Reconciliations Analyst

Reconciliations Analyst

Job Responsibilities

• Reconciling and resolving cash & trade exceptions, working with counterparties and other business areas
• Liaison with trades and funds teams for reconciliation issues
• Ensure all breaks are investigated and tracked daily
• Liaison with Static Data teams for product set-up issues
• Reconciling and resolving trading exceptions and out of balances, working with counterparties and other business areas
• Working as part of a team to meet daily deadlines.
• Ensure that all correct control procedures are adhered to and a full audit trail is recorded and maintained at all times.
• Escalation of potential risk and exposure on a timely basis.
• Ensure appropriate prioritisation of daily work efforts and management of capacity and workloads.
• Opportunity to develop a specialist role within a new and expanding team.
• Exposure to external agents counterparties and service providers.
• Development of relationships within Merrill Lynch at senior levels
• On going development of system architecture and client service requirements involving the development of project management skills.

Knowledge/Experience:

• Experience in a Middle and/or Back Office environment
• A good understanding of Equities, Fixed Income and funds products
• Reconciliation investigations experience
• Solid background and knowledge of automated reconciliations
• Strong product knowledge and understanding of wealth/asset management and custody business.
• Practical experience of all stages of the trade life cycle.
• MIS experience

Desirable Skills:

• Ability to define, articulate and manage process improvements and business requirements.
• Show a high level of commitment, professional work ethic and appreciation of diversity.
• Self-motivated and able to use own initiative
• Ability to investigate non-standard exception based queries this included cash breaks, stock breaks and out of balances.
• Ability to work under pressure and multi-task.
• Demonstrate the ability to independently troubleshoot and resolve problems that arise
• Sound understanding of operational risk and controls.
• Good spoken and written communication skills.
• Computer literate and numerate

Qualifications:

• Threshold competent (together with passes in IAQ exams would be advantageous)

Competencies

• The incumbent should be a positive and resourceful individual.
• They will be expected to be self-motivated and have a pro-active approach to problem resolution & can do
• Must possess the ability to successfully react to workload changes.
• The role will involve dealing with different levels internally and externally requiring excellent written and verbal communication skills.
• Support may be required for other functions of the London Middle Office department requiring a team approach in a team environment.
• Must possess the ability to work well under pressure, be able to manage tight deadlines and situations where conflicting priorities arise on a daily basis.
• Client focus & service ethics

The Ajilon Consultant Model is a dedicated business unit within Ajilon, part of the Adecco Group. Here, Ajilon employs you as a Consultant on a permanent basis. This allows you to gain the benefits and of the flexibility to work and gain experience on a number of programmes while being rewarded with all the benefits expected of permanent positions and more including career progression.