Reconciliation & Banking Administrator - Bath, United Kingdom - Wealthtime

Wealthtime
Wealthtime
Verified Company
Bath, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description

About us
At Wealthtime, we take pride in being a Multi-Award-Winning financial technology company, renowned for our 5-star service platform. Our shared purpose and core behaviours—Seek Opportunity, Nurture Each Other, and Simply Get Going—guide us on our journey.


With new ownership since 2021 and substantial investments of over £17m into the business, Wealthtime is on an exciting growth trajectory.

Join our team of around 300 dedicated employees and become part of a company that is making waves in the industry.


About the role
The Reconciliation & Banking Team works to ensure Wealthtime is adhering to client money protection rules.

The team undertake daily reconciliations of client money accounts, oversee funding from the Corporate accounts for shortfalls, and process payments off the platform.

Also includes completing checks on bank accounts and uploading payment files.


Key Responsibilities:

  • 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 &
  • 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 Wealthtime 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.


About you (what we're looking for)

Specialist Skills, Qualifications and Experience:

Essential:


  • Good 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.

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

Core Competencies:


  • Operational Excellence: Continually delivering and improving excellence for all clients and customers.
  • Client and

Customer Focus:
Add value to client/customer, adhere to Treating Customers Fairly principles, and operate as a true business partner.

  • Communication: Communicate clearly and concisely, tailoring content and style, with ability to make a positive impression on others.
  • Working with others: Working successfully with others and building a network of good relationships in order to achieve shared goals.
  • Performance Focus: Demonstrate energy and enthusiasm, takes ownership, delivers results and improves personal performance.

Rewards and Benefits:


  • Competitive salary.
  • Hybrid Working (split between home and office).
  • Discretionary bonus each year.
  • 34 days holiday per calendar year including bank holidays, with the option to purchase or sell up to 5 additional days per year.
  • Wellbeing day to use at your discretion such as a birthday, moving house, pamper day.
  • Supported and encouraged professional development.
  • Private Medical scheme (single cover that can be increased to FULL Family).
  • Income protection scheme.
  • Life assurance scheme.
  • Group contributory pension scheme.
  • Interest free season ticket loans for travel costs.
  • Wealthtime Foundation Day in support of charitable activities.
  • We encourage internal progression at Wealthtime, with many of our employees going on to become Team Leaders, Managers, Subject Matter Experts and many more.
  • We're proud of our company culture at Wealthtime. From rewards and incentives, remote team socials to fun quizzes, our friendly and welcoming teams at Wealthtime strive to make our office a great place to work.

Job Types:
Full-
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