Mphasis Hiring Middle Office Analyst Cash & Position Reconciliation

Mphasis; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Mphasis is seeking a detail-oriented Middle Office Analyst with strong cash and position reconciliation experience to join our Powai team in Mumbai. The role focuses on daily reconciliations, investigations of breaks, and enhancements to control processes within a complex trade lifecycle.

The candidate should expertly interpret statements from banks, custodians, brokers, and settlement platforms, and perform root cause analyses to prevent recurring issues.

Qualifications

• Strong understanding of trade lifecycle, cash and securities settlements, custody operations, and reconciliation processes.
• Hands-on experience in cash and position reconciliation within Middle Office or Investment Operations functions.
• Ability to interpret bank, custodian, broker, and settlement statements.
• Strong analytical and problem-solving skills.
• Advanced MS Excel skills (VLOOKUP/XLOOKUP, Pivot Tables, Data Analysis).

Responsibilities

• Perform daily cash and position reconciliations across internal systems, custodians, banks, brokers, and accounting platforms.
• Investigate and resolve reconciliation breaks arising from settlement issues, missing transactions, timing differences, corporate actions, FX transactions, and trade booking errors.
• Conduct root cause analysis and ensure timely resolution of exceptions within agreed SLAs.
• Monitor and manage outstanding breaks, escalating high-risk or aged items when required.
• Execute daily operational controls and support audit and compliance activities.
• Prepare reconciliation MIS, exception reports, and management updates.
• Coordinate with internal stakeholders to resolve discrepancies and improve reconciliation processes.

Skills

Trade lifecycle

Cash reconciliation

Position reconciliation

Analytical skills

Advanced Excel

SWIFT knowledge

Tools

SWIFT

Custody systems

Investment ops platforms

Job description

Middle Office Analyst Cash & Position Reconciliation

Location: Prima Bay Office, Powai, Mumbai

Job Summary

We are looking for a detail-oriented Middle Office Analyst with 35 years of experience in Cash and Position Reconciliation. The ideal candidate should have a strong understanding of trade lifecycle, settlements, custody operations, and reconciliation processes. The role involves investigating and resolving reconciliation breaks, performing daily controls, managing escalations, and ensuring accurate reporting.

Key Responsibilities

• Perform daily cash and position reconciliations across internal systems, custodians, banks, brokers, and accounting platforms.
• Investigate and resolve reconciliation breaks arising from settlement issues, missing transactions, timing differences, corporate actions, FX transactions, and trade booking errors.
• Conduct root cause analysis and ensure timely resolution of exceptions within agreed SLAs.
• Monitor and manage outstanding breaks, escalating high-risk or aged items when required.
• Execute daily operational controls and support audit and compliance activities.
• Prepare reconciliation MIS, exception reports, and management updates.
• Coordinate with internal stakeholders to resolve discrepancies and improve reconciliation processes.

Required Skills & Competencies

• Strong understanding of trade lifecycle, cash and securities settlements, custody operations, corporate actions, and asset servicing.
• Hands-on experience in cash and position reconciliation within Middle Office or Investment Operations functions.
• Ability to interpret bank, custodian, broker, and settlement statements.
• Strong analytical and problem-solving skills.
• Advanced MS Excel skills (VLOOKUP/XLOOKUP, Pivot Tables, Data Analysis).
• Experience with reconciliation and investment operations platforms.
• Knowledge of SWIFT messaging and custody systems will be an added advantage.
• Excellent communication and stakeholder management skills.

Experience

• 35 years of experience in Middle Office Operations, Investment Operations, and Reconciliation functions.
• Exposure to international markets and multi-currency environments preferred.