Job description

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  • Location:
    Leeds
  • Department:
    IWI Compliance Team
  • Division:
    IWI Compliance & Risk
  • Employment Type:
    Full time
  • Salary:
    Competitive

Detriment Analyst (6168)

We're one of the UK's leading investment management companies, with responsibility for over £40 billion of client assets. We've worked closely with clients and their trusted advisers for many years and gained a unique understanding of the specific needs of our clients.

Investec Wealth & Investment seeks to deliver exceptional levels of customer service and has been trusted to meet the needs of private investors for almost 200 years. But our eyes are focused on your future.

Right now we're a team of over 1400 dedicated professionals located across 14 sites in the UK. We're looking to strengthen our team and need you to come on board and make a difference.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Team Description 

Detriment Team is responsible the development, implementation and maintenance of the IW&I Detriment policies and practices.

Specific responsibilities include:

  • Engage with Operational Risk and Senior Management with other members of the Detriment Team on all matters relating to possible and actual detriment issues and wherever possible provide recommendations regarding mitigation within the business.
  • Ensure that detriment data is complete, accurate and timely.
  • Ensure that relevant regulatory requirements are evaluated and complied with.
  • Escalate detriment exposure to IW&I Senior Management and Operational Risk.
  • Prepare the relevant detriment logs and reports and distribute to the agreed departments/Teams within the business.
  • Support other members of the Detriment Team.

 

Description of role and key responsibilities

To assist and be pro-active with other members of the Detriment in all aspect of their role and to come up with recommendations by the Team that are designed to help reduce inherent risks and prevent/minimise IW&I losses through preventative steps or actions wherever possible.

Identify and keep separate record of potential Detriment cases.
Discuss strategy for unusual/difficult cases with Investment Risk and Operational Risk.
Attribute case number and record case details on Payment Sheet.
Open file in Detriment Cases and transfer relevant information to file. Constantly update files with any relevant information.
Liaise closely with IRM as to how cases are to be resolved and where necessary speak to IM's.
If required, write high-level Case Reports for senior management prior to escalation to the relevant Committee. Present case to Detriment Committee to gain consensus on outcome.
Assess BAU cases as to whether there is possible Detriment and if so pass to calculation team where refund of fees is involved.
Collect Risk Event Forms prior to payment.
Where necessary complete Detriment Form and send with Risk Event Form to Detriment Payments for payment.
Monitor when payments are made.
Once payments have been authorised upload onto Payment Sheet along with details of any return of fees/commission.
Attend regular Operational Risk meetings in order to update team on current status with outstanding cases.
Monitor all cases within Detriment team to ensure resolution in an orderly and timely fashion.

 

Core skills and knowledge

A good working knowledge of Microsoft Office (Excel, Word and PowerPoint)
A good understanding in all aspects of Investment Management.
Communication – ability to engage with a wide range of colleagues and articulately discuss / write report on various issue (verbal / written / presentation).

Attention to detail – to pick up on errors and produce accurate work, with strong analytical capability
Organised – work to multiple deadlines yet maintain flexibility through the workday
Strong interpersonal and relationship skills
To act with integrity at all times and embrace the philosophy of treating our customers fairly.

 

Any other attributes that would be helpful, but not essential for the role.

 


 
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Location
Leeds
3 Wellington Place, Leeds, United Kingdom, LS1 4AP
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Meet the recruiter

Jess Sheehan

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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