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Fixed Income/NAV Reconciliations & Collateral

  • Location: City of London, London
  • Sector: Banking Operations
  • Salary: Negotiable
  • Job type: Contract/Interim/Temporary
  • Date posted: 06/07/2020
  • Job reference: 1963

Thsi role is focussed on the Cash/Securities Reconciliations to include NAV 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
* Collateral Reconciliations: Performing daily cash and securities reconciliation between the Front Office tool and the Brokers.
Following up on breaks, escalating to the relevant desks.

* 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.


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