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The role and responsibilities of an APAC Reconciliations Analyst is to ensure that clients investment positions recorded on our FNZ platforms match the external positions held at our various external providers within the Asia Pacific region.
This includes cash positions which are held at the various banking providers and for stock/scrip positions which are held at the registries, TD issuers, sub-custodians.
Exceptions found on any of the reconciliation reports need to be thoroughly investigated and accurately identified. Appropriate actions are required to be put in place in order to clear the exception. These are to be managed appropriately through to resolution of the exception.
The responsibilities will include:
- Sourcing of data from both FNZ platform and various 3rd party custodians/banks. Validation, formatting and uploading of source data to platform.
- Creation of cash and asset reconciliation reports including exception identification. within agreed timeframes.
- Investigation of exceptions between FNZ platform records and sub‐custodian or 3rd party and registry holdings.
- Identification and allocation of exceptions to appropriate team along with management until resolved/cleared from the reconciliation report.
- Distribution of reconciliation reports to key operational teams within agreed timeframes. Liaising with appropriate internal and/or external stakeholders to ensure that allocated exceptions are resolved in a timely manner. Management of exceptions until cleared from the reconciliation report.
- Generation of exception summary reports for management and/or clients where required. Raising and escalating of any potential risk issues to management as per agreed escalation matrix.
- Asset instruments include (but not limited to) equities, bonds, managed funds, term deposits and debentures. Cash reconciliations include all client deposits, withdrawals, trades, corporate actions and sweep transactions.
- Completion of daily control checks to ensure that system controls are working effectively.
- Working with other team members and management to enhance processes for greater efficiencies and controls within the business. Undertake any other projects/tasks as may reasonably be required to facilitate the smooth operation of the company.
- Establish and maintain relationships with market data service providers, custodians, brokers and other third parties to promote the highest level of communication and operational efficiency and resolve any service level issues.
- Maintain records and issue logs to ensure the processes are transparent to regulators and external auditors regarding breach and reconciliation recording.
- Prioritise to ensure all tasks are completed on time and within agreed operational deadlines and client contractual requirements.
- Updating and maintenance of all reconciliation operational procedures and checklists.
What are we ideally looking for in a successful candidate?
- Relevant Tertiary Qualification
- Experience in Financial Operations is preferred
- Tools: MSSQL, Visio, Excel, Word, PowerPoint
- A collaborative mindset and enjoy working as part of a team when required.
- High attention to detail
- Proven communications skills – both written and verbal
- Ability to solve Financial Market and IT System issues
- Enthusiastic and able to perform role autonomously while being a team player and contributing to the overall success of the team and wider business
- Proven project delivery
If this role appeals to you, please apply by the 3 November 2024.
- Please note we shortlist as we receive applications. We encourage early applications as we may withdraw advertising at any time.
For more information, please reach out to us!
[email protected]
[email protected]
About FNZ
FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.
We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.
We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).
Together with our customers, we help over 20 million people from all wealth segments to invest in their future.
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