Associate, Reconciliation Representative I
2 months ago
Overview
Associate Reconciliation I
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Associate Reconciliation I to join our Reconciliation center of excellence team. This role is located in Chennai, Tamil Nadu - HYBRID/Office.
**In this role, you’ll make an impact in the following ways**:
Hedge Funds’ client Reconciliation.
Should have understanding about aged break and capable of doing the investigation to identify the breaks,
Capable of completing the assigned task independently.
Should be good team player and flexible to adopt the business requirements.
**To be successful in this role, we’re seeking the following**:
Reconciliation - M2Leads a medium to large team responsible for small-scale projects with activities that include daily reconciliations, identifying system issues and making adjustments correctly.
Supports the development of procedures and processes for the Reconciliation function within the business unit. Resolves complex or serious issues escalated by the team.Supports the implementation of new system enhancements.
Participates in the development of new enhancements and initiatives.
Leverages a complete understanding of tools to identify complex breaks. Synthesizes and analyzes team reporting of daily, weekly and monthly suspense and depository reconciliations. Leads regulatory reporting for medium to large sized team.
Partners with supervisors and managers of other groups in the firm to assess issues and strategize improvements.
Supports the implementation of new technology solutions or improvements for new and existing business needs.
Monitors and reviews feedback to ensure new solutions are meeting business needs. Recruits, directs, motivates and develops staff, maximizing their individual contributions, their professional growth and their ability to function effectively with their colleagues as a team. Supervises a medium to large team of Reconciliation staff.Contributes to the achievement of team objectives.Bachelors degree or the equivalent combination of education and experience in business management or related field is required.
5-8 years of total work experience with at least 0-1 years in management preferred. Experience in brokerage/banking operations/ reconciliation processes preferred. Applicable local/regional licenses or certifications as required by the business.
Good understanding of Investment banking Reconciliation
Should have knowledge in cash, Position, Futures and CFD Reconciliation
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
**Best Places to Work for Disability Inclusion, Disability**: IN - 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023
**Our Benefits and Rewards**:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
**Employer Description**:
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