Control & Reconciliation Associate

Control & Reconciliation Associate

Title: Control & Reconciliation Associate
Status: Permanent, Full time
Salary: $83,500 annual salary
Location: Downtown Montreal, Quebec - Hybrid 3 days in office, 2 days work from home


TO APPLY: Please send your resume to emily.woods@groomassocies.com

Our client is an international banking and financial institution with divisions located in the Americas, Europe, Asia,and the Middle East. They are establishing their first Canadian office and are expecting exponential growth.

They are looking for a Control & Reconciliation Associate to join their new team.

Responsibilities:

- Responsible for daily ARS/ICTD reports and verify that CBO groups resolve outstanding items.
- Responsible for the monthly preparation of various department certifications related to CBO accounts, and forwards reports to Senior Management and the Financial Division.
- Daily reconciliation of Foreign, Internal, Subsidiaries, Funds Transfer and Loan Wash and Syndication accounts using Intellimatch. Ensuring CBO groups clear items on reconciliations. (Daily 42, Monthly 3)
- Generate various report exceptions from ACBS and distribute to group to correct break.
- Generate and keep track of Daily Exception report, and distribute to FTO groups (GELOP/NY) to correct
- Prepare monthly KRI Dashboard requirement for HO, and stats for FTO management.
- Prepares and distributes monthly past due and non-performing reports to Senior Management and the Financial Division.
- Daily monitoring of exceptions on foreign currency reconciliations and branches, distribute daily to Treasury for review, while ensuring FTO groups clear these items on a timely basis.
- Daily monitor all past due items from the ACBS gateway and liaison with groups in resolving and escalation.
- Responsible for initial investigate of unresolved items on Nostro and suspense accounts with FTO groups and other division in the bank
- Distribute weekly and monthly email to groups and other area relating to aged items and escalate as per policy
- Responsible for all exception reporting generated from ACBS and action to resolve (eg Break funding report, Compliance, Aged items).
- Responsible for reviewing the daily bank’s suspense account from Finance and resolving items relating to CBO groups.
- Liaison between branches and FTO groups (Mumbai, Canada, Brazil) concerning customer’s exceptions, example ARS/ICTD reports and assist with inquiries concerning operational procedures.
- Assist with any upgrade of systems relating to the FTO group.
- Liaison between branches and FTO groups concerning exceptions and assist with inquiries concerning operational procedures.
- Responsible for maintaining a good working relationship with peers, as well as FT group managers and loan administrators.
- Assist with FTO projects and verification - Backup for other team member functions.

Qualifications:

- 2 to 5 years of experience in commercial banking operations preferred in a reconciliation capacity.
- Good analytical, organizational, and interpersonal skills
- Adaptable & flexible
- Ability to build strong relationship and foster collaboration among team members
- Strong attention to details
- Able to work independently with minimal supervision
- Ability to communicate fluently and clearly orally and in writing
- Ability to deal with multiple stakeholders.
- Hard-working, comfortable with multi-tasking and able to work under pressure
- Proficient in MS Excel/MS Word / MS Access a plus
- Worked in a control/reconciliation setting prior
- A self-starter who is highly motivated
- Experience in accounting or general ledger movements.
- Bachelor’s or Master’s degree in fields related to Business, Management, Information technology, or a related discipline

We thank all those that apply however only those that meet all of the criteria will be contacted. For more information on our recruitment services please visit www.groomassocies.com

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