Associate Level 1

Job Description – APAC

Job Title:

Associate Level I

Date:

Department:

Global Reconciliation

Location:

GSO, Chennai

Business Line / Function:

Market and Financing Services

Reports to:

(Direct)

AM/Manager -Global Reconciliation team

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.

Senior Associate will be responsible for performing daily tasks related to Global Reconciliation team carried out in the MFS department. He/ She will work on the daily tasks, reporting and investigation and will report directly to the Team Manager of the Reconciliation team. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the securities lending business is key along with basic knowledge of Settlement, Corporate Action, Collateral management, billing function related to securities lending business. 

Responsibilities

Direct Responsibilities 

¡ Should have strong understanding on Reconciliation process perform all the reconciliation and reporting tasks correctly.

¡ Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.

¡ Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries with in the timeframe agreed as per SLA and procedures.

¡ Post the manual journal entries correctly into the accounting systems

¡ Send daily/Weekly/Monthly/Quarterly break reports without fail and follow-up on high risk items with the concerned department for the clearance without fail.

¡ Perform contract compare in Equilend for all open contracts and investigate on breaks.

¡ Follow appropriate escalation procedures

¡ Strictly adhere to established departmental processing procedures and controls

¡ Anticipate issues that may adversely affect Operations and propose possible solutions.

¡ Constantly improve business knowledge through training and multi-skilling and ensure yourself is cross-trained across various functions in the team.

Technical & Behavioral Competencies

 ¡ Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

¡ Ability to work in a team environment in coordination with the colleagues and the mangers.

¡ Proficient in Microsoft Office Applications and strong MS Excel skills required.

¡ Work Experience in Intellimatch will be preferable 

Specific Qualifications (if required)

Good Accounting knowledge

                                            

Skills Referential                                                            

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Creativity & Innovation / Problem solving

Communication skills – oral & written

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to develop and adapt a process

Choose an item.

Choose an item.

Education Level:

Master Degree or equivalent

Experience Level

At least 1 years

Other/Specific Qualifications (if required)