Middle Office Operations Reconciliations Analyst

Middle Office Operations Reconciliations Analyst

Overview:
Tek Wissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking.

Candidate Success Factors:

• Results and Impact
• Impacts division and influences peers and team
• Demonstrates good judgement when making decisions of high complexity and impact
• Relies on limited guidance for most complex decision making
• Is responsible for driving outcomes which have meaningful effect on team or department
• Leadership and Collaboration
• Creates trust with department leaders
• Acts in leadership capacity for large projects, processes, or programs for a team
• Client, Customer and Stakeholder Focus
• Able to build relationships with a mix of intermediate and senior colleagues or clients
• Interacts regularly with management and department leaders
• Demonstrates the ability to persuade and influence stakeholders at the team level
• Compliance Culture and Conduct
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards

Responsibilities:

• The Middle Office team manages key operational processes across the trade lifecycle including:
  Trade Capture, Matching, Settlement, Accounting Integration, Pricing and Corporate Action processing. A Middle Office Analyst will primarily be responsible for supporting daily client trade activity across a wide range of asset types including listed equities, fixed income, and derivative instruments. Key responsibilities may consist of:
• Perform time-critical functions daily, which require gathering and verifying information from various sources in a fast-paced and high volume environment.
• Ensure daily reporting provided to relevant Oversight teams accurately reflects trade data and provides sufficient commentary.
• Work closely with multiple external and internal parties to identify and resolve transaction discrepancies, including unmatched and failed trades, pricing discrepancies, dividend/coupon variation, foreign exchange and derivatives contracts, account overdrafts, and bank wires.
• Perform monthly, quarterly, annual, and ad hoc reporting for internal and external clients. Assist clients with any follow-up questions that may arise.
• Research and resolve a variety of issues that may be complex in nature.
• Ongoing review of existing processes to identify potential improvements to create new efficiencies and increase quality and controls.
• Work on holidays may be required.

Minimum Required Qualifications:

• Bachelor's Degree in Accounting/Finance or equivalent experience
• 1 3 years related financial industry experience
• Demonstrated ability to solve complex problems and drive solutions
• Strong interest and willingness to learn in the financial services industry
• Excellent verbal and written communication skills
• Track record of attention to detail and accuracy
• Ability to identify and prioritize tasks appropriately

Preferred Qualifications:

• Working knowledge of various security types; equity, debt, private instruments, derivatives, etc.
• 40 ACT mutual fund experience (back or middle office operations preferred)
• Experience with SWIFT messaging formats
• Proven ability to maintain a customer service focused attitude in a high pressure environment
• Ability to work independently within established guidelines and strict operational controls

Tek Wissen Group is an equal opportunity employer supporting workforce diversity.