Associate - Control & Settlement

Found in: beBee S GB - 2 weeks ago

Tadworth, United Kingdom Fidelity International Limited Full time
About the Opportunity

Job Type: Permanent

Application Deadline: 26 April 2024

Title: Associate, Controls & Settlements

Department: Banking & Settlements

Location:
Kingswood

Reports To: Manager

Level : 2

We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you're part of something bigger.

Department Description

Banking & Settlements is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity's European based funds and Funds Network fund supermarket business. In addition, Banking & Settlements includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations.

The successful candidate, as a member of the Banking & Settlements team will be responsible for supporting the growth of the Banking & Settlements activities based. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities.

Job Overview

The Control & Settlement department is a part of the Banking & Settlements group. The department has a wide variety of different tasks which it undertakes, these include, being responsible for the investigation, settlement, and reconciliation of all non-standard onshore tax wrapped deals on a daily basis. Money movements between bank accounts, monitoring & Investigation of the cashbook & Ledgers, ISA/SIPP, JDE Keying, SIPP & BOND processing and Profit & Loss reporting. Items are received from other areas in the form of paper, e-mail and Xtrac work items. A level of communication with other business areas is necessary to ensure the prompt resolution of any queries.

Purpose of your role

This role of Associate is to support the Controls & Settlements team and ensure that appropriate client money regulations on customer assets are adhered to. He / She will work in close tandem with UK stakeholders and counterparts to ensure smooth functioning of the processes. The successful candidate will possess strong technical ability and excellent interpersonal skills in order to ensure a smooth, efficient operation. The role will involve driving Fidelity's customer driven service within the department, allowing Fidelity to retain business and attract new assets to the Company. The successful candidate will also support the Team Manager of the function in managing key deliverables of the department.

Key Responsibilities
Responsible for the daily investigation, reconciliation and settlement of all Onshore Special Dealing for GIA using information received from Deal Corrections and system generated reports. Be responsible for the ongoing investigation and clearance of outstanding items on ledgers to ensure that all items are cleared promptly Input JD Edwards keying generated within the department onto the One World System on a daily basis. Monitor and action items received via work hub queue on a daily basis. Processing of SIPP & Bond Payments to Standard Life. Investigation of exceptions & money movements between bank accounts. Monthly Profit & Loss reporting to Senior Management detailing operation P&L passed through the JD Edwards ledgers. Monitoring and recording of Deal Correction transaction from Sonata system on daily basis Investigation of exceptional dealing breaks in automated journey (On Sonata) and taking further action to resolve the same.
Other responsibilities include: -
To gain regulatory knowledge and ensure knowledge is maintained. To gain knowledge of the products & procedures within Fidelity and also within the Financial Market, and ensure knowledge is maintained and updated regularly. To gain subject matter expertise in C&S and represent the team in projects impacting C&S. To suggest process improvements and drive them in collaboration with the team lead and other team members.
Experience and Qualifications Required
B.Com or an equivalent bachelor's degree from a recognised university. 1-3 year previous experience in finance or related areas is desirable. Strong analytical skills with attention to detail. To be able to prioritise and organise effectively to ensure deadlines are met. Demonstrates a high level of commitment to improving customer service / processes internally. Excellent communication skills. Good computer skills with knowledge of MS Word, Excel and Power Point. Ability to remain highly motivated and focused towards the key measurements. Team player who is also self-motivated and can work independently. Adaptable to changing business needs - a team player with a flexible approach. Energetic & enthusiastic and a supportive and proactive team player. A good understanding of the FCA Client Money regulations will be an added advantage.
We are committed to be an inclusive and diverse company to work for and strive to create a culture where flexible working is encouraged so that we retain and attract the best talent by offering working patterns that suit both individual and business needs.

Feel rewarded

For starters, we'll offer you a comprehensive benefits package. We'll value your wellbeing and support your development. And we'll be as flexible as we can about where and when you work - finding a balance that works for all of us. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

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