Graduate - Nostro Reconciliations

Recruiter
LMA
Location
City of London, London
Salary
25000.0000
Posted
21 Jul 2017
Closes
20 Aug 2017
Contract Type
Permanent
Hours
Full Time

We are currently recruiting for a graduate Nostro Reconciliations officer to join the Operations team within a global banking corporation based in the City of London.

Key duties will include:

  • To reconcile the Bank's general ledger to the various sub-ledger systems and investigate any differences for all EMEA Offices.
  • To reconcile the London office wash accounts to ensure that all accounts are NIL on a daily basis.
    To monitor the London office bank & customer Contingent Liabilities on a daily basis and investigate any differences.
  • To reconcile the Bank's Nostro accounts, all EMEA offices and ensure detailed information is received for all unmatched items.
  • To reconcile Interest & Charges across all Nostro accounts.
    To reconcile and clear discrepancies.
  • To investigate and secure clearance of exceptions identified through reconciliation of Nostro accounts and ensure correction at lowest cost to the Bank.
  • To process interest claims on Investigations.
  • To investigate and clear internal sectional/departmental queries in a timely manner.
  • Ensure prompt and effective risk escalation and resolution takes place and bank operations escalation policies are implemented and adhered to.
  • To investigate 'unable to apply' Nostro items to ensure speedy resolution.
  • To perform ad hoc reconciliations daily/monthly.
  • Support team members to ensure all allocated work is completed in a timely manner with high standards being maintained.

Key experience will be:

  • Systems literate and with good numerical and problem solving skills.
  • Client focus ensuring that all internal client queries / enquiries are dealt with in a professional manner, and within the defined time frame.
  • Adherence to procedures and risk management controls at all times.
  • Attention to detail.
  • Time Management and Organisational skills.
  • Ability to work under own directive.
  • Ability to prioritise workload.
  • Good Inter-personal and communications skills, both written and verbal.

This is a temp to permanent opportunity and the client is willing to pay circa £25,000 pa for this opportunity.