Lead I - Reconciliation

UST; Chennai District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

UST in Chennai, India, is seeking a Reconciliations Team Lead to oversee reconciliation processes across custody and cash data, ensuring SLAs are met and complex issues are resolved in a fast-paced environment. You will mentor junior specialists, coordinate with multiple operational teams, and drive MIS reporting accuracy.

The role emphasizes risk awareness, escalation management, and process improvements, with a focus on delivering high-quality outputs within tight deadlines.

Qualifications

• ,

Responsibilities

• Supervise reconciliation processes and ensure SLA adherence.
• Collate and distribute MI reports daily/weekly/monthly to stakeholders.
• Investigate and resolve breaks in custody, cash, and positions.
• Maintain daily ownership of cash/stock breaks and coordinate with processing teams.
• Provide mentoring and escalation support to team members on BAU matters.
• Review procedures and enforce controls with the manager.
• Assist training of staff and support business partners.

Skills

Reconciliation

Mentoring

Operational risk

MIS reporting

Excel

Analytical

Tools

Aladdin

Tri-Optima

Microsoft Excel

Job description

Role Description

• Reconciliation subject matter experts 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.
• As a lead specialist the role holder will be able to handle the most complex issues throughout their lifecycle working with a number of operational teams as required until resolved.
• 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. Act as a mentor and escalation point for the team’s Specialists to support them on a daily basis.
• Key Responsibilities:
• Has supervisory responsibility for a number of specific processes or people in the team on a day-to-day basis, ensuring the team meets its timelines and produces high quality outputs. Will
  escalate to their managers when required.
• Collate daily, weekly and monthly MI reports, ensuring timely distribution to stakeholders;
• 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; Escalate potential problems before they become a risk;
• Meet all deadlines and ensure procedures and controls are fully implemented;
• Assist Manager to review and update procedures, implement improvements and enforce stringent controls;
• Be the first point of escalation for specialist on BAU matters;
• Escalate potential problems before they become a risk;
• Assist in the training of staff;
• 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 :
• Prior experience in reconciliations / investment accounting;
• Familiar with equities, fixed income and derivative products desired;
• Proficient in basic software including Excel;
• Strong understanding of operational risks and control frameworks; and
• Numerical skills and the ability to monitor and produce high quality MIS, and naturally perform root cause analysis.
• Wider experience in Asset Management and understanding of the end to end asset lifecycle; and
• Prior experience of Aladdin and Tri-Optima.
• An expert in your field and a strong mentor to the team's Specialists;
• Good at analysing and solving problems with a strong handle on operational risk;
• Effective in managing your own time with ability to prioritise tasks and delegate appropriately;
• Open to feedback, receptive to change, challenges status quo and continually looks out for team and self-improvement opportunities on self and on the team;
• 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;
• Able to adapt to changes quickly and be an advocator of an innovative culture within the team.

Reconciliations Team Lead

• Reconciliation subject matter experts 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.
• As a lead specialist the role holder will be able to handle the most complex issues throughout their lifecycle working with a number of operational teams as required until resolved.
• 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. Act as a mentor and escalation point for the team’s Specialists to support them on a daily basis.
• Key Responsibilities:
• Has supervisory responsibility for a number of specific processes or people in the team on a day-to-day basis, ensuring the team meets its timelines and produces high quality outputs. Will
  escalate to their managers when required.
• Collate daily, weekly and monthly MI reports, ensuring timely distribution to stakeholders;
• 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; Escalate potential problems before they become a risk;
• Meet all deadlines and ensure procedures and controls are fully implemented;
• Assist Manager to review and update procedures, implement improvements and enforce stringent controls;
• Be the first point of escalation for specialist on BAU matters;
• Escalate potential problems before they become a risk;
• Assist in the training of staff;
• 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 :
• Prior experience in reconciliations / investment accounting;
• Familiar with equities, fixed income and derivative products desired;
• Proficient in basic software including Excel;
• Strong understanding of operational risks and control frameworks; and
• Numerical skills and the ability to monitor and produce high quality MIS, and naturally perform root cause analysis.
• Wider experience in Asset Management and understanding of the end to end asset lifecycle; and
• Prior experience of Aladdin and Tri-Optima.
• An expert in your field and a strong mentor to the team's Specialists;
• Good at analysing and solving problems with a strong handle on operational risk;
• Effective in managing your own time with ability to prioritise tasks and delegate appropriately;
• Open to feedback, receptive to change, challenges status quo and continually looks out for team and self-improvement opportunities on self and on the team;
• 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;
• Able to adapt to changes quickly and be an advocator of an innovative culture within the team.

Overview Of Role/Principle Responsibilities

• Reconciliation subject matter experts 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.
• As a lead specialist the role holder will be able to handle the most complex issues throughout their lifecycle working with a number of operational teams as required until resolved.
• 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. Act as a mentor and escalation point for the team’s Specialists to support them on a daily basis.
• Key Responsibilities:
• Has supervisory responsibility for a number of specific processes or people in the team on a day-to-day basis, ensuring the team meets its timelines and produces high quality outputs. Will
  escalate to their managers when required.
• Collate daily, weekly and monthly MI reports, ensuring timely distribution to stakeholders;
• 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; Escalate potential problems before they become a risk;
• Meet all deadlines and ensure procedures and controls are fully implemented;
• Assist Manager to review and update procedures, implement improvements and enforce stringent controls;
• Be the first point of escalation for specialist on BAU matters;
• Escalate potential problems before they become a risk;
• Assist in the training of staff;
• 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 :
• Prior experience in reconciliations / investment accounting;
• Familiar with equities, fixed income and derivative products desired;
• Proficient in basic software including Excel;
• Strong understanding of operational risks and control frameworks; and
• Numerical skills and the ability to monitor and produce high quality MIS, and naturally perform root cause analysis.
• Wider experience in Asset Management and understanding of the end to end asset lifecycle; and
• Prior experience of Aladdin and Tri-Optima.
• An expert in your field and a strong mentor to the team's Specialists;
• Good at analysing and solving problems with a strong handle on operational risk;
• Effective in managing your own time with ability to prioritise tasks and delegate appropriately;
• Open to feedback, receptive to change, challenges status quo and continually looks out for team and self-improvement opportunities on self and on the team;
• 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;
• Able to adapt to changes quickly and be an advocator of an innovative culture within the team.

Skills

Microsoft Excel, Investment Accounting, Fixed Income