Reconciliation Associate

3 weeks ago

Bengaluru, India JPMorgan Chase Bank, N.A. Full time

**#ICBCareer**
**Role Description**

The Treasury Operations team has the responsibility for ensuring that the operations and settlement of business activities is carried out on a daily basis in line with JPMC and line of business policies and procedures. Individual members of the team are required to have a firm understanding of the products and information flows of the various systems, the reconciliation and substantiation tools and auditing standards. They should be analytical and have strong communication skills to coordinate the resolution of the transaction posting errors, breaks and reconciling items across various teams in the firm. The team must coordinate and collaborate extensively with finance, product owners, JPMC Ops teams and technology functions to fulfil their responsibilities.

The Treasury Operations team will also manage suspense accounts and clear the transactions in each of the Suspense accounts in line with JPMC accounting policies and standards. The team will discharge this responsibility by liaising with the banking operation teams and obtaining sufficient information on the cases to ensure that appropriate determinations are made.

Necessary payments outside the firm will also be completed by the Treasury Operations Team on a very secure level with the highest standards.
**Responsibilities:
- Treasury Operations specialist will be responsible for timely and accurate settlement of JP Morgan's settlement obligations. This will involve (but not limited to)
- Daily review of the reconciliations process, analysis of the reconciling items, investigation into the Firm's books and records to identify the resolution, initiate action to resolve the items and complete necessary documentation and communication of the outcome.
- Daily review of the sub-ledger reconciliations process, analysis of the reconciling items, investigation into the Firm's books and records to identify the resolution, initiate action to resolve the items, and complete necessary documentation and communication of the outcome.
- Daily review of the settlement files received from the agents against the Firm's books and records to substantiate the amounts against the agreed calculation mechanics and issue settlement instructions.
- Daily review of the feeds from the line of business to the banking platform for the booking of fees and charges to ensure the accounting is in line with the accounting schema agreed by the business.
- Production of necessary reports on a periodic as well as ad-hoc basis required by the regulatory requirements and for distribution to senior management.
- The reconciliation role is for a digital retail bank. Relevant experience and product knowledge of retail banking is required.
- Daily review and investigation of suspense accounts
- Fulfil payments on a daily basis to 3 rd parties, as needed.
- Responding to audit queries from external and internal auditors, providing necessary audit trail and documentation to support the work performed.
- Acting as a point of contact for Finance and Product teams
- Work on building new processes as diverse products are added on an on-going basis.
- Work on creating SMEs within the team to eliminate the risk of key man dependencies.

**Skills**:

- Relevant knowledge and experience, ideally in a back office, middle office, operations or similar function of a banking/financial services organisation for 8+ years.
- Knowledge and understanding of banking platforms, reconciliation tools, and systems
- Basic knowledge of accounting principles and processes
- Diverse product knowledge, with an ability to develop an understanding of new products
- Ability to work under considerable time pressure, whilst maintaining a high level of accuracy and quality
- Excellent communication and organisational skills
- Strong analytical skills to analyse the information, identify the problems, and work towards finding the solutions
- Ability to partner and influence across businesses and other support groups
- Control focus and mind-set at all times, whilst respectively challenging the status quo
- Attention to detail whilst being cognizant of materiality levels
- A relevant degree, accounting, or financial qualification would be beneficial

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any pro

  • Reconciliation Associate

    3 weeks ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    **Role Description** The Treasury Operations team has the responsibility for ensuring that the operations and settlement of business activities is carried out on a daily basis in line with JPMC and line of business policies and procedures. Individual members of the team are required to have a firm understanding of the products and information flows of the...

  • Reconciliation Associate

    7 days ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    The Treasury Operations team has the responsibility for ensuring that the operations and settlement of business activities is carried out on a daily basis in line with JPMC and line of business policies and procedures. Individual members of the team are required to have a firm understanding of the products and information flows of the various systems, the...

  • Reconciliation Associate II

    1 week ago

    Bengaluru, India StoneX Full time

    Overview Connecting clients to markets – and talent to opportunity with 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing...

  • Reconciliation Associate II

    2 days ago

    Bengaluru, India StoneX Full time

    Overview Connecting clients to markets – and talent to opportunity with 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing...

  • Treasury Reconciliation Associate

    7 days ago

    Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    **Global Finance & Business Management ("GF&BM") India **is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan's global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked...

  • Svp - Global Delivery, Reconciliation

    4 weeks ago

    Bengaluru, Karnataka, India State Street Full time

    Who we are looking for Global Delivery is a critical part of the business operations at State Street. We have around 23,000 staff various locations around the world including our key hubs in EMEA, APAC and North America and our global hubs in Hangzhou, China, Krakow and Gdansk in Poland and Bangalore, Hyderabad and Mumbai in India. Functionally, we are the...

  • Associate - Rc&o

    7 days ago

    Bengaluru, India Fidelity International Full time

    About the Opportunity **Job Type**: Permanent Application Deadline: 17 August 2023 **Job Description**: Title: Associate - Bank Reconciliations Department: India Banking Reconciliation and Control Reports To: Assistant Manager Level : 1 We’re proud to have been helping our clients build better financial futures for over 50 years. How have we...

  • Associate/associate 1 - Csa

    4 weeks ago

    Bengaluru, India BNP Paribas Full time

    ASSOCIATE/ASSOCIATE 1 - CSA (JOB NUMBER: BNP023202) **About BNP Paribas Group**: BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking...

  • Financial Control Associate

    7 days ago

    Bengaluru, India NatWest Group Full time

    Our people work differently depending on their jobs and needs. From home working to job sharing, visit the remote and flexible working page on our website to find out more. This role is based in India and as such all normal working days must be carried out in India. Join us as a Financial Control Associate - Hone your skills as you provide control of our...

  • Finance Associate

    4 days ago

    Bengaluru, India NSRCEL Full time

    Position: Finance AssociateReporting: Finance ManagerWho we areNSRCEL is the start-up incubator of IIM Bangalore. Over 585+ ventures have gone through the Incubation Programme and another 1300+ ventures have taken our Launchpad Program. NSRCEL is deeply committed to mobilizing the entrepreneurship ecosystem in the country to foster innovation and economic...

  • Finance Associate

    4 days ago

    Bengaluru, India NSRCEL Full time

    Position: Finance Associate Reporting: Finance Manager Who we are NSRCEL is the start-up incubator of IIM Bangalore. Over 585+ ventures have gone through the Incubation Programme and another 1300+ ventures have taken our Launchpad Program. NSRCEL is deeply committed to mobilizing the entrepreneurship ecosystem in the country to foster innovation and...

  • Finance Associate

    5 days ago

    Bengaluru, India NSRCEL Full time

    Position: Finance AssociateReporting: Finance ManagerWho we areNSRCEL is the start-up incubator of IIM Bangalore. Over 585+ ventures have gone through the Incubation Programme and another 1300+ ventures have taken our Launchpad Program. NSRCEL is deeply committed to mobilizing the entrepreneurship ecosystem in the country to foster innovation and economic...

  • Gl Process Associate

    4 days ago

    Bengaluru, India Musquare Technologies Full time

    **Cab : Only Post 10 pm logouts cabs will be provided (One way)** **Position: Process Associate (General Ledger)** **Experience: 1 - 3yrs (Excluding article ship)** **Job Location: Bangalore (Work from Office )** **Shift Time: 3 PM to 12 AM sometimes need to extend till 3AM during peak period.** **Notice Period: Immediate** **JOB DETAILS**: - General...

  • Process Associate

    4 weeks ago

    Bengaluru, Karnataka, India Advent Global Solutions Full time

    **Position**: Jr Process Associate - A1 **Total Experience**:Fresher **Shift Time**: 3:00 PM to 12:00AM **Job Mode**: Bangalore ( WFO ) **No of Positions**: 1 **Notice period**: Immediate joiner. **Mandatory Skills**: General Ledger, reconciliation, ready to learn, good accounting knowledge and analytical skills. - General Ledger accounting with...

  • Core Treasury Associate

    4 weeks ago

    Bengaluru, Karnataka, India NatWest Group Full time

    Join us as a Core Treasury AssociateWe're looking for a Core Treasury Associate to support the delivery and integrity of monthly statutory and regulatory informationYour daily responsibilities will include month-end ledger close and the reconciliation of various BS and profit and loss itemsThis is your opportunity to take on a new career challenge in a truly...

  • Process Associate- R2r

    4 weeks ago

    Bengaluru, Karnataka, India Inspiration Manpower Full time

    Gender Preference Both Number Of Vacancy 10 Industry Area IT/BPO Key Skills Record to Report, General ledger, Bank Reconciliation, Inter Company Reconciliation, Fixed Assets, Accrual, Month End Close, Month End Reporting, Profit and loss Qualification Any Graduate Salary (Per Annum) 4 LPA Work Experience 1-5 Years Job Requirement Process Associate - Record...

  • (Apply in 3 Minutes) Finance Associate

    3 days ago

    Bengaluru, India NSRCEL Full time

    Position: Finance AssociateReporting: Finance ManagerWho we areNSRCEL is the start-up incubator of IIM Bangalore. Over 585+ ventures have gone through the Incubation Programme and another 1300+ ventures have taken our Launchpad Program. NSRCEL is deeply committed to mobilizing the entrepreneurship ecosystem in the country to foster innovation and economic...

  • Jr Process Associate

    4 weeks ago

    Bengaluru, India Musquare Technologies Full time

    **Position: Jr General Ledger Process Associate** **Experience: Fresher** **Job Location: Bangalore (Work from Office )** **Shift Time: 3 PM to 12 AM** **Notice Period: Immediate** **Job Requisition** - General Ledger accounting with substantial focus on Month end close activity. - Checking the Balance sheet and Profit/ Loss for the accuracy (preparing...

  • Associate, Expense Ap

    6 days ago

    Bengaluru, India Hudson's Bay Company Full time

    **What This Position is All About** - Associate, Expense AP is responsible for the management of service delivery by the HBC India team in support of the company’s Accounts Payable process for the processing of Expense invoices. This includes invoice receipts, approval and processing, as well as identifying and solving any issues requiring solutions to...

  • Associate - Middle Office

    4 weeks ago

    Bengaluru, Karnataka, India LRI Invest Full time

    Description Associate - Middle Office PUNE, BANGALORE Reporting The position reports to AVP - Middle Office Key duties and responsibilities - Planning, scheduling and managing the daily workflows of all client deliverables within the team. - Responsible to review/prepare the Middle Office Reconciliations on a daily/Monthly basis. - Prepare...