Analyst, Specialist, Operations, Shared Services-Reconciliation

Job Description

Business Function Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Banks operational processes and inspire to delight our business partners through our multiple banking delivery channels. Job Purpose Needs to identify the risk & control issues through continuous monitoring and data analytics. The said candidate needs to collaborate with various stake holders on matter of reconciliation methodology, regulatory reporting, and control aspects for seamless functioning of the unit. To identify areas of risk and control and work with units to ensure the same are minimized. Excellent communication skills along with in depth analytical skill is mandatory. Key Accountabilities To supervise various Recon process and collaborate with units to ensure risk is mitigated in operational processes. Perform General Ledger substantiation & certifications of the Balance Sheet accounts and highlighting breaks if any in line with the defined policies of the bank. Responsible for monitoring out Daily reconciliation of all accounts in a timely and accurate manner whilst identifying breaks. Ensure defined Regulatory reporting s are carried out in a timely and accurate manner. Highlighting risks if any which are identified as a part of performing reconciliations and necessary regulatory reporting s. Resolution of the gaps identified by carrying out a root cause analysis & ensuring a permanent fix is put in place. Carry out an impact assessment and ensure items which can have an impact by way of introduction of a New Product launch are highlighted. Identifying areas wherein manual efforts are being carried out and work towards automation of the same. Guide and help Operations units and branches by resolving their queries pertain to processes and accounts. Required Skills Sound understanding of banking process and accounting requirements. Knowledge of account reconciliation concepts and Risk areas. Background of Banking laws and regulation applicable to India. Working in a very agile environment and excellent problem solving and analytical skills. Has delivered test maturity assessments, providing and successfully implementing an improvement plan. Experience in automation of reconciliation processes is an added advantage. Requirements Bachelor s degree in any dicipline Relavent experience in above mentioned areas. Experience in Spark framework is must. Strong knowledge of any Recon and TB balancing Core Competencies Strong planning, organizational and analytical skills Attention to detail and accuracy Effective problem-solving skills Computer literate, with a good understanding of Microsoft Excel & Power point. Able to work independently with strong teamwork values Good inter-personal and communication skills Work Relationship Collaboration with all units of the bank and working in a cohesive manner