At a Glance
- Tasks: Join our team as an Operations Associate, handling daily reconciliations and client reporting.
- Company: We're a leading US asset manager, listed on the NYSE and part of the S&P 500.
- Benefits: Enjoy hybrid work options and a dynamic, fast-paced environment.
- Why this job: Be part of a crucial role ensuring data integrity and client satisfaction in wealth management.
- Qualifications: Experience in financial operations and strong Excel skills are essential; familiarity with investment products is a plus.
- Other info: This is a hands-on position perfect for detail-oriented individuals looking to grow in finance.
The predicted salary is between 36000 - 60000 £ per year.
A major US-based asset manager, publicly listed on the NYSE and a constituent of the S&P 500, is hiring an Operations Associate within the Technical Operations team to join their London-based Wealth Management Operations arm. This role supports a variety of technical and reconciliations-driven functions critical to the integrity of investment systems and client reporting.
About the Role
This position plays a key role in ensuring the accuracy of their custodial and internal records, the proper functioning of their data systems, and the delivery of client and regulatory reporting. From daily reconciliations to managing corporate actions and fee calculations, this is a hands-on, detail-oriented role in a fast-paced, regulated environment.
Key Responsibilities
- Perform daily stock and cash reconciliations between internal systems and custodians
- Investigate data breaks, book cost discrepancies, and price mismatches
- Monitor and manage the overnight data import process
- Review and post corporate actions, ensuring accurate book cost allocations
- Produce monthly, quarterly, and ad hoc client fee calculations
- Maintain static data including securities, prices, and office setups
- Monitor and resolve failed transaction reporting submissions
- Produce operational and regulatory reports for internal stakeholders
- Maintain and administer the electronic transfer system (Altus)
- Support ad hoc operations projects and system enhancements
Skills & Experience Required
- Prior experience in wealth management, stockbroking, or financial operations
- Strong knowledge of reconciliations, corporate actions, and investment data
- Familiarity with investment product types (e.g., GIA, ISA, SIPP, OPB)
- Understanding of security types including funds, equities, ETFs, and fixed income
- Working knowledge of transaction reporting and regulatory processes
- Proficiency in Microsoft Excel and data integrity practices
- Experience with platforms such as Pershing (UK) is highly advantageous
- High attention to detail, organised, and able to meet tight deadlines
- Confident communicator with a proactive, hands-on approach
Location: London | Full-time | Hybrid work
Operations Associate - Wealth Management employer: Charles Levick Limited
Contact Detail:
Charles Levick Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Associate - Wealth Management
✨Tip Number 1
Familiarise yourself with the specific investment products mentioned in the job description, such as GIA, ISA, SIPP, and OPB. Understanding these products will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your knowledge of reconciliations and corporate actions, as these are key responsibilities for the Operations Associate role. Consider using online resources or courses to enhance your understanding of these processes.
✨Tip Number 3
Network with professionals in the wealth management sector, especially those who have experience with platforms like Pershing. Engaging with industry insiders can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with data integrity practices and Microsoft Excel during the interview. Be ready to share specific examples of how you've ensured accuracy in previous roles, as this will highlight your attention to detail.
We think you need these skills to ace Operations Associate - Wealth Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in wealth management, financial operations, and reconciliations. Use specific examples that demonstrate your attention to detail and ability to meet tight deadlines.
Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences directly to the responsibilities outlined in the job description. Emphasise your familiarity with investment products and your proficiency in Microsoft Excel.
Highlight Relevant Skills: In your application, clearly outline your knowledge of corporate actions, transaction reporting, and data integrity practices. Mention any experience with platforms like Pershing (UK) to stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Charles Levick Limited
✨Showcase Your Technical Knowledge
Make sure to highlight your understanding of reconciliations, corporate actions, and investment data during the interview. Be prepared to discuss specific examples from your previous experience that demonstrate your familiarity with these concepts.
✨Demonstrate Attention to Detail
Since this role requires a high level of accuracy, share instances where your attention to detail made a significant impact. Discuss how you ensure data integrity and how you handle discrepancies in financial records.
✨Familiarise Yourself with Relevant Tools
If you have experience with platforms like Pershing or similar systems, be ready to talk about it. If not, do some research on these tools and express your willingness to learn quickly, as this will show your proactive approach.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios, such as handling data breaks or failed transaction submissions. Think through potential challenges you might face in the role and how you would address them.