At a Glance
- Tasks: Lead cash and stock reconciliations, investigate discrepancies, and mentor team analysts.
- Company: Join Schroders, a global investment manager with over 200 years of experience.
- Benefits: Enjoy competitive pay, local community support, and opportunities for growth.
- Other info: Be part of a dynamic team with excellent career advancement opportunities.
- Why this job: Make a real impact in a fast-paced environment while developing your skills.
- Qualifications: Experience in cash and stock reconciliation and strong investigative skills required.
The predicted salary is between 50000 - 70000 £ per year.
Within this role you will work to ensure the integrity of custody and cash position data and the complete reconciliation, investigation and allocation of all breaks in cash and securities. You will also liaise with an array of operational teams to ensure that breaks are investigated and resolved and that issues are tracked to resolution. You will act as a mentor and escalation point for the team’s Analysts supporting them on a daily basis. You will thrive in a fast-paced environment with an emphasis on meeting tight deadlines and a strong interest in learning and harnessing technology. You will be flexible, creative and curious enough to take on a challenge, rather than tick off set tasks on a to-do list.
What you’ll do:
- Accountable for allocated portfolios, proactive investigation and timely follow up of queries arising from internal stakeholders, clients, counterparties, custodians and administrators.
- Perform custody transaction and position reconciliation against internal records.
- Maintain ownership of daily cash and stock breaks by conducting investigation on differences, and monitoring through timely resolution with processing teams and custodians/administrators.
- Perform outstanding OTC bilateral collateral and outstanding position reconciliation, outstanding fixed deposit positions, between internal and counterparty records and monitor through breaks resolution in a timely manner.
- Validate and update internal records with relevant transactions, such as fees and income.
- Daily reconciliation of Treasury trade confirmation.
- Requesting statements of holdings and balances from custodians and fund transfer agents.
- Managing the accuracy and continuity of data within the supported systems.
- Work through high volumes, prioritise, and manage workload according to risk or deadlines.
- Escalate potential problems before they become a risk.
- Meet all deadlines and ensure procedures and controls are fully implemented.
- Assist reviewing and update procedures, implement improvements and enforce stringent controls.
- Be the first point of escalation for analysts on BAU matters, conducting root cause analysis on issues.
- Assist in the training and development of staff.
- Meet the needs of our business partners and internal clients establishing and maintaining strong working relationships with internal functions and external counterparts.
- Provide specialist product knowledge.
- Contribute to department and Company initiatives and projects.
The knowledge, experience and qualifications you need:
- Experience in cash and stock reconciliation via Swift, and in manual reconciliation.
- Strong and proven investigations skills preferred (liaising with internal).
Reconciliations Lead Analyst 1 employer: Schroders
At Schroders, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Horsham, West Sussex, where innovation meets community. Our commitment to employee growth is evident through mentorship opportunities and a culture that encourages curiosity and creativity, ensuring that you can thrive while contributing to meaningful projects within a global FTSE 100 company. With a focus on collaboration and support, you'll find a workplace that not only values your ambitions but also fosters a genuine sense of belonging.
StudySmarter Expert Advice🤫
We think this is how you could land Reconciliations Lead Analyst 1
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Schroders. A friendly chat can open doors that applications alone can't. Use LinkedIn to connect and engage with potential colleagues.
✨Tip Number 2
Prepare for interviews by diving deep into the role. Understand the ins and outs of cash and stock reconciliation, and be ready to discuss how your skills align with the job. Show them you’re not just ticking boxes!
✨Tip Number 3
Practice your problem-solving skills! Since this role involves investigating breaks and resolving issues, think of examples from your past where you tackled challenges head-on. Be ready to share these stories during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Schroders community.
We think you need these skills to ace Reconciliations Lead Analyst 1
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Reconciliations Lead Analyst role. Highlight your experience in cash and stock reconciliation, as well as any relevant investigations you've conducted. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this role at Schroders and how your background makes you a perfect fit. Don’t forget to mention your interest in technology and how you thrive in fast-paced environments – we love that!
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in previous roles. We’re looking for creative thinkers who can investigate and resolve issues effectively. Share specific instances where you’ve turned potential problems into solutions!
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’re considered for the role. Plus, it shows you’re keen on joining our community here at Schroders!
How to prepare for a job interview at Schroders
✨Know Your Numbers
Make sure you brush up on your cash and stock reconciliation skills. Be prepared to discuss specific examples of how you've handled discrepancies in the past, especially using Swift or manual methods. This will show that you have the practical experience needed for the role.
✨Showcase Your Problem-Solving Skills
During the interview, highlight your ability to investigate and resolve issues. Share a story where you identified a problem, conducted root cause analysis, and implemented a solution. This demonstrates your proactive approach and analytical mindset, which are crucial for this position.
✨Emphasise Teamwork and Mentorship
Since you'll be acting as a mentor for analysts, talk about your experience in training or supporting team members. Discuss how you foster collaboration and maintain strong working relationships with both internal teams and external counterparts. This will illustrate your leadership qualities.
✨Be Ready for a Fast-Paced Environment
Prepare to discuss how you manage high volumes of work and tight deadlines. Share strategies you use to prioritise tasks and ensure timely resolution of issues. This will show that you can thrive in a dynamic setting, which is essential for success at Schroders.
