Transfer Fee Reconciliation Analyst - UK

M&T Bank; Greater London; On-site; GBP 42,000 - 64,000; Full time

Job summary

M&T Bank is seeking a detail-oriented Finance Operations professional to reconcile transfer fee income for Global Capital Markets in London. You will handle a high volume of manual transactions, ensure accurate recording, and produce monthly profitability reports.

The role requires strong numerical and analytical skills, proficiency with spreadsheet software, and a proactive mindset to identify process improvements within a regulated environment.

Qualifications

• Detail-oriented; strong organizational and time-management abilities.
• Numerical and analytical skills essential.
• Experience with spreadsheet software (Excel, etc.) preferred.

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 P&L analysis by ensuring accurate capture of fee income and adjustments.
• Maintain accurate records across multiple internal systems.
• Monitor outstanding receivables and 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 impacting revenue collection or operations; identify process improvements within a manual environment.
• Maintain audit trails and supporting documentation for processing activities.
• Adhere to risk and regulatory standards and report issues to management.

Skills

Detail-oriented

Organizational skills

Time management

Numerical skills

Analytical skills

Spreadsheet software

Education

3+ years of higher education/experience

Tools

Spreadsheet software

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.

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.

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

Location

London, United Kingdom