Job Description

Our client in the banking industry is looking for a Reconciliation Officer! To oversee accurate and timely reconciliations across all accounts, products, and systems, ensuring the smooth flow of trade transactions. Gain valuable experience in a critical role while streamlining discrepancy resolution.POSITION INFO:Our client in the industry is looking for a Reconciliation Officer! To oversee accurate and timely reconciliations across all accounts, products, and systems, ensuring the smooth flow of trade transactions. Gain valuable experience in a critical role while streamlining discrepancy resolution.2-month contract

• 3-4 years
• B Comm or equivalent tertiary level education
• Trade Services knowledge, including Back to Backs, Open Account Trade

, Risk Participation, Trade Loans, Exchange Control and Escrow accounts. * good understanding of the purpose of a reconciliation.

• Good working knowledge of the mechanics of reconciliations
• High level ability to work with Excel including Pivot tables.
• Understanding of Balance Sheet Substantiation
• Daily review of Cash and Position reconciliation Management Information dashboards
• Previous experience in a Global Markets Reconciliations area recommended
• Building and maintaining stakeholder relationships in functions external to the teams at a supervisory level

• Daily reconciliation of Cash Cover, collateral, Call and Margin accounts
• Ensuring attention to detail when screening of position and cash reconciliations submitted to stakeholders and the timely escalation of any discrepancies as and when they are encountered
• The implementation of processes and controls to ensure that recons that reconciliations sent out to stakeholders are done so in accordance with service level agreements
• Strict monitoring and actioning of all internal controls
• Ensure satisfactory audit
• Obtain approval on initial and Subsequent Facility Drawdown processes
• Ensure deals have been approved by the deal committee before requesting authorization from management
• Escrow services - review submissions, match agreement to joint instruction, send for approval so that funds can be disbursement
• Ensure that the deals are executed in line with the deal specific approval and conditions precedent and sent for validation to management
• Investigate and resolve any discrepancies, raising issues to the relevant TMU Specialist and Trade Finance Operations and Global Markets trading desk
• Preparation of Manual Reconciliation templates
• Update Control First daily task checklist
• Update daily Management Information
• Filing of all reconciliation reports or relevant supporting documentation
• Investigating, resolving and responding to any queries
• Follow up and resolution of any Internal or External Audit queries

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