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- Tasks: Lead the Asset Transfer Settlements team to ensure timely and accurate asset transfers.
- Company: Join a dynamic financial services firm dedicated to client satisfaction and operational excellence.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work culture.
- Why this job: Be part of a mission-driven team that values accuracy and efficiency in client asset management.
- Qualifications: Must have experience in managing transfers in financial services and a relevant qualification.
- Other info: Opportunity to shape processes and enhance client experiences in a fast-paced environment.
The predicted salary is between 48000 - 72000 £ per year.
An exciting opportunity has arisen to be a manager within our Custody Asset Transfers team as Custody Asset Transfer Settlement Lead. The role sits within our wider Client Accounting department where teams support the vital work of ensuring all money and assets held by Transact for clients are recorded accurately. The Client Money and Asset teams are dedicated to doing the right thing for all stakeholders, and you can be a part of this mission!
This role is responsible for the management and oversight of the Asset Transfer Settlements team to ensure timely and accurate completion of inspecie asset transfers both on and off the platform. The Transfer's team is responsible for confirming that client money and asset transfers are completed, registered and updated on the Clients' portfolio within tight deadlines.
Key responsibilities include:
- Management and oversight of the Asset Transfer Settlement team;
- Provide support to the team on a daily basis with transfer queries;
- Responsible for monitoring team outputs to ensure tasks are performed accurately and within internally agreed deadlines;
- Provide regular management reporting and escalation on daily volumes, trends, and other key performance measures;
- Regularly review the quality of the team's work in order to evidence agreed performance standards are adhered to;
- Continuous review and development of current systems and procedures to improve the transfers experience for our clients;
- Liaise with third party providers to ensure transfers are completed efficiently;
- Participate in Transfer industry forums in order to be informed of changes and enhancements to the Transfers process;
- Review risk and control within the Transfers process and embed a risk and control culture in the team.
Team objectives:
- Updating in specie asset transfers accurately on client portfolios, and on the same day as receipt of asset transfer confirmation;
- Contacting third party providers and fund managers, where necessary, in a professional manner to ensure there are no delays to transfers and the end to end process operates in an efficient manner;
- Adhering to the wide industry framework for improving transfers and re-registrations by ensuring a two-day turnaround time is achieved;
- Timely investigation/ resolution/ escalation of queries and issues that may arise;
- Producing accurate and relevant Management Information that tracks volumes, trends and issues.
Person Specification
To be considered for the role you must have extensive working experience of managing the Transfers process within a similar financial services environment. You will have previous people management experience and be able to evidence your ability to manage individuals effectively and support a team. You will have a working understanding of the CASS rules and hold a relevant financial services qualification or be willing to work towards this, as obtaining the full Investment Operations Certificate (IOC) or equivalent in role is essential. This is a fantastic opportunity for an experienced people manager looking to build upon their experience with the opportunity to be involved in reviewing and shaping existing process to be more efficient.
Custody Asset Transfer Settlement Lead | London, UK employer: Transact
Contact Detail:
Transact Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Custody Asset Transfer Settlement Lead | London, UK
✨Tip Number 1
Familiarise yourself with the CASS rules and regulations, as this knowledge is crucial for the Custody Asset Transfer Settlement Lead role. Consider joining relevant online forums or groups where you can discuss these topics with industry professionals.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in asset transfers. Attend industry events or webinars to make connections that could provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and changes in the asset transfer process by subscribing to industry publications or newsletters. This will not only enhance your knowledge but also demonstrate your commitment to continuous improvement during interviews.
✨Tip Number 4
Prepare to discuss your previous management experiences in detail, focusing on how you've successfully led teams and improved processes. Use specific examples that highlight your ability to meet tight deadlines and manage client expectations effectively.
We think you need these skills to ace Custody Asset Transfer Settlement Lead | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in managing asset transfers and people management. Use specific examples that demonstrate your understanding of the CASS rules and your ability to meet tight deadlines.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your previous experience aligns with the responsibilities outlined in the job description, particularly your management skills and knowledge of financial services.
Highlight Key Achievements: When detailing your work history, focus on key achievements related to asset transfer processes. Quantify your successes where possible, such as improvements in turnaround times or team performance metrics.
Prepare for Potential Questions: Anticipate questions related to your experience with asset transfers and team management. Be ready to discuss how you would handle specific scenarios, such as resolving transfer delays or improving team efficiency.
How to prepare for a job interview at Transact
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities of the Custody Asset Transfer Settlement Lead. Familiarise yourself with the key tasks such as managing the Asset Transfer Settlements team and ensuring timely completion of asset transfers. This will help you answer questions confidently and demonstrate your suitability for the role.
✨Showcase Your People Management Skills
Since this role involves managing a team, be prepared to discuss your previous experience in people management. Share specific examples of how you've supported your team, resolved conflicts, or improved team performance. This will highlight your leadership capabilities and your ability to foster a positive work environment.
✨Familiarise Yourself with CASS Rules
Having a working understanding of the CASS rules is crucial for this position. Brush up on these regulations and be ready to discuss how they apply to the asset transfer process. This knowledge will show that you are serious about compliance and understand the importance of adhering to industry standards.
✨Prepare Questions for the Interviewers
Interviews are a two-way street, so prepare insightful questions to ask your interviewers. Inquire about the team's current challenges, the company's approach to improving processes, or how success is measured in this role. This demonstrates your interest in the position and helps you assess if it's the right fit for you.
