Assistant Manager

Job Description:

Job Description*

• Understand how the trades for various assets classes have been booked on the BAML models
• It is essential that potential candidates have a high level of attention to detail and a good grasp of the Domain understanding to review the conditions set out in the booking tool. The candidate will need be aware of different, potential scenarios that a trade is cancelled or edited or missing feed
• Understand trade flow from front to back perspective
• The candidate will need to understand how the trade is being risk managed and to review the booking within the context of BAML booking policies. This will form part of monitoring and control process.
• Good Understanding of Accounting Principle and PnL Balance sheet adjustments

Responsibilities*

• Performing BAU T+1 and SD+1 Front to Back Reconciliations.
• Work closely with Front Office, Trade Support, Finance and other Operation Groups to resolve breaks
• Performing daily MIs and KRIs
• Break reporting and governance
• Month-end reconciliation between Subledger and General Ledger
• Research and resolution of breaks in multiple reconciliation
• Escalate aged breaks across various recons performed in Equities to Senior Management.
• Maintenance of various recon processes performed in EMEA and AMRS.
• Accounting sign-offs for accounts under ownership by substantiating subledger and general ledger balances.
• Become proficient in the reconciliation process and the different system flows
• Analyzing why trades are not matched in the recon tool on a T+1 or VD+1 basis
• Liaising with internal stakeholders and external client to remediate root causes
• Change mind-set, leading and delivering upon change initiatives within the context of the reconciliation function
• Partner with the other regional teams to help move this team into a true global service model
• Pro-actively challenge the status quo, identify and drive change to improve upon the current model