Reconciliation Executive
- Kiya.ai
- 0 - 1 years
- Chennai
- 2 months ago
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Job Description
Role & responsibilities
- Associate will be managing the daily operations/workflow within the business group and helps the Line Manager in achieving the process deliverables.
- Preferably accounting / commerce & financial management background.
- Candidate will be responsible for interacting with Line Managers and the clients needs to provide high quality of service to the internal/ external clients.
- Regular interaction with the Team Lead/ Assistant Manager of BAU reconciliation for improving the quality of reconciliation produced to business.
- Candidate should be able to articulate well and communicate well across all levels in the organization.
- Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
- Maintain Communication Channels with internal peer groups and business teams.
- Ensure to be updated with the procedure document and User Guides. Evaluate and update documented procedures to ensure they are complete, accurate and current.
- Accountable to follow the BCP / BIA documents
- Escalate unresolved open items to the Team lead / Assistant Manager.
- Understand the process risks and escalation of high-risk breaks to stakeholders for resolutions.
Preferred candidate profile
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
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.
- College Degree, preferably a Masters degree in Commerce or MBA (Finance)
- Strong verbal and written English skills required. Ability to converse clearly with internal and external staff.
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
- Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required.
- To be based in Chennai & Mumbai and prepared to travel if required.
- Must be prepared to work in any shift supporting business Requirements.
- Identify Operational Risk Areas within the Client Business Revenue Process.
Client Focus & Adaptability:
Client Focus:
- Be pro-active in developing customer relations by understanding and responding to customer needs.
- Strive continually for customer satisfaction and focus on Client Delight.
Adaptability:
- Always look for ways to improve services and processes
- Be able to adapt to different markets and different clients evolution
Integrity, trust & fairness
- Acts with integrity in all interactions with colleagues, team members and clients.
- Promises only what can be delivered, managing expectations and honors commitments, and, has committed to ethical practices in all interactions and relationships.
- Treats others fairly, showing respect and courtesy.
- Builds trust by responding openly, genuinely and consistently to others.
Job Classification
Industry: Investment Banking / Venture Capital / Private EquityFunctional Area / Department: BFSI, Investments & TradingRole Category: Investment Banking, Private Equity & VCRole: Investment Banking, Private Equity & VC - OtherEmployement Type: Full timeContact Details:
Company: Kiya.aiLocation(s): Chennai+ View Contact
Keyskills: Middle Office Reconciliation Swift Messaging MT940/950 MT535/536 Recon
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