At a Glance
- Tasks: Perform daily and monthly bank reconciliations and ensure accuracy of financial records.
- Company: Join the Ballinger Group, a leader in financial services with a focus on compliance.
- Benefits: Gain valuable experience in a regulated environment while developing your financial skills.
- Other info: Flexible part-time role with opportunities for professional growth and development.
- Why this job: Make an impact by safeguarding client funds and ensuring smooth payment flows.
- Qualifications: 2-5 years in financial services, with strong analytical and problem-solving 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 employer: Job Search Place Limited
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, we encourage our employees to thrive through continuous learning and development while ensuring compliance and accuracy in all financial operations.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Treasury and Bank Reconciliation Officer
✨Tip Number 1
Network like a pro! Reach out to people in the finance and treasury sectors, especially those who work at companies you're interested in. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of bank reconciliations and regulatory requirements. We recommend practising common interview questions related to financial services to show off your expertise and confidence.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications after a week or so. A quick email can remind them of your interest and keep you on their radar. Plus, it shows your enthusiasm for the role!
✨Tip Number 4
Check out our website for the latest job openings. We regularly update our listings, and applying directly through us can give you a better chance of landing that Junior Treasury & Bank Reconciliation Officer role!
We think you need these skills to ace Junior Treasury and Bank Reconciliation Officer
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. We love seeing enthusiasm and a clear understanding of the job!
Showcase Your Soft Skills:While technical skills are crucial, don’t forget to highlight your soft skills too! We’re looking for someone with strong analytical abilities and attention to detail, so share examples that demonstrate these traits in your application.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re proactive and keen on joining our team!
How to prepare for a job interview at Job Search Place Limited
✨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. Highlight your attention to detail and how it has helped you maintain accurate financial records.
✨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 will be a big plus. Prepare some examples of how you’ve collaborated with operations, finance, or compliance teams in the past.
