At a Glance
- Tasks: Perform daily and monthly bank reconciliations, ensuring accuracy and compliance.
- Company: Join the Ballinger Group, a leader in financial services with a focus on innovation.
- Benefits: Gain valuable experience in a regulated environment with opportunities for growth.
- Other info: Dynamic role with a chance to work independently and manage multiple priorities.
- Why this job: Make an impact by safeguarding client funds and enhancing financial accuracy.
- Qualifications: 2-5 years in financial services, with strong reconciliation skills.
The predicted salary is between 30000 - 40000 £ per year.
The Junior Treasury & Bank Reconciliation Officer will be responsible for performing daily and monthly reconciliations of bank accounts, safeguarding accounts, and payment flows for all the firms within the Ballinger Group. The role ensures accuracy of financial records, timely identification of discrepancies, and compliance with FCA and MFSA regulatory requirements, including safeguarding of client funds. A successful candidate is expected to have knowledge of, and an interest in, Group treasury management operations.
Key Responsibilities
- Perform daily, weekly, and monthly bank reconciliations across multiple currencies and firms.
- Reconcile client funds, safeguarding accounts, settlement accounts, and operational accounts.
- Reconcile transaction flows between core payments platform, bank statements, and liquidity providers statements.
- Investigate and resolve discrepancies and unmatched transactions in a timely manner.
- Maintain reconciliation logs, ageing reports, and audit trails.
- Support client money safeguarding reconciliations in line with regulatory requirements.
- Assist in monitoring segregation of client funds from company funds.
- Prepare reconciliation evidence for internal controls, audits, and regulatory reviews.
- Support external auditors and regulators with documentation and explanations.
- Produce daily and monthly reconciliation reports for management and daily treasury and cash flow reports.
- Escalate unresolved items and operational risks promptly.
- Support improvements to reconciliation processes and controls.
- Assist with month-end close activities.
- Produce daily cash position reports.
- Maintain client and counterparty margin logs and reporting.
- Liaise with operations teams, finance teams, compliance and risk teams.
- Support onboarding of new bank accounts, liquidity providers, or payment methods from a reconciliation perspective.
Key Skills & Competencies
Technical Skills
- Strong experience in bank and payment reconciliations.
- Understanding of PSP / EMI transaction flows (SEPA, Faster Payments, SWIFT etc.).
- Multi-currency reconciliation experience.
- Experience with accounting systems and reconciliation tools.
Regulatory & Industry Knowledge
- Knowledge of EMI/PSP regulatory requirements.
- Understanding of client money concepts and segregation.
Soft Skills
- High attention to detail and accuracy.
- Strong analytical and problem‑solving skills.
- Ability to work under tight deadlines.
- Clear communication and escalation skills.
- Strong sense of ownership and accountability.
Experience & Qualifications
Essential
- 2–5 years’ experience in a regulated financial services environment (PSP, EMI, bank, fintech).
- Proven experience performing daily bank and safeguarding reconciliations.
- Experience working with multiple bank accounts.
- Knowledge of treasury management operations.
Desirable
- Experience in both UK and EU regulated environments.
- Knowledge of accounting standards relevant to financial institutions.
- Part‑qualified or studying towards ACCA, CIMA, or equivalent.
Skills and Attributes
- High level of technical aptitude and process orientation.
- Proactive and self‑motivated, with the ability to work independently in a part‑time capacity.
- Strong organisational skills and ability to manage multiple priorities effectively.
- Professional integrity and reliability.
Junior Treasury and Bank Reconciliation Officer in City of Westminster employer: Ballinger Group
At Ballinger Group, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. Our Junior Treasury & Bank Reconciliation Officer role offers not only competitive benefits but also ample opportunities for professional growth within the dynamic financial services sector. Located in a vibrant area, our team enjoys a supportive environment that encourages innovation and continuous improvement, making it a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Treasury and Bank Reconciliation Officer in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to people in the finance and treasury sectors on LinkedIn. Join relevant groups and participate in discussions to get your name out there. You never know who might have a lead on a Junior Treasury role!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of bank reconciliations and regulatory requirements. Be ready to discuss your experience with multi-currency transactions and how you handle discrepancies. Show them you’re the detail-oriented candidate they need!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you, especially those that mention treasury management or financial services. Tailor your approach to each company’s values and needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the Junior Treasury position.
We think you need these skills to ace Junior Treasury and Bank Reconciliation Officer in City of Westminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in bank and payment reconciliations. We want to see how your skills align with the role, so don’t be shy about showcasing your multi-currency experience and any relevant regulatory knowledge.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re interested in the Junior Treasury & Bank Reconciliation Officer role and how your background makes you a great fit. Keep it concise but impactful!
Showcase Your Attention to Detail:In this role, accuracy is key. When writing your application, make sure there are no typos or errors. We appreciate candidates who demonstrate a strong sense of ownership and accountability right from the start.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Ballinger Group
✨Know Your Numbers
Brush up on your knowledge of bank and payment reconciliations, especially in a multi-currency context. Be ready to discuss specific examples from your past experience where you successfully identified discrepancies or improved reconciliation processes.
✨Understand Regulatory Requirements
Familiarise yourself with FCA and MFSA regulations, particularly around client money safeguarding. Being able to articulate how you’ve ensured compliance in previous roles will show that you’re serious about the responsibilities of the position.
✨Showcase Your Analytical Skills
Prepare to demonstrate your problem-solving abilities. Think of scenarios where you had to investigate and resolve unmatched transactions or discrepancies, and be ready to explain your thought process during the interview.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely. Since the role involves liaising with various teams, showcasing your communication skills will be crucial. Consider preparing a few questions to ask the interviewer about team dynamics and collaboration.
