Associate I - Reconciliation Analyst

UST; Chennai; On-site; INR 350,000 - 520,000; Full time

Benefits offered by this job

Training opportunities

Job summary

UST is seeking a Reconciliation Junior Analyst in Chennai to ensure the integrity of custody and cash position data through daily reconciliation processes and support investigations. You will manage high-volume reconciliations, meet SLA deadlines, and collaborate with internal teams and external counterparties.

Training and growth opportunities are available within operations and risk control. The role requires strong Excel skills, a proactive problem-solving approach, and a willingness to learn

Qualifications

• Experience in reconciliations or investment accounting preferred.
• Strong analytical and problem-solving skills.
• Familiarity with equities, fixed income and derivative products is advantageous.
• Proficient in MS Excel and data interpretation.

Responsibilities

• Perform custody transaction and position reconciliation against internal records.
• Maintain daily cash and stock break ownership and resolve differences.
• Investigate and follow up on breaks with processing teams and custodians.
• Prioritize workload to meet SLAs and deadlines.
• Provide specialist product knowledge and support training.

Skills

Reconciliation

Investment accounting

Fixed income

Job description

Role Description

Reconciliation Junior Analyst

This role is to hire a Business Process Operations Junior Analyst.

Overview Of Role/Principle Responsibilities

• Working within the Reconciliations team in ensuring the integrity of custody and cash position data is maintained within our internal systems through our daily reconciliation processes.
• Ensure the complete reconciliation, investigation and allocation of all breaks are completed within set SLA’s and deadlines.
• The role holder will thrive in a fast-paced environment with an emphasis on meeting tight deadlines.
• A strong interest in learning and harnessing technology will help you with your role in the organisation. Key Responsibilities:
• Accountable for allocated portfolios, proactive investigation and timely follow up of queries arising from internal stakeholders, clients, counterparties, custodians and administrators;
• Perform custody transaction and position reconciliation against internal records;
• Maintain ownership of daily cash and stock breaks by conducting investigation on differences, and monitoring through timely resolution with processing teams and custodians/administrators;
• Perform outstanding OTC bilateral collateral and outstanding position reconciliation, outstanding fixed deposit positions, between internal and counterparty records and monitor through breaks resolution in a timely manner;
• Validate and update internal records with relevant transactions, such as fees and income;
• Work through high volumes, prioritise, and manage workload according to risk or deadlines; Meet the needs of our business partners and internal clients; and Assist in the training of staff; and Provide specialist product knowledge; contribute to department and Company initiatives and projects.
• Skills and Behaviours Required:
• Will be required to undertake comprehensive training and development opportunities related to Operations. Prior experience in reconciliations / investment accounting preferred;
• Strong and proven investigations skills preferred (liaising with internal & external parties);
• Familiar with equities, fixed income and derivative products desired; and Proficient in basic software including MS Excel. Wider experience in Asset Management and understanding of the end-to-end asset lifecycle;
• Understanding of operational risks and control frameworks; and Prior experience of Aladdin and Tri-Optima.
• Good at analysing and solving problem with a strong handle on operational risk;
• Effective in managing your own time with ability to prioritise tasks appropriately; Open to feedback, receptive to change, challenges status quo and continually looks out for team and self- improvement opportunities;
• Excellent communicator with strong interpersonal skills; A strong team player able to develop and manage strong working relationships with global internal departments and external counterparties; and Able to adapt to changes quickly and be an advocator of an innovative culture within the team.

Skills

Incident Management, Investment Accounting, Fixed Income