At a Glance
- Tasks: Perform daily and monthly bank reconciliations and ensure compliance with regulations.
- 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: Flexible part-time role with a supportive team and professional development opportunities.
- Why this job: Make an impact by safeguarding client funds and ensuring financial accuracy.
- Qualifications: 2-5 years in financial services and strong analytical skills required.
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:- Bank & Payment Reconciliations
- 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.
- Safeguarding & Regulatory Compliance
- Support client money safeguarding reconciliations in line with relevant 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.
- Reporting & Controls
- Produce daily and monthly reconciliation reports for management.
- Produce 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.
- Maintenance of client and counterparty margin logs and reporting.
- Stakeholder Collaboration
- Liaise with operations teams, finance teams, and compliance and risk teams.
- Support onboarding of new bank accounts, liquidity providers, or payment methods from a reconciliation perspective.
- 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.
- 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.
- 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 London 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 and Bank Reconciliation Officers benefit from comprehensive training and development opportunities, ensuring career growth in the dynamic financial services sector. Located in a vibrant area, we offer competitive remuneration, flexible working arrangements, and a commitment to employee well-being, making us an ideal choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Treasury and Bank Reconciliation Officer in London
✨Network Like a Pro
Get out there and connect with people in the finance world! Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Ace the Interview
Prepare for your interviews by researching the company and understanding their treasury operations. Be ready to discuss your experience with bank reconciliations and how you handle discrepancies. Show them your analytical skills and attention to detail – they’ll love it!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a great way to express your appreciation and reiterate your interest in the role. Plus, it keeps you fresh in their minds as they make their decision.
✨Apply Through Our Website
Make sure to apply for the Junior Treasury and Bank Reconciliation Officer position through our website. It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Junior Treasury and Bank Reconciliation Officer in London
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 relevant experience!
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 position and how your background makes you a great fit for our team.
Showcase Your Attention to Detail:In this role, accuracy is key. When writing your application, make sure to proofread for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional.
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 bank and payment reconciliation skills. Be ready to discuss your experience with multi-currency reconciliations and how you've handled discrepancies in the past. This shows you’re not just familiar with the concepts but have practical knowledge too.
✨Understand Regulatory Requirements
Familiarise yourself with FCA and MFSA regulations, especially around client money safeguarding. Being able to articulate how you ensure compliance in your previous roles will impress the interviewers and show that you take regulatory matters seriously.
✨Showcase Your Analytical Skills
Prepare examples of how you've used your analytical skills to solve problems in previous positions. Whether it’s resolving unmatched transactions or improving reconciliation processes, having specific instances ready will demonstrate your capability and attention to detail.
✨Communicate Clearly
Practice explaining complex financial concepts in simple terms. You’ll likely need to liaise with various teams, so showing that you can communicate effectively is key. Think about how you would explain a reconciliation process to someone without a finance background.
