Business Reconciliation - Nostro

Role & responsibilities

• Independently prepare account reconciliations in accordance with Finance Instruction Manual (FIM) and applicable SOX requirements. Ensure completeness of assigned accounts within the required deadline.
• Independently process journal entries as appropriate for booking of charges and interests.
• Responsible to review source system for accuracy/completeness and research open reconciling items in a timely manner.
• Oversee, monitor and thoroughly analyze activity within assigned accounts.
• Rigorously follow up with departments for the settlement of unreconciled transactions to keep the aging under control.
• Recognize and identify trends on related outstanding items and expedite issues to management.
• Complete other related duties as assigned.
• Responsible to maintain and manage Reconciliation detail confidentially due to the nature of activity being reconciled.
• Provide critical inputs to assist / lead efforts to improve processes including automation.
• Responsible for all Service Delivery deliverables in a timely and accurate manner.
• Ensure compliance with standards and Statutory requirements.
• Fair understanding of accounting principles and demonstrate competence in their application.

Responsible for maintaining rigor around Client Money/CASS requirements and returning client money within the timeframe.

Preferred candidate profile

• Excellent communication skills, both verbal and written, together with excellent customer focus.
• Expert in Excel (especially V-lookup, H-lookup, etc.).

Fair knowledge of banking transactions and operational system.