Reconciliation Specialist

Biz Tek People is looking for a Reconciliation Specialist for our client in NJ!

Schedule: Hybrid

Summary: Perform a wide variety of reconciliations and reporting tasks related to treasury products within the Securities Operations team.

Responsibilities

• Reconcile all trading systems (e.g., internal operational systems) to the general ledger
• Analyze discrepancies and determine corrective actions
• Notify responsible parties of transaction corrections needed to balance accounts
• Perform various securities reconciliations, including suspense accounts, tri-party loans vs. collateral, inventory positions, fails, and custodian accounts
• Reconcile the operational bookkeeping system to the general ledger
• Reconcile collateral control systems against internal records and the general ledger
• Monitor exception reports and notify appropriate teams of necessary corrective actions
• Maintain subledger reconciliation and update internal scorecards
• Complete tasks with minimal supervision
• Prepare audit confirmations
• Compile monthly and quarterly reports
• Perform additional duties as assigned by supervisors or managers

Compliance

• Develop a basic understanding of relevant banking regulations
• Direct any regulatory questions to the Legal and Compliance Division
• Attend required annual compliance training
• Read and respond to compliance directives as needed
• Comply with the organization's Code of Conduct

Qualification

• Bachelor’s degree in Accounting or
• Three to five years of reconciliation or banking experience