VP - Nostro Reconciliation - Banking

Position Specifications:

Corporate Title VP

Functional Title VP

Experience 12+ years

Qualification CA / MBA Finance from recognized institute

Role & Responsibilities:

This includes specific functions/ tasks/ performance objectives.

The primary responsibility of the Reconciliations team is to :

- Reconcile various Nostro accounts with accounting platforms

- Reconcile the Trades between Front Office and Back Office trading and settlement systems.

- Reconcile external and internal depot accounts

- Appropriate investigation and assignment of breaks to Operations teams for resolution

- Driving the Risk & control agenda while working with Core Operations & Middle Offices in defining new Rec builds and /or enhancements

- Ensure that the ageing of breaks and write-offs are in line with the corporate accounting policies

- Ensure that all breaks are highlighted on a daily basis and aged appropriately

- Follow-up for resolution and escalation of aged breaks with Core Operations & Middle Office

- Detailed MIS and trend analysis of open items and ageing.

- Drive strategy around implementation of new reconciliation platform(s) and exception management tools.

- Work closely with user groups to enhance service experience

- Drive strategies aimed at strengthening rec framework and governance

- Prioritization of rec platform's book of work

- Running rec governance committees

Core Skill-sets / Competencies

- Strong knowledge of International Banking and financial services operations.

- Knowledge of securities markets

- Candidate should possess knowledge of Reconciliation functions

- Candidate should possess good knowledge of trade life cycle and events associated with various product classes like OTC, Derivatives or Listed

- Relationship building skills - To develop and build working relationships with diverse groups and senior executives.

- Client focus - Enhancing client experience is one of the key deliverables.

- People management - ability to manage and drive large teams and develop key talent.

- Leadership - create an environment of leading by example and is an effective role model. His/her actions reflect an appropriate level of independence; demonstrates the ability to initiate and effect change and continuous improvement, contributes significantly to the on-going development of people, process and business.

- Control orientation and Risk awareness- Candidate must possess an eye for detail and must be able to create an environment of control and compliance.

- Communication - Organized, clear and confident in written and oral communications. Actively engages in discussions offering expertise, opinions and advice.

- Teamwork - Creates and/or contributes to an environment of collaboration and mutual responsibility, i.e. effectively influences others to gain cooperation and address issues; initiates and is responsive to requests from other products and regions

- Ability to identify opportunities for automation and independently drive Technology initiatives, both locally and globally

- Be able to drive positive changes, promote ownership and demonstrate "My business Mentality".

- Manages Relationships through inclusivity and is able to demonstrate collaborative team work.

- Strategic thinking, should be creative and innovative; challenges status quo; generate strategic advice/product/client solutions.

Key Skills:

Mandatory Domain

- CA / MBA Finance from recognized institute with 12+ years of relevant work experience.

- Prior experience in managing large teams

- High level of proficiency in excel and a very high degree of comfort with technology

- Ability to communicate in a clear and precise manner.

- Good analytical and presentation skills

- High visible energy / drive and executive presence

- Should be willing to work flexible hours

- Ability to work under pressure and to meet tight deadlines is essential.

If you find it is suitable then please send me your updated CV with below detail or provide me a reference .

Total Exp:
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Handling a team of :

Tejashree Waradkar
Team Leader
Dir No: +91 22 66848548|Mob No .8454843560