Reconciliations Analyst - Cash And Securities Position Reconciliation

Some Careers Shine Brighter Than Others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Reconciliation Analyst.

The Opportunity

• The Reconciliations Analyst is responsible to do daily/weekly/monthly cash, securities & Fund reconciliations to ensure all breaks are identified and cleared in a timely basis. He/she must be able to escalate breaks that are long outstanding and ensure timely monitoring.
• Able to multitask and prioritize work within a fast-paced environment
• Able to appropriately balance quality and quantity of work
• Must be able to work within tight deadlines
• Able to work very independently whilst being part of a larger team
• Demonstrates a thorough understanding of the bank’s products, operations processes and procedures
• Act as a role model for the team
  
  

In This Role, You Will

Impact on the Business

• Perform reconciliation tasks on cash balances, security / bullion movements and holdings, outstanding derivative positions either using system tools or manually
• Carry out primary level of investigation on discrepancies / un-reconciled breaks and assign cases to relevant product teams via workflow or detailed reports
• Monitor the status of outstanding cases and ensure that appropriate actions are being taken by product teams
• Conduct user acceptance test before the launch of new products / systems or strategic initiatives
• Contribute proactively to the improvement of operational efficiency and quality of work within the team
  
  

Customers / Stakeholders

• Ensure that all breaks are proper allocated within SLA required
• Conduct monthly governance meeting
• Reply and attend to enquiries/feedback for internal/external clients.
  
  

Leadership & Teamwork

• Ensure proper delegation of tasks and back up colleagues in accordance with task delegation
• Training of new joiners
• Support team activities
  
  

Operational Effectiveness & Control

• Being aware of all accounts that you are responsible for reconciling
• Understand the usage of accounts to be reconciled
• Ensure that reconciliations are performed within the required time frame
• Initiate actions to clear outstanding items and monitor their clearance
• Escalate exceptionally large or unusual outstanding items
  
  

To be successful in this role, you should meet the following requirements:

Knowledge & Experience / Qualifications

• Excellent attention to detail
• Strong analytical skills
• Strong communication skills in English, both written and verbal
• Strong aptitude to understand the underlying banking and investment products being reconciled
• Able to work within tight deadlines, and with multiple and simultaneous process concerns
• Able to work independently whilst being part of a larger team
• Considerable flexibility in working varying shifts to support European and Asian business hours
  
  

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.

You’ll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by HSBC HDPP

---