Operations Analyst, Seccl
Reconciliations
£28-35k
+ Octopus Share Incentive Plan
The embedded investment platform
Posted today
The embedded investment platform
101-200 employees
Posted today
£28-35k
+ Octopus Share Incentive Plan
101-200 employees
Company mission
Seccl is the Octopus-owned embedded investment platform that’s helping more people to invest – and invest well.
Role
Who you are
- You have proven understanding of either, or both, custody asset and client money reconciliations and the CASS regulations covering these
- You have a good understanding of investment platform operations in a retail client proposition, including basic knowledge of trade lifecycle, corporate actions & client money payment standards
- You have the ability to work well under pressure, in an organised manner with the ability to multi-task and switch priorities
- You have strong analytical and problem solving abilities with an eye for identifying opportunities for inefficiencies and automation
- You have excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels and work across diverse operational teams
- You are technically minded. Knowledge of, and desire to learn low/no code tools. Strong Excel skills are essential. Knowledge of Looker and MS Power Platform is desirable
- You have an understanding of relevant regulatory standards and industry best practice
- If this sounds like your kind of thing, we encourage you to apply even if you don’t tick every box. We’d love to hear from you!
What the job involves
- We’re looking for an Operations analyst to join our Reconciliations team at Seccl, reporting to the Operations delivery lead. The Reconciliations team are responsible for ensuring the accuracy of our stock and cash records for the 230,000+ clients currently on the platform
- Each day, we ensure those records match those held with banks, Fund Managers and CREST, alongside a suite of processes to identify, and quickly resolve, any discrepancies
- As an Operations analyst you will work closely with other analysts, reporting to the Operations delivery lead, to ensure all CASS Reconciliations and processes are carried out in line with FCA requirements, supporting the team in doing so
- You will proactively identify issues, or potential issues, and liaise across Operational teams to both resolves these, and prevent reoccurrence
- Ensuring all daily, weekly and monthly stock & cash reconciliations, and any supplementary processes, are delivered accurately and on time
- Maintaining the daily break management system, ensuring accurate and clear explanations for operational teams to undertake resolution, and producing clear MI of any outstanding items and their age
- Helping identify any systemic issues, and their root causes, and aiding operational teams to resolve these
- Producing the monthly FCA Client Money & Asset Return (CMAR) for submission to CASSCo for approval
- Producing monthly CASS MI on reconciliation completion, and any outstanding reconciliation breaks
- Identifying and proposing solutions for Reconciliation process improvements to deliver a more scalable & robust proposition
- Liaising across Operations, Engineering & Compliance to coordinate issue resolution
Application process
- Interviewing is a two-way thing, and we want you to have the time and opportunity to get to know us, as much as we are getting to know you. Our interviews are conversational, so come with questions and be curious. In general, you can expect the interview process to look a bit like this, (following an initial chat with one of our Talent team):
- First stage – 45 mins competencies-based interview with the hiring manager
- Second stage – one hour technical interview or assessment
- ⏳ We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out and you should expect to hear back from us within one to two weeks of applying
Our take
Seccl is an embedded investment platform revolutionising how companies offer investment services. With its API-first technology infrastructure, it helps financial professionals and businesses launch and manage investment platforms easily. By simplifying old, clunky processes, Seccl gives firms the tools they need to offer customers a seamless, digital investing experience - whether it's for financial advisers, neobanks, or fast-growing startups.
Since being acquired by Octopus in 2019, Seccl has seen impressive growth. Now supporting over 1 million investors, it manages more than £6 billion in funds through its platform. With this, Seccl is well on track to power even more businesses, and as it continues to grow, its mission to disrupt the industry with smarter, scalable solutions is only growing in momentum.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Flexible/hybrid working: We don’t prescribe when or how many days you come into the office. It’s what you deliver that’s important
- Events and socials: Twice-yearly all-company offsites, regular team socials and plenty of non-work activities – from gigs to sporting activities – to get stuck into
- Private medical: Access GP and other health and dental appointments work through private medical insurance
- Focus on mental health: Your wellbeing is more important than work. We offer free and confidential access to therapy if you need it
- Long-service award: A month’s fully-paid sabbatical when you’ve worked here for eight years (we’re part of Octopus, after all)
- The usual stuff: 27 days’ holiday (plus religious holidays and your birthday), Cycle2Work scheme and workplace pension
Company values
- Never settle
- Take ownership
- Be generous and candid
Company HQ
Holborn, London, UK
Articles
Leadership
David Ferguson
(Executive Chairman)Joined Seccl in 2022 as CEO. Before that, they spent 15 years as the CEO of Nucleus Financial Group.
Jonathan Dees
(CEO)Previously COO of Octopus Investments and ZPG. Before that, they were Interim CFO at the Fairtrade Foundation.
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