At a Glance
- Tasks: Manage cash activities, optimise processes, and support business queries in a dynamic environment.
- Company: Join Standard Life, a leading retirement specialist with a commitment to customer care.
- Benefits: Enjoy a competitive salary, generous leave, private medical cover, and flexible working options.
- Other info: Embrace a culture of curiosity and accountability with excellent career growth opportunities.
- Why this job: Make a real impact on financial futures while developing your skills in a supportive team.
- Qualifications: Experience in cash management or investment operations is essential.
The predicted salary is between 43200 - 43200 £ per year.
Here at Standard Life, we guide millions of people through some of life’s biggest decisions. We’re searching for a Cash Management Specialist who shares our commitment to putting customers first, aiming high and working together to join the Cash Management & Oversight team.
Job Type: Permanent
Location: This role could be based from either our Telford or Birmingham offices with time spent working from home and from the office (3 days) with travel expected between offices.
Flexible working: All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and benefits: From £43,200 (subject to experience) plus discretionary bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
The Team: Cash Management & Oversight is a key function within RS&AM. It has wide ranging accountability ensuring operational control of investment activities, supporting the Group and AM governance framework, and delivery of investment reporting. The team lead activities across the Phoenix custodial and operational account universe for policyholder, shareholder, ERIP and Operational bank accounts. Responsible for the execution of payments, by Chaps and BACS, and ensuring that there is sufficient liquidity for trades to settle.
The role: The Cash Management Specialist role is for an SME in overseeing and optimising cash management activities within the organisation. You will challenge and determine new processes and procedures, and support business queries and engage in a consistently changing environment. You will help lead in ensuring the team effectively monitors cash balances and funding instructions and support a large amount of change within the team including new systems, new fund managers, new custodians, new fund launches and asset transfers.
Group activity:
- Daily 'Sweep' of Shareholder cash balances into (Blackrock / ASI) liquidity products.
- Funding of AM Private Debt transactions.
- Funding of Group dividends.
- Interfund Settlements / NPF Drawdowns.
- Liquidity Fund / Cash Exposure Management.
- Shareholder Overdraft Management.
- Managing shortfalls / surpluses within Treasury accounts.
- Execution of 3rd party payments.
Key responsibilities:
- Support end‑to‑end daily cash management activities, including cash projections, liquidity monitoring, and payment/trade processing across custodian systems.
- Act as a subject matter expert for cash‑related business queries, proactively challenging data, resolving issues, and addressing root causes with internal teams and third‑party providers.
- Oversee and optimise cash management activities, including daily cash balance reporting and analysis of third‑party managed processes.
- Drive continuous improvement and change, contributing to the design, build and testing of new processes, systems, fund launches, asset transfers and onboarding of new fund managers.
- Ensure strong risk and control standards through adherence to procedures, identification of control improvements, and ownership of procedure documentation.
- Support planning, coordination and delivery of team outputs, including training design and delivery.
- Provide oversight of team activities, including weekly planning, allocation of responsibilities and acting as a key escalation point.
- Lead stakeholder, client and vendor engagement to support effective delivery and relationship management.
What are we looking for?
- Experience in Custodian / Investment Operations industry.
- Demonstrated knowledge of trade lifecycles, FX, MMD, Bond settlements, Funding.
- Proven ability to effectively producing process maps / documentation for review.
- Previous cash management experience, either within an asset management or life insurance organisation.
- Proficient in inputting and processing payments on custodian systems or equivalent and experience approving large volume / value instructions for execution.
- Experience of operating and improving new or existing processes.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in, so apply early to avoid missing out.
Cash Management Specialist, RS&AM in Telford employer: Standard Life plc
Standard Life plc is an excellent employer, offering a dynamic work environment that fosters collaboration and innovation within the Cash Management & Oversight team. With flexible hybrid working arrangements between Telford and Birmingham, employees enjoy a strong benefits package, including a discretionary bonus and opportunities for professional growth, making it a rewarding place to build a career in cash management.
StudySmarter Expert Advice🤫
We think this is how you could land Cash Management Specialist, RS&AM in Telford
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Don’t shy away from reaching out directly to firms like Standard Life plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Cash Management Specialist, RS&AM in Telford
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Standard Life plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Standard Life plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Standard Life plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Standard Life plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Standard Life plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Standard Life plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
