Associate - Reconciliations and Funding

Mizuho; Tottenham; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading financial institution in the UK is seeking an Associate to join their Reconciliations and Funding team. This role involves ensuring efficient funding of Nostro accounts, timely account reconciliations, and resolving failed settlements. Candidates should have a solid understanding of UK anti-money laundering regulations, experience in an investment banking environment, and strong communication skills. The company promotes flexible working arrangements and values equality and diversity in its workplace.

Qualifications

• Proficient in UK anti-money laundering requirements.
• Experience in investment banking with front office business areas.
• Strong understanding of funding processes and reconciliation.

Responsibilities

• Ensure efficient funding of Nostro accounts across EMEA.
• Timely reconciliation of Nostro accounts.
• Identify and resolve failed settlements promptly.

Skills

UK anti-money laundering knowledge

Reference Data maintenance

Investment banking experience

Flexible communication

Funding process knowledge

Cash management skills

Microsoft Office proficiency

Job description

Profile Summary

We are looking for an Associate to join the Reconciliations and Funding team in our Operations department in London.

Duties and Responsibilities

• Ensure that all Nostro account balances are utilized and Funded efficiently across EMEA Branches and closing balances remain with the levels set by Management
• Ensure that Nostro Accounts are reconciled timely and accurately across EMEA offices and that the Bank’s true position is reported and all unreconciled items are identified, allocated and pursued.
• Identify failed Settlements and resolve promptly, reporting promptly to ‘Owning Department’ and Group Head); Minimise cost incurred by third party claims on Mizuho and reconcile Account and Overdraft Interest charges
• Actively participate with the team and ensure that processes and individuals sustain business demands
• Ensure that all Daily & Weekly and Monthly Reports are submitted in accordance with Procedures and within timeframe set.
• Engage with the development, cross training and morale within the Reconciliation Team

Qualifications, Skills, And Experience

• Proficient practical knowledge of UK anti-money laundering requirements (including the Money Laundering Regulations, the Proceeds of Crime Act, the Terrorism Act)
• Demonstrable knowledge of Reference Data maintenance procedures for Customer (contact, regulatory & credit line information), SSI, Credit Limits, Rates & International Calendars
• Experience within an investment banking environment, has a confident understanding across Products
• Experience in working with front office business areas and Compliance
• Flexible attitude and able to communicate and positively influence colleagues with new ideas
• Solid intuitive knowledge of Funding processes, timescales across currencies and handled multi branch environment
• Cash management, Reconciliation and Investigation processes.
• System skills - across Microsoft Office products, including Intermediate Excel
• Experience within an investment banking environment, has a good understanding across Products
• Experience in working with front office business areas

At Mizuho, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

We are committed to supporting equality and diversity, and seek to create a workplace that is fully inclusive. We welcome applications from all sections of the community that we operate in and from all ethnic backgrounds, sexual orientation, beliefs, gender identities and disabilities.

If you require more information about our equal opportunities policy or wish to discuss any accessibility requirements or reasonable adjustments please contact the recruitment team – [e-mail] and we will be happy to help.