Reconciliations and Reporting Manager

Brown Shipley, London, GBR, EC2R 7HE
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Purpose of the Job

The successful candidate will work in Brown Shipley's newly refurbished office based in the City of London, leading the recently formed Reconciliations and Reporting Team within the Operations department.

Key Accountabilities

• Implement and maintain a schedule of all client facing and regulatory reports, providing close oversight of quality controls, key deadlines and regular management information.
• Manage the team’s day to day activities, ensuring that all business criteria in terms of internal/external client service, quality, timescales and cost are met.
• Monitor the CASS Governance Framework and Resolution Pack to ensure these are kept fully up to date and in line with any regulatory updates. The delegated responsibility for CASS oversight will mean this role is a Certified Role under the SMCR, and that you will be subject to the PRA / FCA Individual Conduct Rules
• Keep up to date with current UK tax legislation affecting client assets held to ensure the correct tax treatment and reporting for Brown Shipley clients and provide oversight of the outsourced provider used for Brown Shipley’s CGT service.
• Ensure all regulatory deadlines and requirements are met for all reports produced by the team.
• Maintain and develop policies and procedures to cover all team activities.
• Collaborate with internal and external reviews and audits to ensure positive outcomes and actions.
• Work with outsourced service providers in particular Quintet, Lombard Odier and KAWC to ensure services are provided in line with KPIs and SLAs.
• Lead the recruitment, training and development of the team, ensuring that appraisals are carried out as required and that appropriate training and development plans are in place for each team member. Comply with all other HR requirements with regard to absence and disciplinary procedures.
• Local Operational Risk Manager (LORM), to act as principal contact point for all Operational Risk issues in Reconciliations and Reporting.
• To be able to act as the Deputy for the Head of Operations, deputising where necessary in meetings and in liaison with Executive Management. Working closely with and supporting the Head of Operations in the daily management of the Operations function.

Knowledge and Experience

Ideal candidate will have significant experience working in an investment management/wealth management environment, preferably within a leadership capability.
In depth knowledge of UK tax on investments and instruments, especially with regard to CGT and Income tax for tax year end reporting.
In depth knowledge of CASS rules and regulations, especially with regard to oversight of the control framework and Resolution Pack.
Good understanding of trading and the concept of Best Execution and Timeliness monitoring. Will need to own Order Execution Policy and propose any redress in line with relevant policies.
Good understanding of MIFIR reporting requirements, providing oversight of daily reports and producing regular MI.
Good understanding of documentation and reporting required for USQI, FATCA and CRS.
Experience of developing and maintaining policies, procedures and relevant Governance Framework.
Has ideally managed a team of people covering multiple disciplines.
Is well used to balancing and juggling an ever-changing list of priorities, plans a demanding workload and is clinical with time management.
A thorough understanding of the general risks involved in reconciliations and reporting –
A sound understanding of the Risk and Control Self-assessment RCSA) process including the design of effective controls to help manage and mitigate risks.

Attributes and Qualities

Ability to manage competing deadlines and ensure regulatory deadlines are always met
Service driven
Proactive attitude, able to prioritize tasks and work in a virtual team environment
Highly motivated and driven, has high standards, attention to detail and is empathetic to clients, colleagues and business stakeholders
Ability to challenge status quo, present ideas, position new approaches to the business
Desire to collaborate across functions and all geographies
Strong and effective written/verbal communication skills

Technical Skills

Knowledge of UK tax on investments and instruments; Knowledge and understanding of CASS regulations; regulatory understanding of Best Execution monitoring and Transaction Reporting; understanding of FATCA/CRS/USQI requirements, oversight of outsourced arrangements.

Languages Skills

Fluent in English and any other European languages would be an advantage

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