Verified Job
Accounting - Finance
Administrator - Nostro Reconciliation [T500-244*5]
Accounting - Finance
#705160
Remote / WFH
Job Description
MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. In Asia, MUFG has a presence across 20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand, and Vietnam.
It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region – Vietin Bank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.
MUFG Global Service Private Limited (MGS)
Established in 2020, MUFG Global Service Private Limited (Formerly MUFG Enterprise Solutions India Private Limited) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. With a current headcount of above 1000, MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific.
About the Role:
Position Title: Administrator
Corporate Title: Administrator
Location: Bangalore
Job Profile:
Purpose of Role:
• Responsible managing various type of Cash reconciliations. Ensure ownership is identified for breaks and reporting of each break to the relevant owner and escalating the issues/breaks via pre-agreed criteria and matrix.
Main Responsibilities:
• Responsible for completion of day-to-day reconciliation activity as per standards and ensure accurate and timely delivery of assigned production duties.
• He/she needs to ensure team adherence to all cut-off times and quality of processing as maintained in SLAs.
• He/she should ensure that all queries related to routine activities are responded to within the time frame specified.
• He/she needs to escalate the feed related issues and system issue to appropriate support team on timely manner.
Other / Control:
• Able to identify the cause and assign the cash break to correct team for further investigation & resolution.
• Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business
• Provide input into local operations processes and workflows to deliver best practice, efficiency and mitigate risk.
• Prepares various MIS of the department to ensure proper control on the operations.
• Support in managing the risk profile for the department.
• Coordinate information to respond in a timely matter to auditors and regulators.
• Support in developing and updating policies to ensure alignment with all relevant regulations.
• Support internal and external audits within the department by collating/preparing documentation as required
• Adhere to all company policies as well as guidelines.
• Provide the necessary data inputs for various committees and meetings for department operations
Candidate Profile:
• Have strong knowledge of Reconciliation, Swifts, Payments, and accounting principles
• Needs to be a self-starter with significant ability to undertake initiatives.
• Diligent and attention to Detail
• Proficient in MS Excel.
• Effective communication skills to interact with various stakeholders and address issues.
• Understanding of System / operational processes and willingness to learn the process.
• Graduate Degree obtained.
• Desirable to have at least 1-3 years of relevant experience.
It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region – Vietin Bank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.
MUFG Global Service Private Limited (MGS)
Established in 2020, MUFG Global Service Private Limited (Formerly MUFG Enterprise Solutions India Private Limited) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. With a current headcount of above 1000, MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific.
About the Role:
Position Title: Administrator
Corporate Title: Administrator
Location: Bangalore
Job Profile:
Purpose of Role:
• Responsible managing various type of Cash reconciliations. Ensure ownership is identified for breaks and reporting of each break to the relevant owner and escalating the issues/breaks via pre-agreed criteria and matrix.
Main Responsibilities:
• Responsible for completion of day-to-day reconciliation activity as per standards and ensure accurate and timely delivery of assigned production duties.
• He/she needs to ensure team adherence to all cut-off times and quality of processing as maintained in SLAs.
• He/she should ensure that all queries related to routine activities are responded to within the time frame specified.
• He/she needs to escalate the feed related issues and system issue to appropriate support team on timely manner.
Other / Control:
• Able to identify the cause and assign the cash break to correct team for further investigation & resolution.
• Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business
• Provide input into local operations processes and workflows to deliver best practice, efficiency and mitigate risk.
• Prepares various MIS of the department to ensure proper control on the operations.
• Support in managing the risk profile for the department.
• Coordinate information to respond in a timely matter to auditors and regulators.
• Support in developing and updating policies to ensure alignment with all relevant regulations.
• Support internal and external audits within the department by collating/preparing documentation as required
• Adhere to all company policies as well as guidelines.
• Provide the necessary data inputs for various committees and meetings for department operations
Candidate Profile:
• Have strong knowledge of Reconciliation, Swifts, Payments, and accounting principles
• Needs to be a self-starter with significant ability to undertake initiatives.
• Diligent and attention to Detail
• Proficient in MS Excel.
• Effective communication skills to interact with various stakeholders and address issues.
• Understanding of System / operational processes and willingness to learn the process.
• Graduate Degree obtained.
• Desirable to have at least 1-3 years of relevant experience.
