2024 Wealth Management Trainee

Investment20/20 Trainee Job Description

Schroders 2024 Wealth Management Trainee Programme
Salary £25,000 pa (12-month fixed term contract)

Who we’re looking for

Schroders’ trainee programme is your chance to gain a year of hands-on, paid work experience. If you’ve just finished your A-levels or your BTECs then this programme provides you with a chance to explore the world of work.

Although you may have never heard of Cazenove Capital (the Wealth Management and charity arm of Schroders) before visiting our website, this traineeship could be for you because key to the purpose of the programme is to teach you about what, why and how, we conduct our business.

As a trainee, you will receive ongoing training designed to enhance your development, where you will have the chance to improve your skills and finesse your technical knowledge. We will support you to take the Investment Foundation Certificate, which is a professional industry qualification and you’ll be paid competitively for this role.

• Please note we do not accept graduates or individuals currently studying towards a degree

About Schroders

Schroders is a global investment manager which helps institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

Our purpose is to provide excellent investment performance to our clients through active management. By serving clients, we serve wider society. Channelling capital into sustainable and durable businesses accelerates positive change in the world. Funding the future is a privilege: we use it wisely and responsibly.

We employ over 5700 talented people worldwide operating in 37 different locations across Europe, the Americas, Asia, Africa and the Middle East, close to the markets in which we invest and close to our clients.

Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.

About Schroders Wealth (Cazenove Capital)

Cazenove Capital is the Wealth Management and charity investment arm of Schroders. We are responsible for £78.3 billion assets under management globally. Our clients include high net worth individuals, trusts, family offices, charities and their advisers who are able to benefit from the deep resources of a global asset management firm and a FTSE 100 listed company.

Our founding family still has a significant stake in the business, which means we understand the value of long term relationships. Our expertise has looked after the interest of entrepreneurs, professional, families and charities across the globe for more than 200 years.

Investment20/20

You will join as a trainee as part of the Investment20/20 programme, you will have opportunities to meet and network with trainees across the industry and participate in training, socials and insight events.

The Team - The Wealth Management team

We provide a full range of services including discretionary asset management, custody and execution services, cash management, financial planning, deposit-taking and specialised lending.

We have a broad investment service offering, giving us the ability to offer clients a truly tailored service including the ability to offer Private Asset portfolios. Sustainability is at the heart of our investment approach and is an area in which we have had dedicated expertise for over 20 years.

What you’ll do

You will spend your 12-month programme on rotation across the following Wealth Management departments:

• Middle Office – Operations

You will spend some time working in the engine room of the Wealth Management business. The main objective will be to gain a good overview of the Middle Office functions to include, Cash Operations, Client Static Data, Digital Applications Support, Product Management & Performance. This will be achieved through time spent with a dedicated team for day to day work together with allocated sessions with individual teams.

• Wealth Management – Compliance & Legal

You will help with the day to day completion of Client suitability reviews and will learn about the controls and processes to analyse cash transactions for any suspicious activity (including size and frequency). This will include screening names to ensure that the firm’s clients are not subject to sanctions controls or freezing orders.

• Wealth Management – Client Facing

You will work with one of our client facing teams: Private Clients, Charities, Family Office Services, or Business Owners and Entrepreneurs and will gain a valuable insight into how Cazenove looks after its clients. Your rotation will provide a deeper insight into our investment process and give you a greater understanding of markets and portfolio construction. Day to day tasks will include: portfolio management, reporting and preparation for client meetings.

• Middle Office – Account opening team

You will work with our specialist account opening teams who handle all the logistics of onboarding new clients and opening accounts for them. You will learn about the documentation required to open a new account, meeting not only stringent regulatory requirements, but our own detailed questions to ensure that we are meeting our clients’ needs in the most appropriate way. During your rotation, you will learn about the importance of prioritisation and the need for attention to detail.

The knowledge, experience and qualifications you need

• You must be 18 years old by 2 September to apply for the 2024 intake
• You must have gained A-levels (or equivalent) in any subjects – no minimum UCAS point required
• You must not be enrolled on another funded apprenticeship or another funded further education or higher education programme at the time you start your new apprenticeship
• Not expect funding for a repeated qualification
• Those undertaking a level 3 or higher apprenticeship must achieve a level 2 in both English and maths (i.e. a GSCE grade A* to C (or 9 to 4)) or equivalent

The knowledge, experience and qualifications that will help

• A flexible approach and willing to get involved in variety of tasks and projects
• Attention to detail and accuracy
• A work hard ethos and a can do attitude
• A thirst to learn and a willingness to contribute to the team

What you’ll be like

• You’ll be an enthusiastic self-starter who is eager to learn more about our industry and our business.
• A team player with a pro-active approach to getting things done, you’ll love a challenge and are keen to work in an exciting, fast paced environment.

Recruitment process

1. Online application form and CV

2. Online assessments

3. Online video interview

4. Assessment centre

Please note we recruit on a rolling basis so recommend you apply early.

Please only apply for one school leaver role (either an apprenticeship or trainee role). As you go through the recruitment process, you may be considered for similar roles.

We're looking for the best, whoever they are

Diversity is at the heart of our culture. We strive to ensure inclusion at every level, to ensure that our actions match our words, and that our culture of belonging defines how we do business. We are an equal opportunities employer. You're welcome here whatever your socio-economic background, race, sex, gender identity, sexual orientation, religious belief, age or disability.

If you think you may require disability-related adjustments at any stage of the recruitment process, please contact adjustments@employ-ability.org.uk our disability partner EmployAbility (employ-ability.org.uk) for a confidential discussion and advice.

Start date: 2nd of September 2024