Financial Analyst- Reconciliations Jobs

Skills:

Nostro breaks

Cash reconciliation

Trade settlement

Swift message

Cash breaks

Swaps, bond forward, equity options

TLM

Post trade analysis

Reconciliation JD:

· The Settlements analyst to Affirm / confirm cash settlement for executed deals with the various counterparties

· Transmit cash instructions to custodians, administrators and other relevant third parties

· Liaison with custodians, administrators, counterparties, Middle Office and Trade Documentation teams to resolve affirmation / confirmation discrepancies and / or settlement failures

· Supporting multiple regions i.e., Toronto, London, Ireland, New York, and Asia Pacific for various business lines including FX, Derivative Products, Security Settlements, Money Market, Collateral, Futures, Lending Services and Finance

· The candidate will also work with IT and management to improve systems and processes with a view to constantly improving controls and efficiency

· The associate should be enthusiastic, dynamic, flexible, client service orientated and focused on control, accuracy and maximizing efficiency

Responsibilities

· Timely and accurate reconciliation of the Bank’s cash accounts held at other Banks and internal Inter Branch Accounts in strict compliance with Bank standards and regulatory requirements

· Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

· Maintain and exchange static data and settlement instructions for all legal entities

· Perform upfront/ termination/ and exercise fee settlement and reset and roll calculations for relevant OTC deals as required

· Promptly identify, track and settle all outgoing and incoming payments

· Analyze the breaks triggered due to booking issues, settlement issues and resolve in quicker manner

· Monitor the data feed for position reconciliation, identify the gaps, perform root cause analysis, and update the relevant stakeholder for faster resolution.

Skills / Requirements

· Investment Operational experience in OTC Derivative products, preferably with experience in a Trade Settlements and reconciliation for equity derivatives, commodities, credit, futures, and foreign exchange (FX) products.

· Drafting, Confirmations, Affirmations, Settlements and or Middle office exposure.

· Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities

· Experience with Microsoft Office, TLM, BESS, PEGA

· 2+ years of work experience in the above listed products.

Education and Experience

· Bachelor’s degree in Finance, Accounting or related discipline. M.com, MBA in finance or accounting preferred

· 1-3 years of Reconciliation and Accounting Background Experience

· Ability to understand business language and translate into technical terminology