Phoenix Group
Cash Management Specialist, RS&AM
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Here at Standard Life, we guide millions of people through some of life’s biggest decisions. We’re searching for a Cash Management Specialist who shares our commitment to putting customers first, aiming high and working together to join the Cash Management & Oversight team.
Job Type: Permanent
Location: This role could be based from either our Telford or Birmingham offices with time spent working from home and from the office (3 days) with travel expected between offices.
Flexible working: All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about flexible working here. https://www.standardlifeplc.com/careers/flexible-working
Salary and benefits: From £43,200 (subject to experience) plus discretionary bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we?
We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.
The Team
Cash Management & Oversight is a key function within RS&AM. It has wide ranging accountability ensuring operational control of investment activities, supporting the Group and AM governance framework, and delivery of investment reporting. The team lead activities across the Phoenix custodial and operational account universe for policyholder, shareholder, ERIP and Operational bank accounts. Responsible for the execution of payments, by Chaps and BACS, and ensuring that there is sufficient liquidity for trades to settle. Providing operational support to our internal Asset Management & middle office, while providing oversight of 3rd party Custodial & Investment Management relationships.
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The role
The Cash Management Specialist role is for an SME in overseeing and optimising cash management activities within the organisation. You will challenge and determine new processes and procedures, and support business queries and engage in a consistently changing environment. You will help lead in ensuring the team effectively monitors cash balances and funding instructions and support a large amount of change within the team including new systems, new fund managers, new custodians, new fund launches and asset transfers.
This may also include leading on the following Group activity:
- Daily 'Sweep' of Shareholder cash balances into (Blackrock / ASI) liquidity products.
- Funding of AM Private Debt transactions
- Funding of Group dividends
- Interfund Settlements / NPF Drawdowns
- Liquidity Fund / Cash Exposure Management
- Shareholder Overdraft Management
- Managing shortfalls / surpluses within Treasury accounts
- Execution of 3rd party payments
Key responsibilities
- Support end‑to‑end daily cash management activities, including cash projections, liquidity monitoring, and payment/trade processing across custodian systems.
- Act as a subject matter expert for cash‑related business queries, proactively challenging data, resolving issues, and addressing root causes with internal teams and third‑party providers.
- Oversee and optimise cash management activities, including daily cash balance reporting and analysis of third‑party managed processes.
- Drive continuous improvement and change, contributing to the design, build and testing of new processes, systems, fund launches, asset transfers and onboarding of new fund managers.
- Ensure strong risk and control standards through adherence to procedures, identification of control improvements, and ownership of procedure documentation.
- Support planning, coordination and delivery of team outputs, including training design and delivery.
- Provide oversight of team activities, including weekly planning, allocation of responsibilities and acting as a key escalation point.
- Lead stakeholder, client and vendor engagement to support effective delivery and relationship management.
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What are we looking for?
- Experience in Custodian / Investment Operations industry.
- Demonstrated knowledge of trade lifecycles, FX, MMD, Bond settlements, Funding.
- Proven ability to effectively producing process maps / documentation for review.
- Previous cash management experience, either within an asset management or life insurance organisation.
- Proficient in inputting and processing payments on custodian systems or equivalent and experience approving large volume / value instructions for execution.
- Experience of operating and improving new or existing processes.
We want to hire the whole version of you.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
We’re reviewing applications as they come in, so apply early to avoid missing out.
Find out more about working at Standard Life
- Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates [https://standardlifeplc.pagetiger.com/guideforcandidates/guideforcandidates]
- Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us [http://www.standardlifeplc.com/careers/talk-to-us]
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