Associate Officer, Fal Management

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s -build a braver future with us.

The Role

To provide custody and maintenance of all assets held within Funds at Lloyd’s on behalf of all members, ensuring Lloyd’s regulatory and trustee obligations are consistently met.

**Responsibilities**:

- Provide a high quality and efficient service in the handling of all Members’ affairs
- Ownership of the life cycle for all portfolio transfers to and from Funds at Lloyd’s by arranging settlement and registration of all acceptable asset classes, which includes: Unit Trusts, Equities, Bonds/Gilts, Life Policies, National Savings Certificates,Bank and Building Society Accounts, Bank Guarantees and Letters of Credit
- Ensuring all requests received for the deposit of additional funds, FAL re-arrangements including releases and substitutions are transferred, settled and registered in accordance with the instructions from the Member/Members Agent and/or validator and withinthe internal service standards and/or external market deadlines. To support the bi-annual Coming
- Into-Line process and bi-annual reporting to the PRA for Lloyd’s Ancillary Owned Funds.
- To communicate effectively with Members’ Agents, Stockbrokers, custodians, Investment Managers, Financial Institutions on operational matters concerning the transferring, settlement and registration of different asset classes.
- To maintain effective controls, ensuring accuracy and attention to detail whilst working to strict market deadlines and service standards
- Responsible for escalating all outstanding items/queries to the Team Manager for reporting purposes
- To build and maintain effective working relationships with all stakeholders ensuring a high level of satisfaction
- To ensure compliance with Lloyd’s Trustee obligations, financial crime and anti-money laundering legislation
- Health & Safety: Read, understand and adhere the Lloyd’s Health & Safety at Work Policy.
- Information Security: Read, understand and adhere to the Lloyd’s Information Security Policy.
- Business Continuity: Awareness of the Business Continuity Plan for their Department including response to alarms, meeting places and call cascades etc.
- Legal & Compliance: Adhere to the requirements of the Compliance Manual, Code of Conduct and relevant laws (e.g. Equal Opportunities, Data Protection etc).

**Skills**:

- Ability to react to continual changes in market conditions and policies
- Proven ability to build and maintain key stakeholder relationships
- Influencing & negotiating skills
- Ability to support a culture of continuous process improvement
- Review & evaluation skills
- Ability to interpret legal & regulatory advice and take appropriate practical actions

Knowledge
- Knowledge of the various asset classes acceptable as Funds at Lloyd’s, including Unit Trusts, Equities, Bonds/Gilts, Life Policies, National Savings Certificates, Bank and Building Society Accounts, Bank Guarantees and Letters of Credit
- Knowledge of business process and systems change tools and best practice principles
- Knowledge of relevant UK & International legal & regulatory requirements
- Knowledge of trust funds and the rules relating to membership of Lloyd’s
- Knowledge of Lloyd’s trustee obligations and regulatory reporting requirements
- Knowledge of stock market settlements for worldwide markets, including the process for re-registration, market rules & regulations and settlement deadlines.

Experience
- Experience of providing customer service in the Financial Sector
- Experience of working to multiple fixed deadlines
- Experience of working within the rules and regulations of Financial Crime, Anti-Money Laundering and CASS
- Experience and understanding of working within financial and operational risk
- Experience of stakeholder engagement