BPO Trade Settlement Associate

NTT DATA, Inc.; Gurugram District; On-site; INR 420,000 - 540,000; Full time

Job summary

NTT DATA Services seeks a Reconciliation – Associate to perform account reconciliations across portfolios for a major client in Gurgaon. You will handle cash and asset reconciliation, interact with bank and custody teams, and support monthly closings with attention to data quality.

The role requires 1+ year of accounting in financial instruments, strong Excel skills, and a degree in Finance/Accounting. Candidates should be detail-oriented and able to work in a fast-paced team environment.

Qualifications

• 1+ year(s) of accounting experience for financial instruments and life cycle of trades.
• Ability to work regularly scheduled shifts.
• University degree or equivalent with 3+ years of formal studies in Finance/Accounting.
• 1+ year(s) of data entry experience emphasizing quality and accuracy.
• 1+ year(s) of MS-Excel experience with formulas, tables, formatting, pivot tables, and reporting.
• 1+ year(s) in a service-oriented role with written/phone communication with external customers.

Responsibilities

• Perform daily end-to-end cash reconciliation activities and record transactions.
• Identify variances in cash/assets through bank and custody statements and other data.
• Interact with internal teams, bank, custody, and advisors for missing trades/corporate actions/other items.
• Follow up on pending transactions and incorrect bookings with relevant teams.
• Verify prices and income, and provide backups as needed using Bloomberg or market data services.
• Support monthly closing and valuations processes; maintain knowledge of financial products and processes.

Skills

Accounting experience

Capital Markets knowledge

Attention to detail

Communication skills

Teamwork

Education

Finance/Accounting degree

Tools

Bloomberg

Excel (Advanced)

Job description

The Company

NTT DATA Services is a top 10 global services company and part of the NTT Group, a Fortune 29 telecommunications and services company based in Japan. We operate with 60,000 professionals in 36 countries. Every day around the world we help clients explore new ways to respond to market dynamics with flexibility and speed, reduce costs with less risk, and increase productivity to enable growth. For more than 30 years, our Business Process Outsourcing (BPO) team has implemented the processes and technologies for our clients that bring about real transformation for customers of all sizes. Our end-to-end administrative services help streamline operations, improve productivity and strengthen cash flow to help our customers stay competitive and improve member satisfaction.

Reconciliation – Associate

NTT DATA Services is a top 10 global services company and part of the NTT Group, a Fortune 29 telecommunications and services company based in Japan. We operate with 60,000 professionals in 36 countries. Every day around the world we help clients explore new ways to respond to market dynamics with flexibility and speed, reduce costs with less risk, and increase productivity to enable growth. For more than 30 years, our Business Process Outsourcing (BPO) team has implemented the processes and technologies for our clients that bring about real transformation for customers of all sizes. Our end-to-end administrative services help streamline operations, improve productivity and strengthen cash flow to help our customers stay competitive and improve member satisfaction.

The Opportunity

Our client is a leading global provider of asset and wealth management solutions. They provide investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth.

This team is currently seeking “Reconciliation Senior Associate” to join our team at Gurgaon

Role Description

The primary goal is to Perform Account Reconciliation for the client across multiple portfolios,

Responsibilities

• Performing daily end to end cash reconciliation activities that includes conducting analysis and recording transactions
• Identifying reasons for variances in cash/assets through bank & custody statements and other supporting data.
• Interacting with designated internal teams, bank, custody and advisors for missing trades /corporate actions/ other transaction items
• Following up on actions for pending transactions/incorrect booking with trade team/bank/custody.
• Verifying prices and income, rate of interest etc. depending upon the security being booked through Bloomberg or other market data services and provide appropriate back-ups.
• Reporting the issues to supervisors and seek support on an immediate basis Performing administrative functions related to monthly closing and valuations.
• Developing and maintaining a solid working knowledge of the financial services industry and of all products, services and processes performed by the team

Requirements for this role include:

• 1+ year(s) of accounting experience for financial instruments (equities, fixed income, and derivatives), operation of capital markets, and life cycle of trades. Good knowledge of Capital Market
• Ability to work regularly scheduled shifts.
• University degree or equivalent that required 3+ years of formal studies of Finance/Accounting principles
• 1+ year(s) of data entry experience that required a focus on quality including attention to detail, accuracy, and accountability for your work product.
• 1+ year(s) of experience using MS-Excel that required you to use Formulas, Tables & Formatting, Conditional Formatting, Charting, Pivot tables & Pivot Reporting.
• 1+ year(s) of experience in a service-oriented role where you had to correspond in writing or over the phone with external customers.

Desired qualities:

• A drive to broaden one’s knowledge of the financial services industry by learning new concepts and systems and taking the initiative to apply it to daily work assignments.
• Attention-to-detail to ensure that all deliverables consistently meet the highest standard of quality and accuracy.
• Positivity and collegial approach in assisting both colleagues and clients and the ability to work in team environment.
• Curiosity, critical thinking and attention to detail: Whether it’s to identify a solution to a problem or possibly help implement a more efficient process or procedure, your skills have a place in our business.