At a Glance
- Tasks: Perform daily reconciliations and enhance banking processes in a dynamic environment.
- Company: Reputable International Bank located in the vibrant West End of London.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Contract role with potential for career advancement in banking operations.
- Why this job: Join a leading bank and make a real impact on financial operations.
- Qualifications: Experience in Nostro reconciliations and familiarity with reconciliation tools like Intellimatch.
The predicted salary is between 31500 - 38500 £ per year.
West End based International Bank seeks a Reconciliations Officer with strong Nostro reconciliation experience gained in Banking or Financial Services. Previous experience using the Intellimatch platform or similar reconciliation matching tools such as Osfin, SmartStream TLM, Duco, and AutoRek is highly desirable.
Contract: 3-6 Month FTC - must be immediately available or on short notice
Salary: £55,000 - £60,000
Location: London, West End
Industry Experience: Nostro Reconciliations from International Banking or Financial Services
JOB FUNCTION
The role is required for a period of 3-6 months as the work will be outsourced. Alongside the BAU, the successful candidate will have to complete the handover and train the offshore team.
KEY RESPONSIBILITIES
- 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 London Stock reconciliations.
- Analyse outstanding items, ensuring that transactions are allocated within the required timescales for the branches and all branch delivery deadlines are met.
- Perform manual matching.
- 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.
- Preparation of reporting including aged items, chaser and exception reports by branch.
- Monitoring and calculating all interest charges on accounts.
- Advise and manage external Nostro balances next day.
- Ensure positioning is reconciled to the external account and all material discrepancies actively pursued and managed.
- 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 Nostros to be performed.
ESSENTIAL EXPERIENCE REQUIRED
- Relevant Banking or FS industry experience, including competency in Intellimatch - Preferred
- Nostro reconciliations experience is essential
- Knowledge of back office multi-branch processing
- Able to write concise reports, business correspondence and procedure manuals
- Previous experience using Intellimatch or Osfin, SmartStream TLM, Duco, and AutoRek
Reconciliations Officer employer: KennedyPearce Consulting
KennedyPearce Consulting is an excellent employer, offering a dynamic work environment in the heart of Greater London, where creativity meets finance in the vibrant TV production industry. Employees benefit from a supportive culture that prioritises professional growth, with clear pathways for advancement and the potential for permanent positions. Join us to be part of a team that values collaboration and innovation, making your contributions meaningful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Reconciliations Officer
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like KennedyPearce Consulting.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like KennedyPearce Consulting might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Reconciliations Officer
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at KennedyPearce Consulting will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at KennedyPearce Consulting. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give KennedyPearce Consulting confidence in your short-term commitment to the role.
How to prepare for a job interview at KennedyPearce Consulting
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with KennedyPearce Consulting.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure KennedyPearce Consulting that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
