Role description
Reconciliations Team Lead
Overview of Role/Principle Responsibilities:
- Reconciliation subject matter experts within the Reconciliations team in ensuring the integrity of custody and cash position data is maintained within our internal systems through our daily reconciliation processes.
- Ensure the complete reconciliation, investigation and allocation of all breaks are completed within set SLA’s and deadlines.
- As a lead specialist the role holder will be able to handle the most complex issues throughout their lifecycle working with a number of operational teams as required until resolved.
- The role holder will thrive in a fast-paced environment with an emphasis on meeting tight deadlines.
- A strong interest in learning and harnessing technology will help you with your role in the organisation. Act as a mentor and escalation point for the team’s Specialists to support them on a daily basis.
- Key Responsibilities:
- Has supervisory responsibility for a number of specific processes or people in the team on a day-to-day basis, ensuring the team meets its timelines and produces high quality outputs. Will escalate to their managers when required.
- Collate daily, weekly and monthly MI reports, ensuring timely distribution to stakeholders;
- Accountable for allocated portfolios, proactive investigation and timely follow up of queries arising from internal stakeholders, clients, counterparties, custodians and administrators;
- Perform custody transaction and position reconciliation against internal records;
- Maintain ownership of daily cash and stock breaks by conducting investigation on differences, and monitoring through timely resolution with processing teams and custodians/administrators;
- Perform outstanding OTC bilateral collateral and outstanding position reconciliation, outstanding fixed deposit positions, between internal and counterparty records and monitor through breaks resolution in a timely manner;
- Validate and update internal records with relevant transactions, such as fees and income;
- Work through high volumes, prioritise, and manage workload according to risk or deadlines; Escalate potential problems before they become a risk;
- Meet all deadlines and ensure procedures and controls are fully implemented;
- Assist Manager to review and update procedures, implement improvements and enforce stringent controls;
- Be the first point of escalation for specialist on BAU matters;
- Escalate potential problems before they become a risk;
- Assist in the training of staff;
- Meet the needs of our business partners and internal clients; and Assist in the training of staff; and § Provide specialist product knowledge; contribute to department and Company initiatives and projects. Skills and Behaviours Required :
- Prior experience in reconciliations / investment accounting;
- Familiar with equities, fixed income and derivative products desired;
- Proficient in basic software including Excel;
- Strong understanding of operational risks and control frameworks; and
- Numerical skills and the ability to monitor and produce high quality MIS, and naturally perform root cause analysis.
- Asset Management qualifications i.e. IOC or IMC;
- Wider experience in Asset Management and understanding of the end to end asset lifecycle; and
- Prior experience of Aladdin and Tri-Optima.
- An expert in your field and a strong mentor to the team's Specialists;
- Good at analysing and solving problems with a strong handle on operational risk;
- Effective in managing your own time with ability to prioritise tasks and delegate appropriately;
- Open to feedback, receptive to change, challenges status quo and continually looks out for team and self-improvement opportunities on self and on the team;
- Excellent communicator with strong interpersonal skills; § A strong team player able to develop and manage strong working relationships with global internal departments and external counterparties;
- Able to adapt to changes quickly and be an advocator of an innovative culture within the team.
Skills
Microsoft Excel, Investment Accounting, Fixed Income
About UST
UST is a global digital transformation solutions provider. For more than 20 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people and led by purpose, UST partners with their clients from design to operation. With deep domain expertise and a future-proof philosophy, UST embeds innovation and agility into their clients’ organizations. With over 30,000 employees in 30 countries, UST builds for boundless impact—touching billions of lives in the process.
