yourself with the FCA CASS regulations, as understanding these rules is crucial for the Trainee Treasury Analyst role. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and client asset protection.
✨Tip Number 2
Gain a basic understanding of online banking systems like RBS or HSBC. If you can mention any experience or familiarity with these platforms during your discussions, it will show that you're ready to hit the ground running.
✨Tip Number 3
Highlight your ability to work under pressure and manage multiple tasks effectively. Prepare examples from your past experiences where you've successfully prioritised workflow to meet tight deadlines, as this is a key requirement for the role.
✨Tip Number 4
Showcase your initiative by thinking of potential improvements or efficiencies that could be made within a treasury team. Being proactive about generating ideas will align well with the company's culture of innovation and entrepreneurship.
We think you need these skills to ace Trainee Treasury Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Trainee Treasury Analyst position. Familiarise yourself with the key tasks such as processing payments, managing cash movements, and ensuring compliance with FCA rules.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise any experience with online banking systems or knowledge of financial regulations, as these are particularly valuable for this role.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the role and the company. Mention how your values align with LGT Wealth Management's core values of belonging, respect, integrity, conviction, and entrepreneurship.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in a role that involves financial transactions.
How to prepare for a job interview at LGT Group
✨Understand the Role and Responsibilities
Make sure you thoroughly read the job description and understand the key responsibilities of a Trainee Treasury Analyst. Be prepared to discuss how your skills align with processing client payments, managing cash movements, and ensuring compliance with FCA rules.
✨Familiarise Yourself with CASS Regulations
Since the role involves handling client money transactions, it's crucial to have a good grasp of CASS 6 and CASS 7 regulations. Research these regulations and be ready to explain their importance during the interview.
✨Showcase Your Initiative and Problem-Solving Skills
The company values individuals who take initiative and can handle tasks effectively under pressure. Prepare examples from your past experiences where you identified issues and proposed solutions, especially in financial contexts.
✨Demonstrate Your Knowledge of Banking Systems
If you have experience with online banking systems like RBS or HSBC, make sure to mention it. If not, consider doing some research on these systems to show your willingness to learn and adapt to the tools used in the role.
