About the position
JOB PURPOSE
To effectively and accurately perform the reconciliations process for complex Cash, Position and Data recons, and manage the exceptions queue by conducting and following through on investigations and escalating any queries when required to ensure all item entries are matched and breaks are timeously resolved.
JOB FUNCTIONS
Essential Functions
Compare flows for high volume and / or complex manual recons and mark up any unmatched items to identify breaks that need to be investigated and resolved.
Complete required checks and match complex item breaks that have been resolved to ensure the recons process is complete and the item drops off to the resolved batch.
Conduct an in-depth investigation and root cause analysis of all required item breaks to understand underlying causes and identify key stakeholders to assist in resolving unmatched items.
Conduct an investigation of all complex item breaks to understand underlying causes and identify key stakeholders to assist in resolving unmatched items.
Continuously develop and build on an intermediate understanding of the trade life cycle (from entry to exit) including roles and responsibilities, relevant recon systems (e.g. Intellimatch, Murex Core, MS Office), and expected outputs that informs the recons process to understand and identify root causes within the recons value chain.
Continuously stay abreast of the various product, asset class and trade instruments, as well as intermediate recon knowledge on procedures, risks, systems and processes to effectively and accurately perform complex recons, conduct investigations, and interact with key stakeholder.
Coordinate regular meetings and liaise with relevant teams and stakeholders (internal and external) when required to query complex item breaks and provide insights on the root cause to effectively escalate issues and resolve item breaks.
Critically evaluate processes, procedures and systems during the recons process to identify opportunities for improvement and enhancement ensuring the function performs in an optimal and efficient manner.
Execute the 4-eye principle by checking and validating partially matched item breaks, and update comments of complex recon breaks that cannot be immediately resolved to partially match items that are awaiting further action.
Explore potential source input, identify and analyse key source input, key matching and risk criteria to inform the design of reconciliations for new products or improvement of existing reconciliations.
Gather and / or extract all required data and information from relevant sources to effectively and accurately prepare complex recons for automated / manual matching.
Provide training and on the job guidance to new team members to build capability and enhance skills to perform day-to-day operation duties.
Raise any incidents that have been identified during the root cause analysis by preparing required reports to ensure the all incidents are investigated and root causes appropriately addressed.
Review and validate large mark-ups and match complex item breaks that have many- to-one matching but do not require any investigation / root cause analysis to quickly resolve the exception and enable the item to drop off the outstanding batch.
Review automated reporting to effectively highlight and manage key recon breaks based n aging and value.
Stay abreast of the regulatory environment in which CIB and GMO / SBGS operates, and adhere to all relevant policies, processes, procedures, regulations and work instructions, to ensure that work is carried out in a consistent and standard manner, risk is mitigated, and relevant regulatory requirements are fulfilled.
Track and monitor complex item breaks and update comments on relevant systems ensuring all working instructions and escalation procedures are followed to ensure the item break is timeously resolved and escalated when required.
QUALIFICATIONS
Education
Diploma Finance and Accounting
Preferred
Work Experience
Experience
Experience Details
Required/
Preferred
3-4 years Relevant recons knowledge and experience of local and foreign markets with a broad understanding of systems, processes and procedures to perform recons. Knowledge and understanding of the trade lifecycle and relevant exposure within Trade Support and / or settlements. Exposure to working within an operations and processing type environment. Knowledge and practical experience with using relevant MS Office programmes and systems including Intellimatch.
Required
Total number of years' experience
3 years
Behavioural Competencies - Essential
Behavioural Competency
Description
Adopting Practical Approaches
Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense.
Articulating Information
Is articulate in giving presentations; is eloquent and explains things well; projects social confidence when articulating information
Checking Things
Is meticulous in finding errors; ensures accuracy by being thorough and checking details; produces high quality work by being detailed.
Embracing Change
Copes with change and variety; tolerates uncertainty and ambiguity; adapts to new challenges
Establishing Rapport
Builds rapport and puts people at ease; is engaging and welcomes people; finds it easy to make friends
Following Procedures
Conforms and adheres to rules; closely follows instructions and procedures; minimises risks by sticking to processes
Interacting with People
Is lively and projects enthusiasm; is talkative in making contact; is focused on interacting and networking with people
Managing Tasks
Manages tasks by being organised and methodical; plans activities systematically; sets priorities for tasks
Meeting Timescales
Is target focused and meets deadlines; is punctual and keeps to schedule; is reliable in finishing tasks
Producing Output
Is focused on activity and works quickly; keeps busy and maintains productivity; is comfortable multi-tasking to produce output
Team Working
Works participatively with others; is democratic and encourages team contributions; collaboratively involves others in decision-making
Thinking Positively
Is optimistic and positive; recovers easily from setbacks and obstructions; is jovial and projects cheerfulness
JOB PURPOSE
To effectively and accurately perform the reconciliations process for complex Cash, Position and Data recons, and manage the exceptions queue by conducting and following through on investigations and escalating any queries when required to ensure all item entries are matched and breaks are timeously resolved.
JOB FUNCTIONS
Essential Functions
Compare flows for high volume and / or complex manual recons and mark up any unmatched items to identify breaks that need to be investigated and resolved.
Complete required checks and match complex item breaks that have been resolved to ensure the recons process is complete and the item drops off to the resolved batch.
Conduct an in-depth investigation and root cause analysis of all required item breaks to understand underlying causes and identify key stakeholders to assist in resolving unmatched items.
Conduct an investigation of all complex item breaks to understand underlying causes and identify key stakeholders to assist in resolving unmatched items.
Continuously develop and build on an intermediate understanding of the trade life cycle (from entry to exit) including roles and responsibilities, relevant recon systems (e.g. Intellimatch, Murex Core, MS Office), and expected outputs that informs the recons process to understand and identify root causes within the recons value chain.
Continuously stay abreast of the various product, asset class and trade instruments, as well as intermediate recon knowledge on procedures, risks, systems and processes to effectively and accurately perform complex recons, conduct investigations, and interact with key stakeholder.
Coordinate regular meetings and liaise with relevant teams and stakeholders (internal and external) when required to query complex item breaks and provide insights on the root cause to effectively escalate issues and resolve item breaks.
Critically evaluate processes, procedures and systems during the recons process to identify opportunities for improvement and enhancement ensuring the function performs in an optimal and efficient manner.
Execute the 4-eye principle by checking and validating partially matched item breaks, and update comments of complex recon breaks that cannot be immediately resolved to partially match items that are awaiting further action.
Explore potential source input, identify and analyse key source input, key matching and risk criteria to inform the design of reconciliations for new products or improvement of existing reconciliations.
Gather and / or extract all required data and information from relevant sources to effectively and accurately prepare complex recons for automated / manual matching.
Provide training and on the job guidance to new team members to build capability and enhance skills to perform day-to-day operation duties.
Raise any incidents that have been identified during the root cause analysis by preparing required reports to ensure the all incidents are investigated and root causes appropriately addressed.
Review and validate large mark-ups and match complex item breaks that have many- to-one matching but do not require any investigation / root cause analysis to quickly resolve the exception and enable the item to drop off the outstanding batch.
Review automated reporting to effectively highlight and manage key recon breaks based n aging and value.
Stay abreast of the regulatory environment in which CIB and GMO / SBGS operates, and adhere to all relevant policies, processes, procedures, regulations and work instructions, to ensure that work is carried out in a consistent and standard manner, risk is mitigated, and relevant regulatory requirements are fulfilled.
Track and monitor complex item breaks and update comments on relevant systems ensuring all working instructions and escalation procedures are followed to ensure the item break is timeously resolved and escalated when required.
QUALIFICATIONS
Education
Diploma Finance and Accounting
Preferred
Work Experience
Experience
Experience Details
Required/
Preferred
3-4 years Relevant recons knowledge and experience of local and foreign markets with a broad understanding of systems, processes and procedures to perform recons. Knowledge and understanding of the trade lifecycle and relevant exposure within Trade Support and / or settlements. Exposure to working within an operations and processing type environment. Knowledge and practical experience with using relevant MS Office programmes and systems including Intellimatch.
Required
Total number of years' experience
3 years
Behavioural Competencies - Essential
Behavioural Competency
Description
Adopting Practical Approaches
Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense.
Articulating Information<
