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- Tasks: Join our team to manage client money reconciliations and ensure compliance with regulations.
- Company: Wipro Limited, a diverse and inclusive employer in the heart of Bath.
- Benefits: Gain valuable experience in finance with opportunities for growth and development.
- Why this job: Make a real impact while learning about financial services and compliance.
- Qualifications: Attention to detail, strong communication skills, and a proactive approach are essential.
- Other info: Flexible working environment with support for personal and professional development.
The predicted salary is between 30000 - 42000 £ per year.
Job Title
Recs and Banking Administrator
Location: Bath, Somerset
Company: Wipro Limited
Role summary: The Reconciliation & Banking Team works to ensure Servaada is adhering to client money protection rules. The team undertakes daily reconciliations of client money accounts, oversees funding from the Corporate accounts for shortfalls, and processes payments off the platform. The successful candidate will be key in both delivering team and individual targets within the appointed timescales, and to the highest standards.
What you will be doing
- Responsibility for the completion of the core team processes
- Supporting the company\’s on-going CASS adherence
- Daily internal and external client money reconciliations & investigation
- Internal and external custody reconciliations & investigation
- Regulatory returns & claims
- Liaison with third parties such as fund managers and banks
- Nominee and investment manager payment processing
- Cheque processing and banking
- Achieve departmental service level agreements (SLAs) and key performance indicators (KPIs)
- Demonstrate flexibility during periods of high workload, assisting other services when required
- Support the business software infrastructure with user acceptance testing and disaster recovery cycles
- Achieve and actively maintain your skills and knowledge to adhere to the Training and Competence standards
- Work to continually improve business procedures and processes
- Meet all Financial Conduct Authority regulations, particularly CASS 6, 7 & 8
- Ensure that Treating Customers Fairly (TCF) principles are adhered to, including raising any areas for concern with either Line Manager or Compliance
- Manage risk effectively by informing Line Manager of any incidents, \”near misses\” or exposures to our risk profile. Comply with all Servaada policies and report any risks concerns to Line Manager
- You will, from time to time, be required to undertake other activities that fall within your capabilities as directed by management
Qualifications and requirements
- Excellent attention to detail
- Excellent interpersonal and communication skills
- Ownership and accountability
- Excellent drive, with ability to work unsupervised and under own initiative
- Ability to work well under pressure and to tight deadlines
- Working knowledge of Excel
- Strong desire to learn and have holistic understanding of a process or issue
- A proactive and innovative approach to problem solving, applying logic and foresight to decision-making
- Desirable: Investment Operations Certificate (IOC) or equivalent industry recognised qualification
- Financial services experience
- Understanding of investments and investment products
- Reconciliation background
- CASS knowledge, in particular CASS 6 and 7 regulations
- Proven track record in concern for and adherence to regulatory requirements
Application and conduct
- Application of Individual Conduct Rules: Standard of conduct is reasonable under all circumstances relating to
- Must act with integrity
- Must act with due skill, care and diligence
- Must be open and cooperative with the FCA and other regulators
- Must pay due regard to the interests of customers and treat them fairly
- Must observe proper standards of market conduct
Equal Opportunity We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, caste, creed, religion, gender, marital status, age, ethnic and national origin, gender identity, gender expression, sexual orientation, political orientation, disability status, protected veteran status, or any other characteristic protected by law. Wipro is committed to creating an accessible, supportive, and inclusive workplace. Reasonable accommodation will be provided to all applicants including persons with disabilities, throughout the recruitment and selection process. Accommodations must be communicated in advance of the application, where possible, and will be reviewed on an individual basis. Wipro provides equal opportunities to all and values diversity. 2025 Wipro
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Recs and Banking Administrator employer: Wipro Technologies
Contact Detail:
Wipro Technologies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Recs and Banking Administrator
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Wipro or in similar roles. A friendly chat can open doors and give you insights that might just help you stand out.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of CASS regulations and reconciliation processes. Show us you know your stuff and can handle the pressure of tight deadlines!
✨Tip Number 3
Don’t forget to showcase your attention to detail during the interview. Bring examples of how you've successfully managed tasks under pressure and met SLAs or KPIs in previous roles.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're keen and ready to jump into the role with both feet.
We think you need these skills to ace Recs and Banking Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Recs and Banking Administrator role. Highlight your attention to detail and any relevant experience in financial services or reconciliation. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention your understanding of CASS regulations and your proactive approach to problem-solving.
Showcase Your Skills: Don’t forget to showcase your Excel skills and any relevant qualifications, like the Investment Operations Certificate. We love seeing candidates who are eager to learn and grow, so let us know how you’ve developed your skills in the past!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Wipro Technologies
✨Know Your Regulations
Familiarise yourself with CASS 6, 7, and 8 regulations. Being able to discuss these in detail will show that you understand the compliance landscape and are ready to contribute to the team's adherence to client money protection rules.
✨Showcase Your Attention to Detail
Prepare examples from your past experiences where your attention to detail made a significant impact. This role requires precision, so demonstrating your ability to spot discrepancies or errors will be crucial.
✨Demonstrate Problem-Solving Skills
Think of specific instances where you've tackled challenges effectively. The interviewers will want to see how you approach problem-solving, especially in high-pressure situations, so be ready to share your thought process.
✨Communicate Effectively
Practice articulating your thoughts clearly and concisely. Since this role involves liaising with third parties like fund managers and banks, strong interpersonal skills will be key. Make sure to highlight your communication strengths during the interview.