Reconciliation Administrator. Luxemburgo

Driven by a sound risk awareness, the ideal candidate will process cash and securities reconciliation of holdings held with external counterparties, perform a second level of controls to confirm the holdings appropriately registered, and follow and report adequately all cash and securities discrepancies.

Key Accountabilities

    Daily reconciliation of dedicated cash and/or securities accounts (accounting versus holdings confirmed by external counterparties).                                    

    Analysis of holding discrepancies and allocation of outstanding items to concerned business entities. Ensure a close follow-up of breaks and contribute to a timely discrepancies resolution and escalation when needed to the management, with a specific careful attention to riskiest items.            

    Act together with business entities and external counterparties for specific investigations.        

    Develop regular contact and build strong relationship with internal clients, business stakeholders and external counterparties.                                        

    Ensure a good knowledge on the counterparties processes in order to better manage accounts to reconcile.                                            

    Participate in temporary tasks on physical reconciliation (precious metals and physical shares).    

    Write operations guidelines in his/her business area.                            

    Contribute to continuous improvement processes and projects in the scope of the Reconciliation Dept.cts in the scope of the Reconciliation Dept.

Knowledge and Experience

    Bachelor's Degree in Finance, Economics or similar is an advantage

    Experienced less than 5 years in Banking activities

    High risk awareness

    Good understanding of operational departments and its interactions

    Good understanding of operational processes in relation to each business activity within Operations

    Good understanding of financial instruments characteristics

Attributes and Qualities

    High adaptability to a complex multi-system environment

    Excellent interpersonal skills

    Good organization

    Rigorous, tenaciousness and challenging spirit

    Strong analytical skills and ability to summarize

    Team working skills

Technical Skills

    Proficient use of MS Office (Excel, Word)

Languages Skills

    Fluent in English and French, any other language is an advantage