Transaction Services Operations Specialist
5 days ago
Wealth Management in Melbourne offers an exciting 12-month contract role in Transaction Services operations. In the first year, you will focus on processing tasks, and then expand your skills to project work. The team provides essential support for managing cash payments, funding positions, settlements, and bookings across Wealth Management Businesses.
This key support role is perfect for someone with 2-4 years of experience in a wealth management operations, payments, or equity operations background. You should also have some knowledge of project work and be eager to take on more responsibilities.
Main Responsibilities:
- Timely and accurate payment processing and journal submissions
- Error-free submission of daily liquidity reports and payment reports
- Managing client cash payment requests and responding to advisors' inquiries on payments and journals
- Good understanding of client asset segregation rules and related regulatory requirements
- Additional ad-hoc project tasks as required by the Head of Transaction Services
You will thrive in this fast-paced environment if you have prior experience working in a relevant wealth management operations role. Although project management experience is not necessary, having some exposure to project work and interest in projects would be beneficial.
Required Skills and Qualifications:
- Ability to work efficiently in a dynamic environment with 2-3 years of experience in a relevant role
- Knowledgeable about domestic equity settlements or IRESS, which would be an advantage
- Tertiary qualification in Finance or Commerce is desirable
- Familiarity with financial markets, especially trading, would be highly regarded
- Understanding of regulatory rules and their application to the business
- Familiarity with legislation and regulations in the financial services industry (ASX rules, AML, KYC, FATCA, and CRS requirements) would be advantageous
The estimated salary for this position is around $80,000 - $110,000 per annum, depending on experience and qualifications. This role is perfect for someone looking to develop their skills in transaction services and contribute to a leading global wealth management firm.
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