client administrator
13 the last 360 days, recently 2023-09-20
Responsibility
- the Role
- all activities must be completed according to documented procedures and within regulatory and internally prescribed deadlines
- adding new assets and fund managers to the Transact platform
Show more +32 - reconciling custody asset holdings to external records kept by registrars/fund administrators
- continuously ensure all assets are suitable for distribution to our client database in line with regulatory and business requirements
- communicating with third parties to obtain statements and transaction information
- ongoing asset reviews to ensure continued wrapper compliance
- identifying and escalating asset discrepancies with the relevant internal departments
- an opportunity has arisen to join the Custody Asset Income team as a Client Money & Asset Administrator. This is a great opportunity to be a specialist within our wider Corporate and Client accounting department
- maintenance of applicable static asset data in order to ensure ongoing accuracy
- documenting and monitoring progress of the resolution of asset discrepancies
- the Client Accounting Department’s overarching responsibility is to safeguard client money and assets held by Transact for clients by ensuring the money and assets are recorded and reconciled accurately to enable the firm at any time to distinguish client money and assets held for one client from client money and assets held for any other client
- calculating the value of custody asset shortfalls to segregate in the client money account
- producing accurate management information
- the Asset Income team are responsible for accurately processing client income, including dividend and interest distributions, fee rebates and interest. Activities also include chasing all expected income and investigating queries that may arise
- person Specification
- managing workloads to ensure all tasks are completed within deadlines
- ensuring all processes are performed as set out in CASS compliant written procedures
- strong knowledge of the CASS rules is crucial as well as experience of liaising with clients, fund managers or platforms
- adding new assets and fund managers to the Transact platform.??????? ???????
- you should have a good understanding of regulations such as MiFID II and PRIIPS and how they impact our business
- providing support to other teams in the department when required
- analysis and interpretation of the terms and characteristics of corporate actions, leading to an accurate written summary which can be passed to another team within the business for independent review and consideration
- ensuring all automated and manual asset price feeds, both daily and to other frequencies, are accurate and complete and that any anomalies are investigated and resolved expediently
- good communication skills are essential as you will be required to build and maintain relationships with both internal and external stakeholders
- A good understanding of regulations such as MiFID II and PRIIPS, how they impact our business and responsibility for ensuring that associated asset data stored is accurate and up to date
- we are looking for someone who has between 2 and 5 years experience, from a platform or asset management background with experience of Corporate Actions and/or asset onboarding
- tracking client asset income received versus expected frequency, and following up any asset income that has not been paid at the expected frequency
- previous experience using CREST and Bloomberg would also be advantageous
- awareness of CASS 6/7/8 and any other regulations that are relevant to the core processes in the Client Accounting Department
- being aware of, and making reference to, the CASS 6 and 7 regulations that govern many of the activities of the Client Accounting Department
- investigation and timely resolution of unidentified and unallocated payments received, within prescribed CASS 7 deadlines
- ensuring a smooth transfer process on and off the platform
- rotations through other teams within the Client Accounting Department, both routinely and at times where teams are experiencing an increase in volumes
- ensuring procedures and process maps are updated when processes change, and reviewed at least quarterly. Ensuring procedures and process maps are relevant and accurate
high salary - 41% higher than the average in this position
Earnings for position client administrator
client administrator - How much money do you make working at this position?
Average salary at company TRANSACT is 2750£.
The national average salary is 2000£.
1300 £
Lowest
Lowest
2150 £
Average
Average
3000 £
Highest
Highest
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