Reconciliation Officer

2 weeks ago

Johannesburg, South Africa Adcorp Holdings Full time

Our client in the banking industry is looking for a Reconciliation Officer To oversee accurate and timely reconciliations across all accounts, products, and systems, ensuring the smooth flow of trade transactions. Gain valuable experience in a critical role while streamlining discrepancy resolution.**2-month contract**
**Qualification and Experience**
- 3-4 years
- B Comm or equivalent tertiary level education
- Trade Services knowledge, including Back to Backs, Open Account Trade Finance, Risk Participation, Trade Loans, Exchange Control and Escrow accounts.
- good understanding of the purpose of a reconciliation.
- Good working knowledge of the mechanics of reconciliations
- High level ability to work with Excel including Pivot tables.
- Understanding of Balance Sheet Substantiation
- Daily review of Cash and Position reconciliation Management Information dashboards
- Previous experience in a Global Markets Reconciliations area recommended
- Building and maintaining stakeholder relationships in functions external to the teams at a supervisory level

**Roles and Responsibilities**
- Daily reconciliation of Cash Cover, collateral, Call and Margin accounts
- Ensuring attention to detail when screening of position and cash reconciliations submitted to stakeholders and the timely escalation of any discrepancies as and when they are encountered
- The implementation of processes and controls to ensure that recons that reconciliations sent out to stakeholders are done so in accordance with service level agreements
- Strict monitoring and actioning of all internal controls
- Ensure satisfactory audit
- Obtain approval on initial and Subsequent Facility Drawdown processes
- Ensure deals have been approved by the deal committee before requesting authorization from management
- Escrow services - review submissions, match agreement to joint instruction, send for approval so that funds can be disbursement
- Ensure that the deals are executed in line with the deal specific approval and conditions precedent and sent for validation to management
- Investigate and resolve any discrepancies, raising issues to the relevant TMU Specialist and Trade Finance Operations and Global Markets trading desk
- Preparation of Manual Reconciliation templates
- Update Control First daily task checklist
- Update daily Management Information
- Filing of all reconciliation reports or relevant supporting documentation
- Investigating, resolving and responding to any queries
- Follow up and resolution of any Internal or External Audit queries

Job Reference: TCN01868

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