Role description
Reconciliation Junior Analyst
Overview of Role/Principle Responsibilities:
Working 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. 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.
Key Responsibilities:
- 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;
- 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:
- Will be required to undertake comprehensive training and development opportunities related to Operations.
- Prior experience in reconciliations / investment accounting preferred;
- Strong and proven investigations skills preferred (liaising with internal & external parties);
- Familiar with equities, fixed income and derivative products desired; and
- Proficient in basic software including MS Excel.
- Wider experience in Asset Management and understanding of the end-to-end asset lifecycle;
- Understanding of operational risks and control frameworks; and
- Prior experience of Aladdin and Tri-Optima.
- Good at analysing and solving problem with a strong handle on operational risk;
- Effective in managing your own time with ability to prioritise tasks appropriately;
- Open to feedback, receptive to change, challenges status quo and continually looks out for team and self- improvement opportunities;
- 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; and
- Able to adapt to changes quickly and be an advocator of an innovative culture within the team.
- Discharge of responsibilities
- The role holder shall ensure that all their responsibilities are performed to the highest levels of integrity, quality and transparency and in a manner most likely to promote the success of the Company, taking into account the interests of key stakeholders including clients, employees, regulators, suppliers and society as a whole. In discharging their responsibilities the individual shall establish appropriate oversight and control structures for all areas under their control where needed.
- Conduct Rules Rule
- 1: You must act with integrity Rule
- 2: You must act with due skill, care and diligence Rule
- 3: You must be open and cooperative with the FCA, PRA and any other regulators Rule
- 4: You must pay due regard to the interests of customers and treat them fairly Rule
- 5: You must observe proper standards of market conduct
Skills
business process outsourcing,reconciliation,investigation management,teamcenter administration,
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.
