Team Lead - Reconciliation

Responsibilities:

• Reconciliation Oversight:

  Lead and oversee the daily, weekly, and monthly reconciliation processes between client data, administrator data, and prime broker data, ensuring accuracy and completeness.

• Discrepancy Research & Resolution:

  Conduct in-depth research on pending cash, position, OTE (Open Trade Equity), and trade discrepancies, identifying root causes and developing solutions.

• External Follow-up:

  Drive daily follow-ups with external sources, including clients and brokers, to ensure faster resolution of identified breaks and discrepancies.

• Stakeholder Interaction:

  Interact professionally and effectively with Portfolio Managers and Prime Brokers via phone and email to facilitate the resolution of fund-related queries and issues.

• UAT Participation:

  Actively work on User Acceptance Testing (UAT) environments for the thorough testing of new functionalities related to reconciliation processes.

• Team Support & Mentorship:

  Provide direct assistance and guidance to team members in their break resolution efforts, fostering a collaborative and supportive environment.

• SLA Achievement:

  Proactively assist the manager and the team in meeting and exceeding established Service Level Agreements (SLAs) for reconciliation tasks.

• Process Improvement:

  Identify opportunities to streamline reconciliation processes, enhance efficiency, and improve accuracy.

• Reporting:

  Assist in generating reports on reconciliation status, aging breaks, and resolution trends for management review.

Required Skills:

• Proficiency in performing daily, weekly, and monthly reconciliations between various financial entities (Client, Admin, Prime Broker).
• Strong research skills for identifying and resolving cash, position, OTE, and trade discrepancies.
• Ability to follow up effectively with external sources (clients, brokers) for break resolution.
• Excellent communication skills (phone and email) for interacting with Portfolio Managers and Prime Brokers.
• Experience in working on UAT environments for testing new functionalities.
• Capability to assist and guide team members in break resolution.
• Strong commitment to assisting management and team in meeting SLAs.
• Excellent attention to detail and analytical skills.