Assistant Manager - Reconciliation
Location: Bangalore / Chennai
Department: Fund Services
Vacancy Type: Permanent
Shift Timings: 7pm - 4am
The position:
The team is responsible to perform reconciliation and resolution services to one of our new clients. Post the implementation, the team would be responsible for daily/Monthly/Quarterly deliverables committed to the client. The team would be involved in communicating with the street entities, fetching the correct files for performing reconciliations and resolution of breaks. The team would also be involved in automation of street file fetching, setting up of reconciliation in the recon tool and automation of file loading and reconciliation. As the client is a multi-billion-dollar investment company and has diversified the investments across financial products, the team should have knowledge of OTC and listed products and good client facing skills.
Roles & Responsibilities:
- Ensure / perform daily, monthly, cash, position, and trade recon.
- Involved in resolution of breaks – liaison with fund, counterparties, & Prime Brokers.
- Ensure error free and timely daily support/ deliverables.
- Good knowledge of Bloomberg, Corporate Action, Pricing.
- Liaison with internal and external customers for information
- Exposure to Hedge Funds will be an added advantage.
- Should have a understanding on the working mechanism of products and settlements, trade processing etc.
- Comfortable with various reconciliations covering position, cash, trade PNL etc.
- Generating periodic reports on unresolved breaks with ageing of the same, pricing using various vendor sources, corporate actions, etc.
- Exposure to various instruments such as equity, derivatives, fixed income instruments, treasury instruments, debt, FX, etc.
- Experience in handling large volume operations, stringent deliverables, ensuring deliverables are met within SLA’s.
- Top oral, written communication and influencing skills.
- Understanding of accounting related to trades / accrual is a plus.
Working knowledge of Geneva and Investran is plus
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You’re Profile:
- Any Postgraduate in Commerce / Finance domain
- 8-10 years’ experience in cash, Position reconciliation and resolutions from Capital Market / IB Industries
- Experience in working across country lines and operating in a global, multinational organization
- Excellent verbal and written communication in English.
- Quickly assimilate contingency plans during crises or major outages.
- Be delivery oriented, used to meeting strict deadlines, while producing quality work.
- Timely closure of issues, concerns, problems, and risks.
- Manage multiple priorities and cope with ambiguity.
- Possess good sense of urgency and ability to respond to urgent requests and crisis
