Transfer Fee Reconciliation Analyst - UK

M&T Bank Corporation; Greater London; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Medical and retirement benefits

Volunteer time (40 hours/year)

Job summary

M&T Bank is seeking a detail-oriented professional in London to reconcile and process high-volume transfer fee transactions for Global Capital Markets clients. You will investigate discrepancies, support P&L analyses, and maintain robust audit trails within a largely manual processing environment.

The role requires strong numerical and analytical abilities, and experience with spreadsheet software to manage multiple systems and ensure timely, compliant processing and reporting.

Qualifications

• Detail-oriented, organized, and numerically precise
• Strong time management and analytical skills
• Experience with spreadsheet software and data reconciliation workflows

Responsibilities

• Reconcile and process a high volume of large transfer fee transactions for GCM clients daily.
• Investigate and resolve reconciliation breaks and unmatched items.
• Process fee returns, adjustments and corrections; support profit and loss analysis.
• Maintain accurate records across multiple internal systems.
• Monitor outstanding receivables and chase unpaid amounts.
• Produce monthly reporting relating to transfer fee activity and profitability.
• Escalate issues or risks; identify opportunities to improve processes and controls.
• Maintain audit trails and documentation; adhere to risk and regulatory standards.
• Complete other related duties as assigned.

Skills

Detail-oriented

Organizational skills

Time management

Numerical

Analytical

Spreadsheet experience

Education

3 years higher education and/or work experience

Job description

Overview

Ensures all transfer fee income and related transactions are accurately reconciled, processed and reported for Global Capital Markets (GCM) clients. Manages a high volume of manual transactions, updating multiple systems, investigating and resolving outstanding items, and producing profit and loss reporting.

Primary Responsibilities

Reconcile and process a high volume of large transfer fee transactions for GCM clients daily; investigate and resolve reconciliation breaks and unmatched items. Process fee returns, adjustments and corrections as required; support profit and loss analysis by ensuring accurate capture of fee income and adjustments. Maintain accurate records across multiple internal systems. Monitor outstanding receivables and proactively chase unpaid amounts. Ensure all transactions are processed within defined service levels and control standards. Produce monthly reporting relating to transfer fee activity and profitability. Escalate issues, trends or risks that could impact revenue collection or operational performance; identify opportunities to improve existing processes and controls while working within a largely manual environment. Maintain strong audit trails and supporting documentation for all processing activities. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. Promote an environment that supports a culture of belonging and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned.

Scope of Responsibilities

Supervisory/Managerial Responsibilities: Not Applicable

Education and Experience Required

• Combined minimum of 3 years’ higher education and/or work experience
• Detail-oriented
• Demonstrated organizational skills
• Demonstrated time management skills
• Demonstrated numerical
• Demonstrated analytical skills
• Prior experience with pertinent spreadsheet software

Education and Experience Preferred

• Previous experience in a reconciliation, nostro, cash management, settlements, operations and/or financial control environment
• Ability to investigate and resolve discrepancies
• Prior experience working with multiple systems
• Understanding of fee processing, cash reconciliations and/or revenue reconciliation activities
• Experience producing operational and financial reporting

Physical Requirements

Location London, United Kingdom

Benefits

• Competitive benefits ranging from medical and retirement to forty hours of paid volunteer time each year.

About M&T Bank

Great companies have an enduring sense of purpose. With roots dating back to the founding of Wilmington Trust Company by T. Coleman du Pont in 1903, Wilmington Trust has been serving successful individual and institutional clients for more than a century. Wilmington Trust is internationally recognized and has a team of experienced and skilled professionals focused on delivering a high caliber of service to every client relationship. We are proud to be part of the M&T corporate family. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more.

Equal Employment Opportunity

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.

Drug-Free Workplace

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.