Summary
This is a great opportunity to start in the financial services sector as a paraplanner, with a practice with more than 15 years of experience.
Wage
£20,000 a year
Dependent upon the strength of skill set of the candidate plus level of experience and qualifications: Starting salary £20,000 - £24,000 per annum
Training course
Paraplanner (level 4)
Hours
Monday - Friday, 9.00am - 5.00pm (1 hour lunch)
35 hours a week
Possible start date
Monday 28 April
Duration
2 years
Positions available
1
Work
As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.
What you’ll do at work
* Administrative support to the practice financial advisers and ensuring the efficient operation of investment processes
* This role involves various tasks related to portfolio management, client services, and record-keeping
* Drafting reports and paraplanning from basic annual review letters to portfolio fund switches, to more complex cases as training progresses
* Attention to detail is key
* Being able to work under pressure and to tight deadlines is key
* Teamwork with the acumen and mental maturity to think outside the box; request help from the appropriate channels is also key to both practice support and personal development
Key Responsibilities:
Portfolio Administration:
* Maintain accurate records of investment transactions
* Monitor portfolio positions and rebalance upon request using our fund switch platforms
Compliance and Regulation:
* Ensure adherence to all relevant investment regulations and compliance standards, this includes GDPR, and client confidentiality
* Assist in the preparation of regulatory filings and reporting
Generating client reports in line with Consumer duty and in house compliance regulations:
* Annual review reports
* Investment reports
* Replacement reports which require analytical processes
* Collating information from existing providers to build a case for final recommendations
Research and Analysis:
* Conduct research on investment products at hand and requesting necessary information
* Assist in data analysis and critical yield analysis in due time
Where you’ll work
Catalyst House
720 Centennial Court, Centennial Avenue, Elstree
Borehamwood
Herts
WD6 3SY
Training
An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.
College or training organisation
SKILLS EDGE TRAINING LTD
Your training course
Paraplanner (level 4)
Equal to higher national certificate (HNC)
Course contents
* Quality service delivery: Consistently develops and delivers excellent service to customers, colleagues & advisers, supporting the products & services provided and adhering to TCF principles at all times. Has excellent attention to detail & provides a quality assurance check for the adviser firm.
* Customer communication & relationships: Develops effective and enduring relationships with customers & key contacts through effective verbal/written/IT skills. Can handle & resolve issues. Can write reports that includes the necessary technical language but articulates in a way that client’s understand.
* Team working & collaboration: Understands role within team & impact on others. Consistently endeavours to support colleagues & collaborate to achieve results.
* Planning & prioritising: Demonstrates relevant level of skills to be able to provide thorough research & analysis. Can plan & prioritise work effectively in order to deliver good outcomes for both the customer & the business.
* Using systems & processes: Consistently adheres to systems & processes using proficient IT skills, including risk, regulatory and governance requirements.
Your training plan
Apprentices will achieve the Level 4 Paraplanner Apprenticeship Standard:
* Develop the knowledge, skills and behaviours of successful Paraplanners
* Free CII membership for non-members through the CII Aspire Apprenticeship Programme for those who have not been a paid member before
* Includes digital study book and exam entry for each CII exam
The Certificate in Paraplanning includes:
* R01 Financial Services, Regulation and Ethics
* CF1 can be delivered instead of R01, depending on circumstances
* R02 Investment Principles and Risk
* R03 Personal Taxation
* J09 Paraplanning
* Fortnightly workshops for each R0 exam
* All workshops recorded and available on-demand
* Interactive chat, forums and class note books for real time support and assistance from experienced financial services professionals
* Additional resources through RM Advance
* Regular tutorials and assessments from an experienced financial services professional
Requirements
Desirable qualifications
Degree in:
* Finance/Economics/Business Administration (grade Bachelor Degree)
Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.
Skills
* Communication skills
* IT skills
* Attention to detail
* Organisation skills
* Knowledge of compliance rgltn
* Working collaboratively
* Willingness to learn
Other requirements
Other skills required: • Collating information from existing providers to build a case for final recommendations. • Experience within IFA practice is a plus although not essential Qualifications required: • Prior knowledge of investment products, and the financial markets is a plus. Personal Qualities • Strong analytical and problem-solving abilities. • Positive minded with the ability to work independently and within a team. • Strong Numerical skills • Strong report writing skills with high attention to detail and grammar. • Enthusiastic and eager to learn • Fast paced but with high attention to detail as need to constantly meet regulatory deadlines The job will require working in an office environment, regular use of a computer, and sometimes extended hours during peak practice activity such as Tax Year End. Your responsibilities may variably change during the Apprenticeship Programme, as the practice grows. A background check, and references from previous employers or lecturers/teachers will be required. You may be required to take Aptitude tests during the interview process. Pay scale: Will rise with advancing experience, an upon achieving CII qualifications (R01, R02 etc) to add value to the practice, the team, and Financial Advisor support.