Verified Job
Accounting - Finance
Senior Lead Analyst Managed Service Operations Nostro Reconciliations
Accounting - Finance
#359472
Remote / WFH
Job Description
Position Type :
Full time
Type Of Hire :
Experienced (relevant combo of work and education)
Education Desired :
Master of Business Administration
Travel Percentage :
0%
Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About the team
The primary function of the role will be to manage Nostro/Vostro (Bank) reconciliations in respect to failed payments/transfers to clearing houses, CCPs, clients or internal entities, intersystem reconciliations like Front office vs back office.
This job role requires key attention to detail, good understanding Nostro and Vostro account set ups, Swift messages, collateral management for OTC and ETD derivatives at various clearing Houses, CCPs break investigation and provide resolutions in a timely manner.
What you will be doing
Manage the delivery of the daily reconciliations (Post settlement) activities as per the Service Level Agreements (SLAs)
Nostro (Bank) reconciliations for failed transfers towards CCP, broker and clients.
intersystem reconciliations like Front office vs back office.
Identify, agree and escalate breaks in a timely manner in order to meet the required service standards
Resolve open breaks by working with the appropriate teams internally or externally to correct the identified discrepancy
Investigate and analyze root causes of breaks to try and prevent reoccurrence
Compile reporting to key process stakeholders around the recs function
Change Management/process improvements
Proactively identify areas for performance and control improvements
Understand the changes/amendments required in existing process functions or static for Reconciliations due to new client onboarding, market or broker changes or brokers onboarded, test the changes and ensure their implementation without any issues.
Articulate business cases to management/change/IT to execute and deliver on suggested improvements
Client Service
Build strong relationships with all client stakeholders, end clients, client representatives, finance teams.
Co-ordinate with different teams like clearing, margins and static for timely response and resolution of all queries.
Ensure accuracy and clarity in all deliverables to client stakeholders.
Risk Management
Monitor controls and checks associated with tasks in SOPs. Document these change in timely manner.
Constantly analyse all activities to close potential risks, gaps and implement preventative/detective controls
Ensure timely escalations in the event of a risk incident or whenever management attention is needed on a potential issue
What you bring:
Skills
Minimum of 2, 5, 8+ years of work experience in Futures/Options, OTC & Cash reconciliation function.
Good understanding of reconciliation tools –Intellimatch, TLM back office systems like GMI.
Good knowledge of Clearing Houses like LCH, EUREX, ICE Clear, CME, HKEX, SGX etc
Front to back understanding of the recs function, upstream dependencies and how it impacts processes downstream around clearing, margin and brokerage, so that complex queries can be addressed accurately and in a timely manner
Detailed understanding of exchange traded derivatives (OTC and Futures/Options)
High attention to detail and quality of outputs delivered.
Manage multiple simultaneous deliveries to tight deadlines.
Analytical and can solve problems quickly and innovatively.
Dynamic outlook, with the ability to adapt and change plans on the fly.
Delivery focussed; results driven.
Excellent communication and co ordinations skills.
Strong client service focus.
Qualifications
MBA Degree or equivalent
Competencies
Skill in project management, organization, communications, analytical and people skills
Skill in leading, supervising and managing effectively under pressure
Ability to be comfortable interacting and maintain positive working relationship with other stakeholders
Ability to analyze business needs and determine related information services support
Ability to manage activities and problem areas
Ability to delegate tasks to qualified subordinates as appropriate
Ability to lead, direct and manage effectively
Ability to operate independently
Ability to exhibit solid decision-making and problem-solving skills
Ability to communicate effectively verbally and in writing
Ability to build strategic roadmap for the function and further expansion of scope of functions
Ability to contribute towards budget saving automation ideas
Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands.
Added bonus if you have:
Experience dealing with large financial services clients.
Experience in Margins & Collateral Management for ETD & OTC Derivatives
Experience in Trade Clearing & Lifecycle process for ETD & OTC Derivatives
Knowledge of Front to Back Trade & Cash Settlement flows.
What we offer you
A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
A broad range of professional education and personal development possibilities – FIS is your final career step!
A competitive salary and benefits
A variety of career development tools, resources and opportunities.
With a 50-year history rooted in the financial services industry, FIS™ is the world's largest global provider dedicated to financial technology solutions. We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries. Our technology powers billions of transactions annually that move over $+ trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the FIS Online Privacy Notice.
Privacy Statement
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
#pridepass
Full time
Type Of Hire :
Experienced (relevant combo of work and education)
Education Desired :
Master of Business Administration
Travel Percentage :
0%
Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About the team
The primary function of the role will be to manage Nostro/Vostro (Bank) reconciliations in respect to failed payments/transfers to clearing houses, CCPs, clients or internal entities, intersystem reconciliations like Front office vs back office.
This job role requires key attention to detail, good understanding Nostro and Vostro account set ups, Swift messages, collateral management for OTC and ETD derivatives at various clearing Houses, CCPs break investigation and provide resolutions in a timely manner.
What you will be doing
Manage the delivery of the daily reconciliations (Post settlement) activities as per the Service Level Agreements (SLAs)
Nostro (Bank) reconciliations for failed transfers towards CCP, broker and clients.
intersystem reconciliations like Front office vs back office.
Identify, agree and escalate breaks in a timely manner in order to meet the required service standards
Resolve open breaks by working with the appropriate teams internally or externally to correct the identified discrepancy
Investigate and analyze root causes of breaks to try and prevent reoccurrence
Compile reporting to key process stakeholders around the recs function
Change Management/process improvements
Proactively identify areas for performance and control improvements
Understand the changes/amendments required in existing process functions or static for Reconciliations due to new client onboarding, market or broker changes or brokers onboarded, test the changes and ensure their implementation without any issues.
Articulate business cases to management/change/IT to execute and deliver on suggested improvements
Client Service
Build strong relationships with all client stakeholders, end clients, client representatives, finance teams.
Co-ordinate with different teams like clearing, margins and static for timely response and resolution of all queries.
Ensure accuracy and clarity in all deliverables to client stakeholders.
Risk Management
Monitor controls and checks associated with tasks in SOPs. Document these change in timely manner.
Constantly analyse all activities to close potential risks, gaps and implement preventative/detective controls
Ensure timely escalations in the event of a risk incident or whenever management attention is needed on a potential issue
What you bring:
Skills
Minimum of 2, 5, 8+ years of work experience in Futures/Options, OTC & Cash reconciliation function.
Good understanding of reconciliation tools –Intellimatch, TLM back office systems like GMI.
Good knowledge of Clearing Houses like LCH, EUREX, ICE Clear, CME, HKEX, SGX etc
Front to back understanding of the recs function, upstream dependencies and how it impacts processes downstream around clearing, margin and brokerage, so that complex queries can be addressed accurately and in a timely manner
Detailed understanding of exchange traded derivatives (OTC and Futures/Options)
High attention to detail and quality of outputs delivered.
Manage multiple simultaneous deliveries to tight deadlines.
Analytical and can solve problems quickly and innovatively.
Dynamic outlook, with the ability to adapt and change plans on the fly.
Delivery focussed; results driven.
Excellent communication and co ordinations skills.
Strong client service focus.
Qualifications
MBA Degree or equivalent
Competencies
Skill in project management, organization, communications, analytical and people skills
Skill in leading, supervising and managing effectively under pressure
Ability to be comfortable interacting and maintain positive working relationship with other stakeholders
Ability to analyze business needs and determine related information services support
Ability to manage activities and problem areas
Ability to delegate tasks to qualified subordinates as appropriate
Ability to lead, direct and manage effectively
Ability to operate independently
Ability to exhibit solid decision-making and problem-solving skills
Ability to communicate effectively verbally and in writing
Ability to build strategic roadmap for the function and further expansion of scope of functions
Ability to contribute towards budget saving automation ideas
Ability to meet conflicting priorities by ensuring effective prioritization and meeting the business demands.
Added bonus if you have:
Experience dealing with large financial services clients.
Experience in Margins & Collateral Management for ETD & OTC Derivatives
Experience in Trade Clearing & Lifecycle process for ETD & OTC Derivatives
Knowledge of Front to Back Trade & Cash Settlement flows.
What we offer you
A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
A broad range of professional education and personal development possibilities – FIS is your final career step!
A competitive salary and benefits
A variety of career development tools, resources and opportunities.
With a 50-year history rooted in the financial services industry, FIS™ is the world's largest global provider dedicated to financial technology solutions. We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries. Our technology powers billions of transactions annually that move over $+ trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the FIS Online Privacy Notice.
Privacy Statement
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
#pridepass
