Job Description
Job Description:Job Title: Trade Reconciliation Analyst
Location: Bangalore, India
Corporate Title: NCT
Role Description
The Trade reconciliation analyst will be responsible for ensuring the accurate and timely reconciliation of Equity and Fixed Income trades, working closely with internal and external stakeholders. The role requires a deep understanding of trade lifecycle, different asset classes and the asset management business ensuring adherence to SLA’s and escalation procedures.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
- Perform daily reconciliation of equity and fixed income trades between internal systems and external parties (brokers and custodians).
- Identify and resolve discrepancies in trade data, ensuring prompt and accurate resolution.
- Maintain a thorough understanding of the trade lifecycle for equities and fixed income, from trade execution through settlement.
- Possess sound knowledge of Trade flow path from Trading to Accounting platform and it’s impact on NAV calculation.
- Monitor and escalate unresolved issues according to the escalation matrix, ensuring that any operational risks are communicated to senior management promptly.
- Work closely with portfolio managers, traders, and middle-office teams to ensure trade discrepancies are resolved within agreed Service Level Agreements (SLAs).
- Ensure compliance with internal policies, controls, and regulatory requirements related to trade reconciliation processes.
- Liaise with counterparties and brokers to investigate and resolve trade breaks and mismatches.
- Provide detailed root cause analysis for recurring trade issues and implement corrective actions to minimize future discrepancies.
- Support the continuous improvement of reconciliation processes by identifying inefficiencies and proposing enhancements.
- Generate and review daily, weekly, and monthly reconciliation reports for management, ensuring data accuracy and timely reporting.
- Stay updated on industry standards, regulatory changes, and market practices within equity and fixed income trading.
- Participate in regular meetings with internal teams and external partners to discuss trade reconciliation issues and performance against SLAs.
Your skills and experience
- Specify the minimum level and type of experience required for the position (e.g. specialized or cross-functional, cross-industry experience, local or international experience)
- Clear understanding of Trade lifecycle
- Well versed with SWIFT.
- Risk and Regulatory
- Payments, SWIFT Back-office operation, Operation Risk
Education | Certification (Recommended):
- Bachelor / Master Degree from an accredited college
Education/ Qualifications
- Minimum Graduation in any stream.
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About us and our teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
