EY FS FINANCE - Platform Recon SENIOR 

India, Karnataka, Bengaluru 

806853301

Key Responsibilities:

1. Cash Reconciliation:
   • Perform daily, weekly, and monthly reconciliation of cash balances between internal systems and external counterparties, such as banks, custodians, and brokers.
   • Identify and investigate discrepancies in cash transactions, including payments, transfers, and settlements.
   • Collaborate with internal teams (e.g., treasury, accounting) and external counterparties to resolve cash reconciliation issues.
2. Positions Reconciliation:
   • Reconcile positions in financial instruments (e.g., equities, fixed income, derivatives) between internal trading platforms and external custodians or brokers.
   • Investigate and resolve discrepancies in position records, ensuring alignment between internal and external systems.
   • Ensure proper documentation and reporting of position discrepancies.
3. Trade Reconciliation:
   • Reconcile trade details (trade date, counterparty, price, quantity) between internal systems and external counterparties, including brokers, trading venues, and clearinghouses.
   • Review trade confirmations and settlement reports to ensure that all trades are properly recorded and settled.
   • Identify and resolve discrepancies in trade details and settlement mismatches.
4. Exception Management:
   • Identify, Analyze, and Resolve Exceptions: Monitor and manage reconciliation exceptions by identifying issues, analyzing the root cause, and implementing corrective actions to resolve discrepancies.
   • Timely Escalation: Escalate unresolved exceptions to senior management and coordinate with relevant teams to ensure timely resolution of exceptions.
   • Exception Logging and Tracking: Maintain a log of exceptions and ensure that exceptions are tracked from identification through resolution. Provide regular updates on the status of exceptions.
   • Continuous Improvement: Work to identify patterns in exceptions and collaborate with internal teams and external counterparties to implement process improvements and minimize recurring issues.
5. Process Optimization:
   • Identify Process Improvement Opportunities: Evaluate and analyze existing reconciliation processes and workflows to identify inefficiencies, bottlenecks, and areas for automation.
   • Implement Process Enhancements: Work with internal stakeholders to design and implement optimized processes that improve accuracy, reduce manual intervention, and increase efficiency.
   • Automation: Collaborate with IT and other departments to automate reconciliation processes where possible, leveraging tools and technology to improve productivity and reduce operational risk.
   • Ongoing Review: Continuously review and refine processes to ensure they remain aligned with industry best practices and regulatory standards.
6. Controls and Compliance:
   • Ensure Control Frameworks: Maintain and adhere to strong internal control frameworks to ensure accurate and timely reconciliation, exception management, and issue resolution.
   • Monitor Compliance: Ensure that all reconciliation processes comply with relevant regulations, industry standards, and organizational policies.
   • Audit and Review: Support internal and external audits related to reconciliation processes and help implement corrective actions where necessary.
   • Risk Management: Identify risks in reconciliation processes, including financial, operational, and regulatory risks, and collaborate with teams to implement mitigation strategies.
7. Investigation and Discrepancy Resolution:
   • Investigate discrepancies across cash, positions, and trade records by reviewing system logs, trade confirmations, and settlement reports.
   • Communicate with external counterparties, such as brokers, banks, and custodians, to resolve discrepancies in a timely and efficient manner.
   • Escalate unresolved issues to senior management and ensure corrective actions are implemented to prevent future discrepancies.
8. Reporting and Documentation:
   • Maintain accurate and comprehensive records of reconciliation, exception management, process optimization, and investigation activities.
   • Prepare regular reports summarizing the status of reconciliations, exceptions, discrepancies, resolutions, and process improvements for management and stakeholders.
   • Document and track the resolution of discrepancies, exceptions, and process changes to ensure continuous improvement and compliance.
9. Collaboration and Communication:
   • Collaborate with cross-functional teams, including treasury, accounting, operations, and IT, to ensure alignment on reconciliation processes, automation efforts, and best practices.
   • Liaise with external counterparties and service providers to ensure smooth and timely resolution of reconciliation issues and exceptions.

Qualifications:

• Education:
  • Bachelor’s degree in Finance, Accounting, Economics, or a related field (required).
  • Additional certifications (e.g., CFA, FRM, or CPA) are a plus.
• Experience:
  • 5+ years of experience in financial reconciliation, trade operations, or a related role, ideally within a financial services firm, bank, or investment firm.
  • Experience with cash, positions, and trade reconciliation across internal systems and external counterparties is strongly preferred.
  • Experience in managing reconciliation exceptions, resolving discrepancies, and optimizing financial processes is highly desirable.
  • Familiarity with financial instruments such as equities, derivatives, and fixed income products.
• Skills & Abilities:
  • Strong analytical and problem-solving skills with a keen attention to detail.
  • Proficient in Microsoft Excel (advanced functions, pivot tables, etc.).
  • Experience with reconciliation software (e.g., Blackline, Kyriba, Xero) or similar tools.
  • Knowledge of financial markets, trade settlement processes, and reconciliation best practices.
  • Strong process optimization and automation skills with the ability to identify areas for efficiency improvements.
  • Excellent communication skills, both written and verbal, with the ability to collaborate across teams and with external counterparties.
  • Ability to work under pressure, prioritize tasks, and meet deadlines in a fast-paced environment.
  • Strong organizational skills with the ability to manage multiple tasks and workflows simultaneously.

Preferred Qualifications:

• Experience with automated reconciliation and data analytics tools.
• Knowledge of regulatory requirements and industry standards (e.g., SEC, FINRA, FASB) related to trade and cash reconciliation.
• Experience in developing and implementing internal control frameworks and compliance procedures.
• Ability to work independently and as part of a team in a dynamic and changing environment.

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