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Client Money Reporting Senior Associate

Job Introduction

Daily responsibility for management companies accounts. Ensuring postings are booked correctly across the general ledger through to bank clearance. Performs FSA regulated Client Money calculations and monitors the Client Money accounts ensuring there are no breaches. Incumbent also ensures distributions are processed correctly and any discrepancies are fully investigated

Role Responsibility

Responsibilities of incumbent:

 

  • A daily reconciliation needs to be completed for the following Accounts for allocated management companies:

     

    Dealing Bank Accounts

    Client Money Accounts

    Client Money Gone Away Accounts

    Client Money Distribution Accounts  

     

  • Analyse and resolve all outstanding items.  Report investigation/ action required for those items either by team, sister departments, bank and Trustees, where appropriate and chase to completion.

  • Ensure Compliance to Client money regulations by performing and evidencing daily calculation and ensuring all receipts and payments are allocated on a daily basis.

  • Ensure work is accurate using effective narratives and allocation of responsibility for all outstanding reconciliation items to a standard suitable for reporting to clients and for internal statistical reporting

  • Ensuring DST meets client expectation in line with Service Level Agreements and quality.

  • Ensure all processes are completed using established procedures, which are controlled, monitored and documented.

  • Communicate effectively and work in co-operation with others in order to maximise teamwork and achieve intended results

     

    Key performance areas:

  • Completion of daily reports for review

  • Clear outstanding reconciliation items

  • Completion of accurate allocation of responsibility, weekly Statistical Reporting

  • SLA’s are adhered to

  • Correctly using documented processes and procedures

The Ideal Candidate

  • Basic keyboard skills to include awareness of MS Office packages. (Essential)
  • Good Verbal reasoning and numeric skills. (Essential)
  • Analytical and Investigative skills. (Essential)
  • Ability to work without close supervision. (Essential)
  • Experience in Financial Services Investment Industry. (Strongly Preferred)
  • Advanced Excel and Work Query (Desirable)
  • Experience of DST systems, FAST, FAST Recon, AWD, FSU/General Ledger Structure. (Desirable)

Package Description

  • Reference salary based on experience and in line with the ACE salary progression scheme
  • 20 Days holiday (increasing by 1 day for every year’s service up to a maximum of 25 days)
  • 6% non-contributory pension scheme
  • Life Assurance (4 x salary)
  • Single person healthcare
  • Flex benefits scheme

About the Company

DST is a leading provider of specialised technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalise on ever-changing customer, business, and regulatory requirements in the world's most demanding industries.

Headquartered in Kansa City, Missouri, USA, DST is a public company listed on the New York Stock Exchange (NYSE: DST), employing over 16,000 talented people globally.

In March 2017, DST acquired International Financial Data Services (IFDS) in the UK and Ireland; making DST a leading provider of investor and policyholder administrative services to the funds, insurance and wealth management industries.

DST employs ~5,000 people across 12 locations in the UK and Ireland

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