Purpose:
Provide administrative support to the 7IM SIPP team, on-boarding, maintaining, and monitoring all administration of 7iM SIPP operations ensuring quality service and adherence to service levels. This will involve liaising with colleagues, internal and external clients and third parties. Requirements of the firm and the regulator must always be met.
Responsibilities:
• Process and checking all SIPP client on boarding. Checking all documentation before final submission to ensure it complies with 7IM and HMRC guidelines
• Set up and maintain client, portfolio and account data in 7IM and Pershing systems in an accurate and timely manner
• Ensuring all payrolls are processed in an accurate and timely manner
• Monitoring all benefit requests and maintaining sell and withdraws via internal systems and operation teams to ensure payroll is met
• Completing AML checks for new and existing clients – including KYC and bank account validation checks
• Process contribution payments into the SIPP and set up Direct Debits via GoCardless when required
• Managing account opening, taking benefit, contribution and other documentation with third party administrator to ensure SLA is met.
• Completing daily reconciliations and supporting reconciliation of all SIPP bank accounts
• Issuing all correspondence produced by third party administrator to clients.
• Responding to all client queries internally and externally.
• Efficiently and effectively answering telephone and email queries from intermediaries, escalating in a minority of cases as appropriate
• Ensure compliance with industry regulation – specifically MiFID II and AEOI legislation
• Liaise closely with front office and Transitions teams to ensure efficient completion of SIPP on boarding and SIPP transfers
• Error and complaints handling if required
• Completion of systems testing if required
• Own 7IM SIPP fee processes
• Update daily Management Information and any adhoc requests requested
• Identify new and make changes to all SIPP procedures – draft and discuss changes where necessary for approval
• Provide input into daily weekly calls with SIPP team and Third-Party administrator
Other:
• Provide clear and accurate reports to Line Manager relating to any data capture, missing information or management information requested
• Build good and lasting relationships with clients and third parties (internal and external). Understand their motivations
• Act promptly and professionally to resolve client (internal and external) and colleague enquiries or concerns
• Adhere to 7IM procedures and policies
• Other responsibilities as reasonably required by line manager