Reconciliation Specialist
- Kiya.ai
- 1 - 3 years
- Chennai
- 8 months ago
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Job Description
Hiring for Reconciliation in one of our prestigious banking company .
Role : Reconciliation
Exp : 1-3 years
Notice Period : Immediate - 15 days
Job Location : Chennai
Work Mode: Hybrid
Interested candidates drop your resume to sa*********r@ki*a.ai
Direct Responsibilities
Primary Responsibilities
Handling the reconciliation process and related activities for Clearing and Custody Services/ Investment Fund Services/ Middle Office Position business respectively.
Identifying missing balance, trial balance, proof difference and resolving all variances to reach resolution in a timely manner.
Performing a range of daily, weekly, monthly & quarterly reconciliations across all the business lines.
Performing a range of daily, weekly, monthly & yearly controls to ensure feeds & related net transactions are in place
Providing user training as required, improving the understanding of the control aspects of Intellimatch within the business.
Investigating any open breaks and work with business team and any external parties for resolution.
Identifying the reconciliation deviation/ backlogs in terms of process and having the discussion with BAU Manager to execute the correction process via BAU team.
Escalate unresolved open items to the Team lead / Assistant Manager.
Should gain knowledge in various Swift Message Types, especially MT940/950 and MT535/536 and ensure to understand the details available in these messages.
Analyzing the details/ references received in MT940/950 and MT535/536 and liaise with correspondent banks and custodians in order to improve auto matching in Intellimatch.
Track and maintain all the issues arising in the process and adhere to proper escalation matrix for resolution.
Ensure all the process changes are discussed with team and tracked in the tracker appropriately.
Identify the possibilities and create various rules to increase the percentage for the automatic matching process in Intellimatch.
Responsible for the internal integrity of the automated reconciliation via Intellimatch..
Maintaining the static data in Intellimatch databases including new accounts set-ups, department setup, matching rules, and other static data.
Liaising with other departments to ensure aged breaks are properly commented with the current status and resolved in timely manner.
Handling all types of rejects batches and formatting the files as per the requirement of Intellimatch. Manual import of files via Recollector
Defining references in the lookup table to automate assignments and avoid discrepancies in Intellimatch.
Liaising with IT for any discrepancies or changes in the flat files received for import.
Maintain Communication Channels with internal peer groups, within GSO and with spoke locations.
Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
Primary Working Relationships
The Candidate will report to the Process Lead/Assistant Manager of the process.
Actively participate in all huddles and internal meetings.
The position interacts with other Process Associates, Mid Office Staff, Relationship Managers and Clients.
The position interacts with International Team Members of BNP Group.
Contributing Responsibilities
Working together with Lisbon, Mumbai & Chennai to achieve the vision of SSC.
Work closely with stakeholders to mutually enrich the quality of process and to encourage collaborative efforts in achieving client satisfaction.
Job Classification
Industry: Investment Banking / Venture Capital / Private EquityFunctional Area / Department: BFSI, Investments & TradingRole Category: BFSI, Investments & Trading - OtherRole: BFSI, Investments & Trading - OtherEmployement Type: Full timeContact Details:
Company: Kiya.aiLocation(s): Chennai
Keyskills: Reconciliation Fund Reconciliation Custody Transfer Swift Messaging Trade Processing
Kiya.ai
The Company is a specialist banking and financial industry IT solutions company with a decade of successful operations. We help creating new business models with our software products, solutions and specialized services. We are an ISO9001 and CMM Level 5 Company having a global foot print with opera...
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