Reconciliation Analyst at StoneX Group

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

02 Jun, 26

Salary

0.0

Posted On

04 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reconciliation, Payment Execution, Payment Investigations, Exception Handling, Bank Account Statements, IFL Ledgers, Break Allocation, Daily Reporting, Monthly Reporting, Trend Analysis, STP Rates, Balance Sweeps, GTMatch, SWIFT MT940, SWIFT MT950, SWIFT MT900

Industry

Financial Services

Description

Overview Connecting clients to markets – and talent to opportunity With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth. Commercial: With boots on the ground authenticity at the heart of everything we do, our comprehensive array of commercial products and services enable you to work directly with our clients, across hedging, risk management, execution and clearing, OTC products, commodity finance and more. The Bangalore Operations team is a core part of our Global Operation and is responsible for critical aspects of the payment lifecycle, including payment execution, payment investigations, tracking and exception handling. Responsibilities The Bangalore Operations team is a core part of our Global Operation and is responsible for critical aspects of the payment lifecycle, including payment execution, payment investigations, tracking and exception handling. To perform the reconciliation of bank account statements and IFL ledgers. Allocation of breaks to other support teams for investigation. Daily and Monthly reporting. Trend analysis and proposal of new match rules in increase STP rates. Initiate balance sweeps. The role is based in Bangalore The role requires excellent communication & collaboration skills, problem solving skills and and flexibility. You should be comfortable with rapid pace of change in order to address all aspects of Reconciliations and effectively assess and address any scenarios, as and when they arise and proactively streamline and enhance workflows. Perform daily reconciliation of global bank accounts using GTMatch Initiate and conclude investigations during the course of daily activity Identification, allocation and periodic analysis of fees Enter Non automatic bank statements into the Reconciliation system Allocate unresolved breaks to support teams for review To review account balances and initiate balance transfers Perform intersystem cash reconciliations (spreadsheet based) Intraday matching to update cashflows in back office system Identify and resolve format issues and chase missing statements Analyse matching rates and propose new rules to increase STP Management of group and personal email inboxes Compilation and publication of daily and monthly reporting Liaise with Front Office and other support teams Assist the team with day-to-day tasks Comply with all applicable company, regulatory and internal compliance requirements, including the prevention of Financial Crime and Fraud. Ad hoc duties as required Qualifications Experience, Minimum 4 years working within a Bank, Financial or Payment Services Company Strong knowledge of the reconciliation process and proven record utilising both automated and manual comparison tools. Experience in match rule analysis and improvement Knowledge of operational risk and mitigation techniques Experience working with SWIFT MT940, MT950, MT900, MT910, MT942’s Qualification and Skills Graduate from finance or any business degree (preferable) Excellent team player and communicator Highly numerate with excellent attention to detail Ability to prioritise, organise and multitask within stringent deadlines Strong problem solving abilities Determined, focused and enthusiastic Confident with a positive outlook Ethical with strong integrity Strong Microsoft Office skills (particularly EXCEL)

Responsibilities

The primary duties involve performing daily reconciliation of global bank accounts and IFL ledgers using tools like GTMatch, initiating investigations for breaks, and managing balance transfers. Responsibilities also include analyzing matching rates, proposing new match rules to increase STP, and compiling daily and monthly reports.