Transaction Services Operations Specialist

3 weeks ago


Melbourne, Victoria, Australia Anton Murray Consulting Full time

The role is situated within a leading global wealth management firm in Melbourne. This contract position will provide assistance to the Transaction Services operations team for an initial 12-month period. Following this, the position will evolve to incorporate project work in addition to processing duties. The team is responsible for managing key functionalities, including cash payments, funding positions, settlements, and bookings across Wealth Management Businesses. As a key support role in a fast-paced environment, the ideal candidate will have the opportunity to cross-train on other functions and participate in projects. To be successful in this role, candidates should possess around 2-4 years of experience in a wealth management operations, payments, or equity operations role, with some exposure to project work and an interest in projects, such as project support or coordination. Key responsibilities include timely and accurate processing of payments and journals, error-free submission of daily liquidity reports and payments reports, daily management of client cash payments requests, and addressing advisors' enquiries on payments and journals. Additionally, the role requires a good understanding of client asset segregation rules and related regulatory requirements. The ideal candidate will also possess project management experience, although this is not mandatory. Knowledge of domestic equity settlements or IRESS is a significant plus. In terms of qualifications, a desirable tertiary qualification in Finance or Commerce is preferred. Furthermore, experience in financial markets, particularly exposure to trading, is highly regarded. A solid understanding of regulatory rules and their application to the business, as well as an understanding of various legislation and regulations within the financial services industry, such as ASX rules, AML, KYC, FATCA, and CRS requirements, is also essential.



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