Job description

Reconciliation Analyst

Location: London, UK

Salary: £200 - 250 per year

Posted: 06 December 2018

Working hours: Full Time

Close date: 06 January 2019

Employer: MW recruitment

Our client is a leading bank based in London, an opportunity has arisen for a reconciliation Analyst on a 3 month contract.
Key responsibilities for this role will include day to day execution of the operational functions related to Cash and Stock Reconciliation activity
Duties will include: · Daily investigation and reconciliation of cash and stock breaks assigned to Trade Support team · Provide comments on items assigned as to the status on resolving breaks
· Ensure all items have a Reason code applied to them in the reconciliation system
· Review unapplied funds email to see if there are any funds that should be applied to the Trade Support team
· Have an in-depth understanding of Multi Currency Nostro Cash accounts
· Understand system flow and data source for each reconciliation
· Monitor the aging of breaks and assist to resolve and/or escalate
· Match offsetting items in reconciliation systems
· Create and implement process improvements
· Create MI/MI Dashboard around aging breaks that are outstanding
· Create break categories and identify auto matching rules that can be implemented into the reconciliations system
Regulatory Knowledge as applicable to role (compulsory)
The ideal candidate will have:
· Experienced working on cash and stock reconciliations
· Strong Nostro/Vostro knowledge
· Ability to understand the big picture i.e. upstream/downstream impact of reconciliations
Technical knowledge: on Financial product (Equites, Fixed Income, Currency, Derivatives) experience desirable
Please note candidate must have experience in a similar role in financial services