Associate Level 1 - AGL Reconciliation

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute to achieving the teams goal.

Associate / 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

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 within 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.

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