At a Glance
- Tasks: Manage and improve multi-branch Nostro and suspense reconciliations for accuracy.
- Company: Join Europe Arab Bank, a leader in financial services with a collaborative environment.
- Benefits: Gain valuable experience in finance with potential for career growth.
- Other info: Dynamic role with opportunities for cross-training and skill development.
- Why this job: Make a real impact by enhancing reconciliation processes and driving improvements.
- Qualifications: Experience in reconciliations and proficiency in Intellimatch or similar platforms.
The predicted salary is between 35000 - 45000 € per year.
At Europe Arab Bank we are looking to hire a specialist reconciliations analyst to support in a BAU position for a temporary period of 3-6 months.
Job Purpose
To provide focused accurate control of multi branch Nostro and suspense reconciliations processes. Drive auto-matching levels ensuring 100% accuracy of matched items. Additionally, the role requires the individual to identify gaps in the process, provide remedial recommendations and suggest general improvements to deliver a quality and effective level of support. Assist other members of staff within Operations as and when required.
Principal Accountabilities & Duties
- Perform daily reconciliation of the Nostro and suspense accounts including single and multiple matching post auto-reconciliation process as well as reconciling Client Equities and EAB London Stock reconciliations.
- Analyse outstanding items, ensuring that transactions are allocated within the required timescales for the EAB branches and all branch delivery deadlines are met.
- Perform manual matching after advice from EAB branches and departments.
- Actively pursue process improvements and constantly review and enhance working practices.
- Allocation of ownership and review internal and suspense account items including mid-month and month-end review.
- Develop and maintain excellent working relationships with internal and branch clients.
- Manage true Nostro outstanding items in Intellitracs cases.
- Conduct comprehensive cross training to provide cover at all times for reconciliation and control functions.
- Perform any other duties required to support the Senior Manager – Operations Control in initiatives to improve auto matching rates and system enhancements.
- Preparation of reporting including aged items, chaser and exception reports by branch.
- Monitoring and calculating all interest charges on accounts.
- Advise and manage EAB’s external Nostro balances next day.
- Ensure positioning is reconciled to the external account and all material discrepancies actively pursued and managed.
- Open Accounts: Setup new suppliers.
- Reconcile accounts owned by Reconciliations and BDC under GLO sign off procedure.
- Reconcile Brokerage reports to Kondor+ and provide report to the Front Office.
- Support / backup for investigations, verification of SWIFT's, signoff on returned payments.
- Ensure all relevant SOP's are kept updated.
- Ensure that the internal and external feeds (Ledger, balances plus MT940/50) are successfully uploaded overnight to enable a full and concise reconciliation of the Bank’s Nostro’s is performed.
Skills/Qualifications/Experience required:
- Relevant industry experience, including competency in Intellimatch.
- Knowledge of back office multi branch processing a distinct advantage.
- Competency in Microsoft Office suite.
- Able to write concise reports, business correspondence and procedure manuals.
- Nostro reconciliations experience essential.
- Previous experience using Intellimatch platform or relevant comparable platform e.g. Osfin, SmartStream TLM, Duco, and AutoRek.
Reconciliations specialist in Slough employer: Europe Arab Bank
At Europe Arab Bank, we pride ourselves on fostering a collaborative and supportive work environment that empowers our employees to excel in their roles. As a Reconciliations Specialist, you will benefit from our commitment to professional development, with opportunities for cross-training and process improvement initiatives that enhance your skills. Located in a dynamic financial hub, we offer a unique chance to engage with diverse teams while contributing to the bank's operational excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Reconciliations specialist in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sector. Let them know you're on the lookout for a reconciliations specialist role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Nostro reconciliations and the tools mentioned in the job description, like Intellimatch. Practice common interview questions and think about how your experience aligns with the role. Confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that excite you! Use our website to find roles that match your skills and interests. Tailor your approach to each application, showing why you’re the perfect fit for their team.
✨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 position.
We think you need these skills to ace Reconciliations specialist in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Reconciliations Specialist. Highlight your relevant experience with Nostro reconciliations and any specific tools like Intellimatch. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Mention your experience in multi-branch processing and how you can drive improvements in our reconciliation processes. Let us know why you want to join StudySmarter!
Showcase Your Analytical Skills:Since the role involves analysing outstanding items and improving processes, make sure to highlight your analytical skills in your application. Share examples of how you've identified gaps and implemented solutions in previous roles. We love seeing problem solvers!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Europe Arab Bank
✨Know Your Reconciliation Basics
Make sure you brush up on your knowledge of Nostro and suspense reconciliations. Be ready to discuss your experience with auto-matching processes and how you've ensured accuracy in previous roles. This will show that you understand the core responsibilities of the position.
✨Showcase Process Improvement Skills
Prepare examples of how you've identified gaps in reconciliation processes and implemented improvements. Companies love candidates who can drive efficiency, so be specific about the changes you made and the positive outcomes that followed.
✨Familiarise Yourself with Relevant Tools
If you have experience with Intellimatch or similar platforms like SmartStream TLM, make sure to highlight this during your interview. If you haven't used these tools before, do some research and be ready to discuss how you would adapt to new software quickly.
✨Build Rapport with Interviewers
Since the role involves working closely with internal and branch clients, demonstrate your interpersonal skills during the interview. Engage with your interviewers, ask questions about their experiences, and show genuine interest in the team dynamics at Europe Arab Bank.
