Fees & Retrocessions Team Member recruitment
Reporting directly to the Team Lead of the Fee Retrocessions Team Lead, your responsibilities will include:
• Management of the generation and posting of Fees across client accounts
• Dealing with queries from the Front Office Client Advisors and ultimately clients themselves on all aspects of Fees
• Check accuracy of retrocession calculations provided from third party fund managers and validate against accruals.
• Clawing back unclaimed revenues booked on the London Platform in readiness for RDR
• Liaise with Zurich to update retrocession rates on Global Agreement funds in line with any adjustments to co-operation agreements
• Allocation of structured product retrocession payments to the relevant Client Advisor
• Awareness of Monthly Risk Controls and overall responsibility for the risk framework for the team
• Responsible for the production of robust MI to shape the pricing policy of the business
• Contributing to training and Competence sessions to ensure the Fee process procedures are correctly understood and followed
Description of the Relationships
You will be required to build appropriate relationships with:
• Front Office Client Advisors Client Advisor Assistants
• COO (Operations) functions
• Account Opening Maintenance
• Finance
• Taxation
• Control Quality Management
Requirements:
• Ability to work independently without supervision
• Experience within a Wealth Management or Asset management environment
• Effective management and escalation of issues
• Strong knowledge of the Retrocession Process
Additional requirements:
• Strong communication skills
• Track record in putting the client first
• Process orientated and attention to detail
• IT Literate
Functional / Technical:
Professional Behaviour - demonstrating full understanding of professional, ethical and legal standards
Good knowledge of Operations, Client Static Data and Documentation, and Risk Management High level of internal and external client service
Understanding and Knowledge of Regulatory / Compliance requirements and internal UBS policies.
Product Process Knowledge - having detailed knowledge of core products and/or processes.
WM UK Operations Process Systems
UBS can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual.
We can offer you an exciting, fast-paced working environment, a culture of mutual respect and teamwork and the opportunity to play a vital role in our growth. If you are attracted to joining an organization where every individual's contribution counts and where your talent will impact on our future, please apply for this position. It starts with you.
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.