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Cash and Securities Reconciliations

  • Location: City of London, London
  • Sector: Internal + IT Audit
  • Salary: Up to £240 per day
  • Job type: Contract/Interim/Temporary
  • Date posted: 13/10/2020
  • Job reference: 168678KMC

A global investor is seeking a financial services/ banking professional to undertake Cash and Securities Reconciliations in the Middle office of their London-based operation on a temporary basis for immediate start. Previous experience with this function is required, however assistance in other areas will also be required as needed, including collateral reconciliations, ETDs, and more.

Job Description

Main function: Cash/Securities Reconciliations

  • To complete any client, custodian and internal queries/requests for information (both on a valuation and reconciliation perspective), relating to each of the accounts that has been assigned, and respond in an accurate and timely manner.
  • To complete all tasks/job specific requests deemed necessary by operations management
  • To perform daily cash reconciliations and weekly stock reconciliations to the custodians for each of the accounts that has been assigned.
  • To perform NAV reconciliations for assigned accounts as per pre-defined deadlines.
  • To communicate reconciliation issues to appropriate internal teams and monitor until resolution.
  • To perform/respond to ad-hoc tasks requested by clients and portfolio managers.
  • Monitoring of external deadlines and ensuring parties are chased in a timely manner to not fail on delivery expectations.
  • To escalate any matters to your line manager that may potentially impact upon the firm or any client relationship.
  • To ensure procedures are adhered to, updated and maintained.
  • Monitoring of mailboxes for follow up queries.
  • To analyze the day to day work and make suggestions within Cash Reconciliations in order to enhance procedures.
  • To manage the flows/postings by booking/approving them in the system in a timely manner

Other functions covered by the team:

ETD's Futures Trade Confirmations:

  • Performing daily trade confirmation with clearing brokers (prioritizing client's that require same day trade confirmation) to ensure confirmation SWIFTs are released accurately and on a timely basis.
  • Performing daily reconciliation of ETD positions (AGI vs Futures Clearing Brokers) across all AGI accounts.
  • Liaising with clearing brokers to meet margin calls (& manage the daily recall process for those accounts with excess margin to return).
  • Ensure all daily EMIR Portfolio Reconciliations requirements are met by AGI.

Collateral Reconciliations:

  • Performing daily cash and securities reconciliation between the AGI Front Office tool and the Brokers.
  • Following up on breaks, escalating to the relevant desks.

Experience Required

  • 3 to 5 years experience of valuation production and reconciliation working with fixed income asset manager/hedge fund manager - experience of cash and security reconciliations is essential, experience of NAV reconciliations too would be an advantage.
  • Good technical knowledge of fixed income and derivative markets
  • Good analytical mind when investigating on operational queries
  • Understanding of performance measurement
  • Detailed understanding of main securities - (Bond/FFX/ Futures/Swaps and TBA)
  • Dealing with relatively senior individuals internally, as well as at brokers and custodian banks.
  • Ideally, the candidate can demonstrate delivery of procedural improvements in a previous role.


  • Mature, confident and professional approach to work and a positive "can do" attitude
  • Good communication with internal and external clients
  • Good team spirit by being a team player by offering help and back up to other team members
  • Self starter with ability to work unsupervised to tight deadlines
  • Attention to detail and ability to deliver high standards of accuracy
  • PC skills, including advanced excel would be a distinct advantage (i.e. VBA knowledge)
  • Flexible to changes by supporting internal projects if required

Who we work with

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