Reconcilation Assistant Manager

Job Description

Job Title: Reconcilation Assistant Manager Location: ChennaiAbout Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.Risk and Control Objective Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Perform annual log refresh in accordance with the Recs Library Perform Risk and Control Self Assessments for in scope Control Standards. Ensure compliance with EUDA and record retention policy Working Flexibly We re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers and clients needs. Whether you have family commitments or you re a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager.Specialist role to act as the primary point of contact for formal internal reconciliations across Equites and Derivatives products. For GRS distributed reconciliations ensure that all breaks are investigated daily and appropriate action is taken to ensure resolution. Aged items should be escalated to senior management in accordance with the Escalation policy. For GRS owned reconciliations ensure that these are produced daily and all breaks are investigated daily and appropriate action is taken to ensure resolution or exceptions are highlighted to the Trading desk/ Trade capture team/ BO teams. Aged items should be escalated to senior management in accordance with the Escalation policy. Ensure adherence to the one-sided trade escalation policy Ensure adherence to the daily BCheck policy for signing off completed tasks Send an EOD summary to on-shore stakeholders for items aged > 2 days and any daily one sided items. Ensure that procedure documents and updated for all processes covered. Ensuring controls are adhered to, and streamlining existing processes for increased control and maximum efficiency. Input daily metrics around aged / outstanding exceptions onto the Daily Hypercube submission process. Feed the aged exceptions for inclusion into the Equities Weekly Risk pack every Monday Attend the Weekly risk meeting to talk through the aged / risk items on the reconciliations report covered.What will you be doing Cover products across the entire Derivatives desk The role will require close contact with various Ops teams, IT, Product control and the front office across regions, so good communication skills are essential to this role. Ensure any areas of concern are identified and escalated to senior management and the business as necessary, while attempting to implement both short term and long term resolutions if the problem is reoccurring. Manage available time to ensure most efficient team output, while ensuring no controls are compromised. This is a challenging role with a wide variety of exotic products and high volumes environment with various deadlines to meet on a daily basis, candidate must be able to think on their feet and have a high level of competency in many skill sets. The role is suitable for candidates who are detail-oriented with strong communication both written and verbal skills. Minimum of five years of experience working with derivatives products like IRS, Cross currency swaps, TRS Equity swaps, Treasury products like Loans/Deposits, FX, FX forwards, NDF, Options and Futures in a reconciliation teams or trade support or similar non-Back Office line function in an Investment Bank or equivalent institution. Experience and understanding of reconciliation builds/design, requirement gathering, proposing matching rules, testing and implementation. Experience and understanding for trade lifecycle and familiarity with, complex payout calculation. Strong people influencing skills and an ability to get things done for the business. A systems-based approach, understanding workflow diagrams and decision trees. This informs a significant amount of our day-to-day in resolving issues with structures.What we re looking for: Degree Educated with experience in an Operational environment. Experience gained in High Volume House and client service environment. Flexible and professional under pressure Excellent verbal and written skills. Fluent in English. Highly numerate with analytical problem solving ability. Results Driven.Skills that will help you in the role: Commitment and loyalty to the brand. Self-Starter / Ambitious. Willingness to take on responsibility. Confidence to deal with both external and internal clients. Attention to detail is essential to ensure that reputational or financial risk is kept to the absolute minimumWhere will you be working ChennaiBe More at Barclays At Barclays, each day is about being more as a professional, and as a person. Be More @ Barclays represents our core promise to all current and future employees. It s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are. Interested and want to know more about Barclays Visit home.barclays/who-we-are/ for more details.Our Values Purpose and Values We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term. Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.Respect We harness the power of diversity and inclusion in our business, trust those we work with, and value everyones contribution.Integrity We operate with honesty, transparency and fairness in all we do.Service We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.Excellence We champion innovation, and use our energy, expertise and resources to make a positive difference.Stewardship We prize sustainability, and are passionate about leaving things better than we found them.Our Diversity We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.Our Benefits Our customers are unique. The same goes for our colleagues. Thats why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our flexible working options for colleagues. If you have a need for flexibility, then please discuss this with us.,

Keyskills :
financial riskproblem solvingtrade supportfront officeequity swapsrisk management frameworkproduct controlrisk managementcurrency swaps