BPO Trade Settlement Associate

NTT DATA BUSINESS SOLUTIONS; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Job summary

NTT DATA BUSINESS SOLUTIONS in Gurugram, India seeks an Account Reconciliation specialist to perform daily cash reconciliation across multiple portfolios. You will identify variances, verify security prices and income, and support monthly closings with strong collaboration with internal teams and banks.

Proficiency in Bloomberg or similar market data services will aid in handling transaction items and ensuring accurate financial reporting.

Qualifications

• Experience with daily end-to-end cash reconciliation processes.
• Ability to identify and analyze variances using bank and custody data.
• Experience interacting with internal teams and external banks/advisors.

Responsibilities

• Perform daily end-to-end cash reconciliation activities including analysis and transaction recording.
• Identify variance reasons using bank & custody statements and other data; coordinate with bank, custody, and trade teams for missing items.
• Verify prices and income for securities via Bloomberg or other market data services and provide back-ups.
• Escalate and report issues to supervisors and seek immediate support.
• Handle administrative tasks related to monthly closing and valuations.
• Develop solid knowledge of financial services products, processes, and team workflows.

Skills

Cash reconciliation

Variance analysis

End-to-end reconciliation

Bloomberg

Tools

Bloomberg

Job description

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