Reconciliation Controls

4 weeks ago


Mumbai, India Riverforest Connections Private Limited Full time

Roles &Responsibility

Has theresponsibility make sure positions are in line & guarantee thatpositions in booking systems are correct. Is the reference forposition validation for P&L Process & IT teams formigrations or rebooking & at any time for trade support frontoffice & back office Team is in charge of position controls& uses all the reconciliations tools available. Thereconciliation is exhaustive & done on a daily basis. Assignedreports must be checked & analyzed every day.

Primary responsibilities of the team is:

1. To perform trade validation for all daily Cash Equitiesbooking and facilitate the downstream feeding forSettlement

2. To perform as an independentcontrol team to strengthen all the control within Global MarketOperations

3. To monitor HK traders short sellposition and highlight positions accurately to ensure its funded intimely manner to avoid financial losses

4.Perform Control reports and activities identifying tradingviolations on restricted currencies and Technical counterpartiesactivities

5. To perform daytoday trade &position reconciliation and analyze all the breaks arisen from therelated reconciliation reports to ensure proper control and measurethe associated risks on all outstanding breaks. The team worksclosely with other Trade Support teams and Trading to ensure timelycommunication for any breaks identified. Main drivers are clientservice quality independent control operational risk safety andcost efficiency.

Accountable for endtoendtransaction management lifecycle for their respective clientcoverage. Trade capture settlement exceptions and cash management.Classification :

Confidential Collaborate withvarious internal teams such as trade processing prematchingsettlement and margin to process transactions and resolve anyexceptions on a timely manner. Respond and resolve client inquirieson a timely manner. Perform root cause analysis for respectiveclients in order to increase straight through processflows.

Establish and maintain relationships withhigh profile hedge fund clients. Work as part of the global teamperforming follow the sun hand offs to ensure a smooth globalcoverage for global clients. Partner with account management teamsto help on changing client behaviours where required to smotherprocesses. Collaborate with technology/support team to helpidentify internal and external facing technology improvementopportunities.

Deep understanding of UK clientasset protection (CASS) and AMF custody rules (derived from MiFID).Contribute in all control plan protocols according to the localoperational risk policies. The resource will be allocated to one ofthe areas of operation highlevel described below although to becrosstrained endtoend at one point of his/hermandate.

reconciliations,presettlements



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