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To help to the company perpective along with vison come legitimate; Citi can be start regarding brand-new position because begin from August 2018. Everybody who is considering about filling up this vacanct, remember to engage in this Reconciliation Specialist Job Openings recruitment inside . It really is encouraged for many participants to arrange just about all essential demands due to this career recruitment method, for the reason that method will need that you supply ideal specs that the firm desires just for this situation. If you are that you will be one that may load the standards, you can try to see further information about Reconciliation Specialist Job Openings below.
Citi Job Opportunities 2018
Reconciliation Specialist Job Openings - Gurgaon
Primary Location: India,Haryana,Gurgaon
Education: Bachelor's Degree
Job Function: Operations
Shift: Night Job
Employee Status: Regular
Travel Time: No
Job ID: 18032231
The Global Reconciliation Utility in Chennai is approximately 200 FTE strong and provides “best in class” Center of excellence for reconciliations across 180 Citi Legal Vehicles around 80 countries globally, reduces silo / fragmented reconciliation strategies into one central operating model, drives a common IT reconciliation architecture, reduces manual reconciliations utilizing firm strategic platforms, enforces a global risk and control governance process, and eliminates reconciliation inefficiencies across product streams. GRU supports ICG businesses across EMEA, NAM and APAC, where delays or failures or any issues in reconciliation could lead to financial, client and regulatory impact for Citi as a whole.
Within the GRU department, this position will work in a team environment and fill the role of Reconciliation Specialist.
ICG (Institutional Clients Group) comprises of three major business functions, Markets & Securities Services, Treasury & Trade Solutions, Securities Services Operations (Custody & Issuer). Within these broader O&T functions, GRU NAM team supports Reconciliation Process Delivery of domestic and international custody, Internal cash management, Depository and Inter system cash recons and reporting
Responsible for reconciliation and reporting of Bank’s Nostro, General Ledger and Sub Ledger Cash accounts, setup to monitor trade settlements, custody Payables and Receivables, Intersystem cash postings from product processors, using automated and manual matching routines with a high volume of transaction
Responsible for the identification and reporting of information related to the reconciliations performed (i.e. aging, high value) and escalating for timely resolutions
Ensure the reconciliation performed meet the minimum bank standards. Adhere to established procedures for compliance and efficiency
Complete daily, weekly and monthly reconciliations, along with research and follow through of unreconciled items with personnel from the various operational areas
Provide required documentation and maintain appropriate source documents and other related records to substantiate compliance with the Bank’s policies
Support his/her supervisor with information regarding all relevant issues and keep supervisor informed of the status of the reconciliations and related unresolved issues
Partner with Ops teams to resolve aged outstanding items at a bank-wide level in order to decrease REG reporting capital charges
Contribute to process improvement strategies to address identified inefficiencies resulting from changing demands, and ensure required processes are established to meet changing needs
Demonstrate strong knowledge of various product types Equity, Fixed Income (CMO, US and Foreign Corporates and Government Types, Municipals, etc.), Mutual Funds, Preferred Securities and Complex Securities and understand the critical components of cash and stock settlement flow
Strong problem solving skill-set and analytical ability in a high volume transactional environment , together with a high level of knowledge of financial accounting processes, practices and related financial banking and reconciliation experience
Proactive identification of issues or concerns related to potential gaps in existing processes, procedures, policies, frameworks, etc.
Contribution to satisfactory results in audit reviews, compliance reviews, and regulatory examinations (internal/ external), Compliance and Regulatory Agency reviews; response to required corrective actions in a timely and complete manner
Completion of all assigned training (Compliance, Bank Secrecy Act, Audit, Code of Conduct, etc.) and reporting requirements within set timeframes
Take pro-active actions to ensure feed issues and any abnormal spike in exceptions in daily BAU are handled effectively, where business and technology stakeholder are cognizant of the impact
Ensure reconciliation exceptions are resolved within KPI thresholds in terms of ageing and exposure
Effectively use recon tools and dashboards to produce measurable metrics
Training, both on the job training and presented training courses
Increased Product knowledge
Exposure to clients and other departments within Citi
This is a great opportunity for a candidate looking to work in a controls environment
The role will provide a high level of exposure to internal clients and enable the candidate to develop their client service skills. This is a necessary requirement for anyone hoping to progress into a more senior role within the Reconciliations department
The position will also help the candidate to enhance their knowledge of the clients supported within the GRU and their overall knowledge of the industry
Hone the skills to work in a demanding, time sensitive and risky process
Day In Life Of (DILO) – NAM Recs Agent
An individual is assigned a set of clients that he/she is responsible for reconciling. A typical day for NAM Recs team would begin with checking source feed availability for previous days close of business and readiness of recon tools to ensure assigned tasks are completed on time and assign to operational areas for further resolution. The time taken to investigate and allocate would vary depending on the complexities of each item. The process of investigation and allocation could involve interacting with multiple teams across Citi via telephone or e mails or chat messages. The individual will need to update meaningful comments against each item post the investigation to ensure traction on break causals and complete task attestation for each assigned tasks. It is imperative to follow the SOP and also escalate lack of clarity in any laid down procedures therein.
The day involves attending calls with onshore partners, colleagues from other teams, management meetings, updating multiple control and metrics spreadsheets maintained by managers for oversight and monitoring and also responding to a number of e mails from various teams. The role provides a great opportunity to learn a lot about capital markets trade flow and settlement cycle within broker dealer and Custody environment.
Must be able to use experience to identify possible issues before they arise and also to be pro-active in resolving such issues
Must have the ability to multi-task by taking on extra ad hoc tasks without letting the day-to-day tasks suffer
Ability to liaise with demanding clients
Ability to work independently within a team environment
Computer literate and good typing skills
Knowledge of recon systems including TLM will be an added advantage
Experience in a control, process or reconciliation environment preferential
Good business acumen, analytical and logical reasoning ability to take appropriate business decisions
Maintains a control focus at all times
Must have good time management skills
Skills & Competencies:
Planning and Organizing
Self Motivated/Results Orientated
Displays confidence in dealing with customers and colleagues
Must have good communication skills
Ability to quickly adapt to changing dynamic environments
Should be flexible with work shifts and be ready to work in different shifts with short notice
Excellent interpersonal skills to work with multiple Ops and Tech stakeholders
Strong knowledge in MS office tools (Word ,Excel, PowerPoint) and MS outlook
Ability to be proactive in catering to Leadership requirements
Ability to learn and adapt quickly to drive initiatives proactively
Ability to Multitask and manage multiple work under pressure
Willingness to stretch and address issues sensibly and proactively
Attention to detail is paramount
Act responsibly and have the courage to face the leadership team with confidence
As one of the leading company in India, Citi offers variety of opportunities for employees to grow and make them as future leaders of the professional and disciplined. Citi also gives a dynamic work environment in order to encourage employees to contribute optimally, and at the same time is able to work up new experience and knowledge through the company programs.
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