Overview
Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities, underpinning our retirement and protection solutions.
Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. Asset Management is a critical driver of our Group strategy, collaborating with Institutional Retirement and Retail divisions to benefit our clients and customers and deliver enhanced shareholder returns. Our investment philosophy focuses on creating value over the long term and, where relevant to our clients, incorporating financially material sustainability criteria to drive positive change.
Job Description
We’re currently looking to hire a Senior Cash Management Specialist to join L&G Asset Management on a 12 month Fixed Term Contract.
What you’ll be doing
- Developing and improving a strong reconciliation oversight function, leveraging Data and MI
- Liaising daily with internal teams and external counterparties to address general cash-related queries
- Owning and resolving high-value, high-risk, and sensitive client breaks in an accurate and timely manner
- Overseeing the outsourced overdraft processes and improving overdraft monitoring to reduce overdrafts and associated costs, as well as managing interest claims for fails, overdrafts, and CSDR penalty fees
- Ensuring adherence to relevant guidelines and regulations, including ISITC, CSDR, and CASS
- Managing tasks end-to-end, investigating and resolving issues, and reporting inconsistencies as appropriate
- Reviewing processes to identify potential improvements, ensuring a well-controlled environment and a reduction in errors
- Supporting the team with resolving day-to-day operational issues and addressing anomalies to ensure elevated customer service and accurate transactions
Qualifications
- Proven cash management experience within either a lead or senior Middle Office or Operations role
- Familiar with an Outsource provider Operating Model
- Experience of challenging working practices and adaptability to change
- Proven ability to leverage AI tools to improve efficiency, automate tasks, enhance analysis, and deliver accurate, high-quality management reporting
- Custody/Nostro reconciliation experience
- Evidence of effective working relationships with stakeholders and excellent communication skills both verbally and written
- Understanding of relevant guidelines and regulations
- Knowledge of an Order Management system (e.g., Charles River) would be an advantage
Benefits
- The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
- Generous pension contribution
- Life assurance
- Healthcare Plan (permanent employees only)
- At least 25 days holiday, plus public holidays (26 days after 2 years’ service). There’s also the option to buy and sell holiday
- Competitive family leave
- Participation in our electric car scheme through salary sacrifice (permanent employees only)
- Discounts on our products and at a range of stores and online
- Modern, collaborative workspace designed with wellbeing in mind
Additional Information
At L&G, we believe it’s possible to generate positive returns today while helping to build a better future for all. We offer flexible working options including part-time, term-time, and job shares where possible.
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