Overview:

At Europe Arab Bank we are looking to hire a specialist reconciliations analyst to support in a BAU position for a temporary period of 3-6 months.

Job Purpose

To provide focused accurate control of multi branch Nostro and suspense reconciliations processes.
Drive auto-matching levels ensuring 100% accuracy of matched items.
Additionally the role requires the individual to identify gaps in the process, provide remedial recommendations and suggest general improvements to deliver a quality and effective level of support.
Assist other members of staff within Operations as and when required.

Principal Accountabilities & Duties

Perform daily reconciliation of the Nostro and suspense accounts including single and multiple matching post auto-reconciliation process as well as reconciling Client Equities and EAB London Stock reconciliations.
Analyse outstanding items, ensuring that transactions are allocated within the required timescales for the EAB branches and all branch delivery deadlines are met. Perform manual matching after advice from EAB branches and departments.
Actively pursue process improvements and constantly review and enhance working practices.
Allocation of ownership and review internal and suspense account items including mid-month and month-end review.
Develop and maintain excellent working relationships with internal and branch clients.
Manage true Nostro outstanding items in Intellitracs cases.
Conduct comprehensive cross training to provide cover at all times for reconciliation and control functions.
To perform any other duties required to support the Senior Manager – Operations Control in initiatives to improve auto matching rates and system enhancements.
Preparation of reporting including aged items, chaser and exception reports by branch.

Monitoring and calculating all interest charges on accounts.

Advise and manage EAB’s external Nostro balances next day. Ensure positioning is reconciled to the external account and all material discrepancies actively pursued and managed.

Open Accounts: Setup new suppliers.

Reconcile accounts owned by Reconciliations and BDC under GLO sign off procedure.

Reconcile Brokerage reports to Kondor+ and provide report to the Front Office.

Investigations: Support / backup for investigations, verification of SWIFT's, signoff on returned payments.

Ensure all relevant SOP's are kept updated.

Ensure that the internal and external feeds (Ledger, balances plus MT940/50) are successfully uploaded overnight to enable a full and concise reconciliation of the Bank’s Nostro’s is performed.

Skills/Qualifications/Experience required:

Relevant industry experience, including competency in Intellimatch.
Knowledge of back office multi branch processing a distinct advantage.
Competency in Microsoft Office suite.
Able to write concise reports, business correspondence and procedure manuals
Nostro reconciliations experience essential
Previous experience using Intellimatch platform or relevant comparable platform e.g. Osfin, SmartStream TLM, Duco, and AutoRek

Reconciliations specialist

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