At a Glance
- Tasks: Ensure financial data accuracy and resolve discrepancies in trading operations.
- Company: Join Bank of Africa UK Plc, a leader in financial services.
- Benefits: Flexible part-time hours, competitive pay, and valuable industry experience.
- Why this job: Gain hands-on experience in finance while enhancing your analytical skills.
- Qualifications: 2+ years in reconciliation or operations; strong analytical and problem-solving skills.
- Other info: Collaborative team environment with opportunities for professional growth.
Overview: (Core accountabilities; aims of position; specific responsibilities)
Middle office reconciliation analyst roles involve ensuring the accuracy and completeness of financial data within Bank of Africa UK Plc, particularly in the context of trading and investment operations. The analyst will reconcile various financial records, identify discrepancies, and work with other teams to resolve any issues. The successful candidate will support operational controls and reconciliation processes, ensuring accurate and timely validation of trades, cash, and position breaks across a range of asset classes. The role plays a key part in maintaining the integrity of internal systems and enhancing operational risk controls.
Responsibilities: (Day-to-day duties; job process; “typical day”)
- Weekly and monthly reconciliation of client funds, internal ledgers and external accounts.
- Ensuring the accuracy and completeness of financial data across trading and operational systems.
- Investigating and resolving reconciliation discrepancies, escalating issues as needed.
- Analysing data quality, developing procedures, and enhancing reconciliation tools and systems.
- Compiling and presenting reconciliation statistics and trade information.
- Maintaining financial integrity and regulatory compliance through accurate reconciliations.
- Support end-of-day processes, ensuring all trades are matched and confirmed with counterparties or clearing brokers.
- Liaise with Front Office, Back Office, Global Business & Development, Risk and Finance teams to ensure alignment and data consistency.
- Maintain clear audit trails and documentation of reconciliation processes and exceptions.
- Assist with month-end and regulatory reporting requirements as needed.
- Contribute to continuous improvement efforts by identifying inefficiencies and supporting automation initiatives.
- Comply with internal policies, controls and procedures related to reconciliation and operational risk management.
Qualification and Experience needed:
- Understanding of various asset classes (e.g., derivatives, fixed income, OTC products) and their lifecycles.
- Prior experience (2+ years) in a reconciliation, middle office, or operations role within a wholesale or investment banking environment.
- Ability to analyse large datasets, identify trends, and draw conclusions.
- Experience in investigating and resolving reconciliation breaks.
- Technical Skills: Proficiency in relevant systems (e.g., TLM/TLP, IntelliMatch) and potentially in tools like SQL or Python.
- Strong understanding of trade lifecycle, financial products (e.g., FX, fixed income, derivatives), and settlement flows.
- Familiarity with reconciliation tools and systems (e.g., Intellimatch, SmartStream, or similar platforms) is preferred.
- High attention to detail and strong problem-solving skills.
- Proficient in Microsoft Excel; experience with data analysis tools (e.g., VBA, SQL) is a plus.
- Strong interpersonal and communication skills, with the ability to work effectively across teams and departments.
- Knowledge of UK and international regulatory frameworks (e.g., EMIR, MiFID II) is advantageous.
Part-Time, 4 – half days in the office.
(Part-time) Middle Office Reconciliation Analyst employer: BANK OF AFRICA UNITED KINGDOM Plc
Contact Detail:
BANK OF AFRICA UNITED KINGDOM Plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land (Part-time) Middle Office Reconciliation Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of asset classes and reconciliation processes. Be ready to discuss your experience with financial data and how you’ve tackled discrepancies in the past. Confidence is key!
✨Tip Number 3
Showcase your technical skills! If you’re familiar with tools like SQL or Python, make sure to highlight that in conversations. Employers love candidates who can bring tech-savvy solutions to the table.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who want to contribute to our team at Bank of Africa UK Plc.
We think you need these skills to ace (Part-time) Middle Office Reconciliation Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Middle Office Reconciliation Analyst role. Highlight your experience with financial data, reconciliation processes, and any relevant tools you've used. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Be sure to mention your understanding of asset classes and your problem-solving skills – we love that!
Showcase Your Technical Skills: Don’t forget to mention your proficiency in systems like TLM/TLP or IntelliMatch, and any experience with SQL or Python. We’re looking for someone who can dive into data analysis, so let us know what you’ve got!
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 don’t miss out on any important updates. Plus, we love seeing applications come in through our own channels!
How to prepare for a job interview at BANK OF AFRICA UNITED KINGDOM Plc
✨Know Your Financial Products
Make sure you brush up on your understanding of various asset classes like derivatives and fixed income. Being able to discuss their lifecycles confidently will show that you're not just familiar with the terms, but you truly understand how they work in practice.
✨Demonstrate Your Analytical Skills
Prepare to showcase your ability to analyse large datasets. Bring examples of how you've identified trends or resolved discrepancies in past roles. This will help illustrate your problem-solving skills and attention to detail, which are crucial for this position.
✨Familiarise Yourself with Reconciliation Tools
If you have experience with tools like TLM/TLP or IntelliMatch, be ready to discuss it. If not, do a bit of research on these systems and be prepared to talk about how you would approach learning them quickly. Showing initiative here can really set you apart.
✨Communicate Effectively
Since this role involves liaising with various teams, practice articulating your thoughts clearly. Think of examples where you've successfully collaborated across departments. Strong interpersonal skills can make a big difference in how you’re perceived during the interview.