Role : Asst. Vice President - Reconciliations  Reports to : Vice President Ops Control  Location : Mumbai  Job Description:   Operations Control function has a large presence and requires operations leadership/expertise in managing large teams in a matrix environment. The incumbent should have strong relationship skills to manage relationship with the Business they support.  The current position is for Asst. Vice President to handle one of the 2 reconciliation streams comprising of Nostro/Depot and Trade/Position rec delivery as per defined SLAs. The role necessitates managing a team of about 25+ people supporting all geographies around the globe.  Roles & Responsibilities:  This includes specific functions/ tasks/ performance objectives. The primary responsibility of the Reconciliations team is to:  - Reconcile various Nostro accounts with companies accounting platforms  - Reconcile the Trades between Front Office and Back Office trading and settlement systems.  - Reconcile external and internal depot accounts  - Appropriate investigation and assignment of breaks to Operations teams for resolution  - Driving the Risk & control agenda while working with Core Operations & Middle Offices in defining new Rec builds and /or enhancements  - Ensure that the ageing of breaks and write-offs are in line with the corporate accounting policies  - Ensure that all breaks are highlighted on a daily basis and aged appropriately  - Follow-up for resolution and escalation of aged breaks with Core Operations & Middle Office  - Detailed MIS and trend analysis of open items and ageing.  - Drive strategy around implementation of new reconciliation platform(s) and exception management tools.  - Work closely with user groups to enhance service experience  - Drive strategies aimed at strengthening rec framework and governance  Core Skill-sets / Competencies:  - Strong knowledge of International Banking and financial services operations.  - Knowledge of securities markets  - Candidate should possess good knowledge of trade life cycle and events associated with various product classes like OTC, Derivatives or Listed  - Candidate should possess knowledge of Reconciliation functions  - Relationship building skills: To develop and build working relationships with diverse groups and senior executives.  - Client focus: Enhancing client experience is one of the key deliverables.  - People management - ability to manage and drive large teams and develop key talent.  - Leadership - create an environment of leading by example and is an effective role model. His/her actions reflect an appropriate level of independence; demonstrates the ability to initiate and effect change and continuous improvement, contributes significantly to the on-going development of people, process and business.  - Control orientation and Risk awareness: Candidate must possess an eye for detail and must be able to create an environment of control and compliance.  - Communication: Organized, clear and confident in written and oral communications. Actively engages in discussions offering expertise, opinions and advice.  - Teamwork: Creates and/or contributes to an environment of collaboration and mutual responsibility, i.e. effectively influences others to gain cooperation and address issues; initiates and is responsive to requests from other products and regions  - Ability to identify opportunities for automation and independently drive Technology initiatives, both locally and globally  - Be able to drive positive changes, promote ownership and demonstrate "My business Mentality".  - Manages Relationships through inclusivity and is able to demonstrate collaborative team work.  - Strategic thinking, should be creative and innovative; challenges status quo; generate strategic advice/product/client solutions  Professional Qualifications, Experience & Essential Skills:  - CA / MBA Finance from recognized institute with 10+ years of relevant work experience.  - Prior experience in managing large teams  - High level of proficiency in excel and a very high degree of comfort with technology  - Ability to communicate in a clear and precise manner.  - Good analytical and presentation skills  - High visible energy / drive and executive presence  - Should be willing to work flexible hours  - Ability to work under pressure and to meet tight deadlines is essential.

Mumbai

Assistant Vice President - Reconciliation - BFSI 

Assistant Vice President - Reconciliation - BFSI  ,Job Description for Assistant Vice President - Reconciliation - BFSI  in Hireworks Consulting in  Mumbai for (9-15) years of experience. Apply Now!

Job Description for Assistant Vice President - Reconciliation - BFSI  in Hireworks Consulting in  Mumbai for (9-15) years of experience. Apply Now!