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For Companies At a Glance
- Tasks: Join our team to manage client transactions and ensure smooth financial operations.
- Company: Quilter Cheviot is a leading UK wealth management firm with over 250 years of experience.
- Benefits: Enjoy 26 days holiday, private medical insurance, and a non-contributory pension scheme.
- Why this job: Be part of a dynamic team shaping the future of finance while developing your skills.
- Qualifications: Strong analytical skills and proficiency in Microsoft Office; familiarity with financial systems is a plus.
- Other info: We value diversity and promote an inclusive culture where every voice matters.
The predicted salary is between 30000 - 42000 £ per year.
Join to apply for the Settlement Operations Administrator role at Quilter Cheviot.
About The Business
Quilter Cheviot has been the wealth manager of choice for individuals and families for over 250 years, and today is one of the UK’s largest wealth management firms offering expert discretionary investment management and financial advice through our sister company, Quilter Cheviot Financial Planning. We offer a highly personalised service to private clients, charities, trustees, and professional partners. Quilter Cheviot has presence throughout the UK, Ireland, Dubai and Channel Islands.
About The Role
- Level: 1
- Department: Operations - Settlements
- Location: London
- Contract: Permanent
Operations is a critical function that supports our Investment Management teams by processing client transactions and safeguarding client assets. This role is part of the Global Settlements team and reports to the Settlements Manager. It offers the opportunity to engage in the entire trade lifecycle, from order inception to the final settlement of stock and cash across various asset classes and markets. You will join a team of eleven professionals, with a primary focus on the settlement of UK Equities, International Equities, Unit Trusts, and Foreign Exchange.
The ideal candidate will be responsible for ensuring the smooth operation of various financial processes, including settlement issues, transaction reporting, and compliance with regulatory standards. This role requires a detail-oriented individual with strong analytical skills and the ability to liaise effectively with different departments and market participants.
Responsibilities:
- Monitor CREST checking/failed reports, identify, investigate, and resolve settlement issues, and liaise with relevant market makers as necessary.
- Administer and verify redemptions and subscriptions of directly held Unit Trusts, Cofunds net settlement and Fund Settle orders.
- Conduct Transaction Reporting (MIFID II) duties, including re-reporting exercises and investigation of rejections.
- Perform general trade amendments and monitoring of the group mailbox.
- Analyse, resolve, and implement solutions for errors, and liaise with the relevant departments.
- Coordinate and process placings and hedge fund orders, including managing upfront payments.
- Investigate and resolve reconciliation breaks, including monitoring of the E-Log.
- Adhere to CASS rules to support compliance and audit processes.
About You
We are seeking a dedicated team player who demonstrates perseverance in achieving optimal outcomes and leverages their expertise to fulfil commitments. The ideal candidate is a forward thinker who challenges conventional wisdom and maintains a sense of curiosity. We value individuals who communicate openly and transparently, listen attentively, incorporate diverse perspectives, and adapt through collaborative learning with colleagues.
To excel in this role:
- Demonstrate proficiency in trade cycle management, coupled with exceptional problem-solving and analytical skills, including using the Microsoft Office software suite.
- Familiarity with systems including Figaro, NEXEN, NEOLINK, CENTRIC, CITI Velocity, OLIS, AEGON, NT Passport, UnaVista.
- Ability to work accurately under time pressure in a high-volume environment with tight daily deadlines, demonstrating strong time management and organisational skills.
- Capability to formulate detailed written responses to emails from investment managers and market participants.
Inclusion & Diversity
We value diversity and strive to promote inclusivity in all aspects of our culture. We believe in equal opportunities for all, ensuring that no applicant encounters less favourable treatment based on anything but their skills, qualifications, experience, and potential. We celebrate the unique contributions of a diverse workforce and create a respectful, nurturing environment where every colleague can thrive.
Values
- Do the right thing: We act with integrity and are proudly committed to going above and beyond in service of our clients and the support we provide our communities.
- Always curious: We continuously seek new ideas and knowledge so we’re one step ahead of our clients’ needs.
- Embrace challenge: We aim high to transform our potential into meaningful outcomes.
- Stronger together: Combining our diverse talents, we accomplish more collectively than we ever could do alone.
Core Benefits
- Holiday: 182 hours (26 days)
- Quilter Incentive Scheme: All employees are eligible to participate in incentive scheme, to incentivise business performance and their contribution.
- Pension Scheme: A non-contributory company pension scheme that can be boosted through personal contributions.
- Private Medical Insurance: Single cover as standard with options to increase cover to include your partner or children.
- Life Assurance: 4x your salary.
- Income Protection: 75% of salary, less state benefits, payable after 26 weeks of absence.
- Healthcare Cash Plan: Jersey employees only.
In addition to our core benefits, we offer a range of flexible benefits to UK employees that you can choose from and pay for conveniently via a salary deduction.
Seniority level: Entry level
Employment type: Full-time
Job function: Management and Manufacturing
Settlement Operations Administrator employer: Quilter Cheviot Ltd
Contact Detail:
Quilter Cheviot Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlement Operations Administrator
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as Figaro and NEXEN. Having a solid understanding of these tools will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with current or former employees of Quilter Cheviot on platforms like LinkedIn. Engaging in conversations about their experiences can provide you with valuable insights into the company culture and expectations for the Settlement Operations Administrator role.
✨Tip Number 3
Brush up on your knowledge of regulatory standards, particularly CASS rules and MIFID II requirements. Being well-versed in these areas will show that you are proactive and serious about compliance, which is crucial for this position.
✨Tip Number 4
Prepare to discuss your problem-solving skills during the interview. Think of specific examples where you've successfully resolved issues under pressure, as this aligns perfectly with the responsibilities of the role and will highlight your suitability.
We think you need these skills to ace Settlement Operations Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Settlement Operations Administrator role. Focus on your analytical skills, attention to detail, and any experience with trade cycle management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific aspects of Quilter Cheviot that resonate with you, such as their commitment to integrity and inclusivity, and explain how your values align with theirs.
Highlight Relevant Skills: In your application, emphasise your proficiency in Microsoft Office and any familiarity with systems mentioned in the job description, like Figaro or NEXEN. Provide examples of how you've used these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the Settlement Operations Administrator position.
How to prepare for a job interview at Quilter Cheviot Ltd
✨Understand the Trade Lifecycle
Make sure you have a solid grasp of the entire trade lifecycle, from order inception to settlement. Be prepared to discuss how you would handle various scenarios that may arise during this process.
✨Showcase Your Analytical Skills
Since the role requires strong analytical skills, come ready with examples of how you've successfully resolved complex issues in previous roles. Highlight your problem-solving approach and any tools you used.
✨Familiarise Yourself with Relevant Systems
Research the systems mentioned in the job description, such as Figaro and NEXEN. If possible, try to get hands-on experience or at least understand their functionalities so you can speak confidently about them.
✨Demonstrate Teamwork and Communication
Quilter Cheviot values collaboration, so be prepared to share examples of how you've worked effectively in teams. Emphasise your ability to communicate openly and listen to diverse perspectives.
