Reconciliation - Senior Associate

Position Purpose

We are looking for dedicated individual to join our team as a Team Leader within the Product Control space. Below are few responsibilities which are to be complied by individual.

The group has multiple teams within the Product Control umbrella of which Position Management is a stream which also involves reconciliations. The incumbent will join the current team and will help create stability and allow for the growth of the teams in India.

Responsibilities

The responsibilities of the role include

1. To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.

2. Perform Control reports & published to stakeholders

3. Effectively communicating insights and plans to cross-functional teams and management.

4. Gathering critical information from meetings with various stakeholders and producing useful results/reports.
5. Working closely with SMEs, change and governance, technology and operational leads to drive the changes.
6. Prioritizing initiatives based on business needs and requirements.
7. Conduct Governance calls covering Aged/high value exceptions & get appropriate timelines for resolution
8. Identify any potential items which could expose team to Audit findings & proactively remediate
9. Identify risk & work towards risk mitigation

The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

Direct Responsibilities

Position guarantee

Senior Associate has the responsibility to make sure positions are in line & guarantee that positions in booking systems are correct.

Team is in charge of position controls & uses all the reconciliations tools available.

The reconciliation is exhaustive & is done on a daily basis.

Assigned reports must be checked & analyzed every day & all exceptions to be reported escalated as appropriate

Break Analysis

Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correction.

Providing a complete, detailed & pertinent analysis to let the trade support, Settlements, CA & other teams involved immediately do the appropriate action/correction.

Tasks embedded to fulfill those objectives

There are different level of reconciliation performed by the team at Trade, Position & Cashflow level.

Make sure all the exceptions are investigated same day & reported to respective teams involved in the chain to make required correction in tool

Reconciliations Improvements -

Senior Associate is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.

Making the reconciliation tools evolve to fulfill with production needs --> new systems, new products, and specific request from trade support.

Extending the global area of reconciliations in order to reduce operational risk where applicable.

Implementing/enhancing reconciliation tools to fit with trade support, Settlements, CA & other teams needs.

Transversal involvement -

Is in charge of all reconciliation assigned & is indeed involved in the process

Ensure all the Reconciliation process in place are performed efficiently & effectively in a timely manner.

Take Initiatives, communicate with BO & other PCA sites on the enhancement & development of new Reconciliation processes

Completion of ORUS on Daily basis

Technical & Behavioral Competencies

Technical Knowledge

• MBA from a reputed business school will be an added advantage
• Strong Preference to have MS and programming skills (VBA, Alteryx, Python) would be a significant plus.
• Good understanding of trade life cycle with experience into reconciliations, trade capture/settlements will be preferred

Skills and competencies

• Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
• Ability to influence:Influence stakeholders and work closely with them to determine acceptable solutions.
• Time management :Excellent planning, organizational and time management skills
• Attention to detail:Escalate in timely manner, highlight any abnormalities
• Innovation and initiatives (Think outside the box):Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
• Self-discipline & autonomy:Have a constant delivery on time mindset, on the daily production.
• Adaptability & Change Management:Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constant changing environment

Specific Qualifications (if required)

• Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
• Technical knowledge would be an added advantage within Automation tools such as Alteryx, UI Path, Python, etc
• 2-8 years of relevant experience.