About Servaada, a Wipro company:
Servaada is Wipro's UK entity, authorised by the FCA (the UK financial services regulator) to undertake regulated activities on behalf of its clients, as an outsourced service provider.
Two fixed-term contracts are available: one for 6 months and another for 12 months, offering work experience within a team.
The Reconciliation & Banking Team works to ensure Servaada is adhering to client money protection rules. The team undertake daily reconciliations of client money accounts, oversee funding from the Corporate accounts for shortfalls, and process payments off the platform. Also includes completing checks on bank accounts and uploading payment files.
Daily internal and external client money reconciliations & investigation
Internal and external custody reconciliations & investigation
Regulatory returns & claims
Liaison with third parties such as fund managers and banks
Nominee and investment manager payment processing
Cheque processing and banking
Achieve departmental service level agreements (SLAs) and key performance indicators (KPIs)
Support the business software infrastructure with user acceptance testing and disaster recovery cycles
Achieve and actively maintain your skills and knowledge to adhere to the Training and Competence standards
Meet all Financial Conduct Authority regulations, particularly CASS 6, 7 & 8
Manage risk effectively by informing Line Manager of any incidents, “near misses” or exposures to our risk profile. Comply with all Servaada policies and report any risks concerns to Line Manager
Working knowledge of Excel
Investment Operations Certificate (IOC) or equivalent industry recognised qualification
Financial services experience
Understanding of investments and investment products
Reconciliation background
Proven track record in concern for and adherence to regulatory requirements
Servaada is an advocate for positive change and conscious inclusion. As a global employer, we strive to create a diverse Wipro family by remaining committed to the development of our culture, diversity, equality, and inclusion in the workplace.