Close Brothers Group

  • Central London / West End
The Business Processing team is part of the London Operations Department and is responsible for asset transfers into and out of CBAM’s custody for new and closing clients and for internal transfers of holdings arising from client or Fund Manager requests. The role will require regular interaction with Fund Managers, market counterparties and other Operations teams that are involved in maintaining client account data and records



KEY RESPONSIBILITIES




Analysis of implications on operational processes of regulatory changes or business Transfer in and out of equities, fixed income and collectives held in CBAM’s CREST account, in CBAM’s nominee or held with sub-custodians
Transfer of stock and cash for ISA portfolios
Internal transfers of holdings arising from changes to client status (eg. receipt of tax documentation, trust distributions, deceased, spouse to spouse transfers)
Processing of ISA subscriptions requested by Fund Managers
Processing of payment requests received from SIPP and offshore bond providers
Calculation of initial fees arising from client contributions to their accounts
Opening and distribution of CBAM post
Coordination of actions arising from deceased client procedures




REGULATORY RESPONSIBILITIES



Demonstrate an understanding of and compliance with regulatory framework relevant to the role, whilst practising effective risk management taking account of outcomes for clients.