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Reconciliations Analyst

Chester, , United Kingdom

Job Description:

Job Title: Reconciliations Analyst

LOB: GBAM Operations – Reconciliation Delivery and Control

Corporate Title: Officer

Location: Chester

Bank of America Chester has an exciting opportunity available for a talented individual to join the GBAM Ops Shared Operations business.


The EMEA Reconciliation and Control Team is a dynamic growing control environment. We are looking for an experienced professional to lead our Balance Sheet reconciliation teams. The scope includes analysing a wide range of reconciliations across EMEA, the America’s and APAC with focus on improving processes, risk exposure and management. The role will require engagement with business partners in each region including but not limited to Cash Equity, Debt, Futures, Collateral and Prime Brokerage businesses including front to back, inter/intra company and custodian reconciliations.


 

Responsibilities will include but not limited to:

  • Ensure variances between the general ledger and the sub ledger (or other independent supporting balances) are investigated, documented and aged correctly.

  • Adhere to the charge off schedule where relevant.

  • Work with the team and GRG to ensure EIRT (Enhanced Independent Reconciliation Testing) and compliance reviews are consistently passed. Any failures are to be reviewed, mitigated & remediated in a timely manner.

  • Ensure the team maintains accurate and audit ready pack procedures.

  • Ensure a consistent focus on continuous improvements. Identify areas of risk, gaps in processes, documentation, quality control and offer sound suggestions.

  • Effectively manage enterprise driven initiatives, example GFC to Frontier migration. Work with team resources to drive a consistent dialogue with project teams to identify gaps in UAT and ensure a robust migration.

  • Adhere to the documented escalation procedure and ensure any issues are highlighted to the VP in a timely and clear manner.

Core Skills:

  • Ability to motivate team & deliver monthly tasks within deadline.

  • Communicating to management with good ability to liaise with Senior Stakeholders.

  • Developing and implementing new processes with proven results.

  • Ability to work under pressure.

  • Excellent time management skills and ability to manage multiple contending priorities.

  • Excellent analytical skills and attention to detail.

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H6

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Reconciliations Analyst

LOB: GBAM Operations – Reconciliation Delivery and Control

Corporate Title: Officer

Location: Chester

Bank of America Chester has an exciting opportunity available for a talented individual to join the GBAM Ops Shared Operations business.


The EMEA Reconciliation and Control Team is a dynamic growing control environment. We are looking for an experienced professional to lead our Balance Sheet reconciliation teams. The scope includes analysing a wide range of reconciliations across EMEA, the America’s and APAC with focus on improving processes, risk exposure and management. The role will require engagement with business partners in each region including but not limited to Cash Equity, Debt, Futures, Collateral and Prime Brokerage businesses including front to back, inter/intra company and custodian reconciliations.


 

Responsibilities will include but not limited to:

  • Ensure variances between the general ledger and the sub ledger (or other independent supporting balances) are investigated, documented and aged correctly.

  • Adhere to the charge off schedule where relevant.

  • Work with the team and GRG to ensure EIRT (Enhanced Independent Reconciliation Testing) and compliance reviews are consistently passed. Any failures are to be reviewed, mitigated & remediated in a timely manner.

  • Ensure the team maintains accurate and audit ready pack procedures.

  • Ensure a consistent focus on continuous improvements. Identify areas of risk, gaps in processes, documentation, quality control and offer sound suggestions.

  • Effectively manage enterprise driven initiatives, example GFC to Frontier migration. Work with team resources to drive a consistent dialogue with project teams to identify gaps in UAT and ensure a robust migration.

  • Adhere to the documented escalation procedure and ensure any issues are highlighted to the VP in a timely and clear manner.

Core Skills:

  • Ability to motivate team & deliver monthly tasks within deadline.

  • Communicating to management with good ability to liaise with Senior Stakeholders.

  • Developing and implementing new processes with proven results.

  • Ability to work under pressure.

  • Excellent time management skills and ability to manage multiple contending priorities.

  • Excellent analytical skills and attention to detail.

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21041331

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Josh Littlemore

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE