Overview
Ensures all transfer fee income and related transactions are accurately reconciled, processed and reported for Global Capital Markets (GCM) clients. Manages a high volume of manual transactions, updating multiple systems, investigating and resolving outstanding items, and producing profit and loss reporting.
Overview
Ensures all transfer fee income and related transactions are accurately reconciled, processed and reported for Global Capital Markets (GCM) clients. Manages a high volume of manual transactions, updating multiple systems, investigating and resolving outstanding items, and producing profit and loss reporting.
Primary Responsibilities
- Reconcile and process a high volume of large transfer fee transactions for GCM clients daily; investigate and resolve reconciliation breaks and unmatched items.
- Process fee returns, adjustments and corrections as required; support profit and loss analysis by ensuring accurate capture of fee income and adjustments.
- Maintain accurate records across multiple internal systems.
- Monitor outstanding receivables and proactively chase unpaid amounts.
- Ensure all transactions are processed within defined service levels and control standards.
- Produce monthly reporting relating to transfer fee activity and profitability.
- Escalate issues, trends or risks that could impact revenue collection or operational performance; identify opportunities to improve existing processes and controls while working within a largely manual environment.
- Maintain strong audit trails and supporting documentation for all processing activities.
- Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
- Promote an environment that supports a culture of belonging and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.
Supervisory/Managerial Responsibilities
Not Applicable
Education and Experience Required
- Combined minimum of 3 years’ higher education and/or work experience
- Detail-oriented
- Demonstrated organizational skills
- Demonstrated time management skills
- Demonstrated numerical
- Demonstrated analytical skills
- Prior experience with pertinent spreadsheet software
Education and Experience Preferred
- Previous experience in a reconciliation, nostro, cash management, settlements, operations and/or financial control environment
- Ability to investigate and resolve discrepancies
- Prior experience working with multiple systems
- Understanding of fee processing, cash reconciliations and/or revenue reconciliation activities
- Experience producing operational and financial reporting
Location
London, United Kingdom
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Transfer Fee Reconciliation Analyst - UK employer: M&T Bank
M&T Bank is an exceptional employer that prioritises employee development and a supportive work culture in Nottingham. With a focus on enhancing customer experiences, employees are encouraged to grow through comprehensive training and career advancement opportunities, all while enjoying a collaborative environment that values service excellence and innovation.
