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Reconciliation Specialist Job Openings by Citi in Gurgaon August 2018

Job Title Reconciliation Specialist Job Openings Gurgaon Citi
Pub Date 30+ days ago
Company Citi
Location Gurgaon

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Citi Job Opportunities 2018

Reconciliation Specialist Job Openings - Gurgaon

  • Primary Location: India,Haryana,Gurgaon
  • Education: Bachelor's Degree
  • Job Function: Operations
  • Schedule: Full-time
  • 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.
Job Purpose:
Within the GRU department, this position will work in a team environment and fill the role of Reconciliation Specialist.
Job Background/Context:
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
Key Responsibilities:
  • 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
Development Value:
  • 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
  • Analytical/Reasoning
  • 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:
  • Team player
  • 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.

If Ms interested to submit Reconciliation Specialist Job Openings Gurgaon August 2018 Citi Citi, immediately prepare requirements / files and documents needed for fill Reconciliation Specialist Job Openings Gurgaon August 2018 Citi above. To apply by online, please click the "Apply" button below. If you still do not satisfy with our job recruitment information above, you can try to read other job recruitment information that we provide in our website which still located in Gurgaon region from any other company.

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