London Recons Nostro Analyst at Standard Bank Group

Job description

Job Details

Group Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose

• Ensure that the source files have been received and follow up with Senior Recon Analyst if not received by 08:30 GMT/BST for London and with IT by 7.00 for Hong Kong.
• Responsible for daily production and matching process of post-value date Reconciliations of Nostro accounts, and Daily Precious Metals, in accordance with the agreed SLA conditions unless prevented by unforeseen or exceptional operational IT events
• Allocate all outstanding items over accounts mentioned to various departments.
• Full investigation and understanding of exceptions in order that meaningful narratives are documented and narrated on entries
• Label all identified exception items relating to internal departments, using appropriate owner codes, prior to release of except in reports
• Provide detailed exception reports for daily review, and be pro-active in investigating exceptions
• For items allocated to Dept code REC UTA
• Qman: Full investigation and understanding of exceptions in order that meaningful narratives are documented and narrated accordingly
• The open queue on Qman should be cleared on a daily basis. There should be no Qman cases in a staff members queue.
• Qman cases should be followed up every second day until resolved. If not resolved after the third query, the staff member should escalate to the Manager.
• Manual entries created on Intellimatch. The staff member should ensure that the account is in proof after the entries were created.This can be done via the recon functionality. Only statement entries can be generated on Intellimatch. Ledger items can be captured for the purpose of net downs which needs approval from management of the relevant dept, missing ledgers are also Processed to bring the account in balance which needs approval from Phillip Duly in OPS Control London.
• Action requests received to dissolved matched items
• Outstanding entries under REC UTA department code to be monitored and followed up daily until resolved.
• Where any function is not being performed according to policy, procedure or working instruction, this must be communicated to the Manager in an appropriate and timeous manner
• Support the Manager in the day-to-day running of the Section. The Section covers several distinct functions and the jobholder may therefore be required to assist the Supervisor with additional tasks and cross-training with the other functions of the Section
• Actively participate in training and rotation programme to develop own and team knowledge to ensure no ‘single points of failure’ exist
• Deal professionally with ad-hoc enquiries from other areas of the Bank
• Comply with the working instructions saved on cibjnbcl1data09NostroLondon Reconworking instructions, for a detailed description for every task within the department.
• Provide debit authorisation to the relevant correspondent agent for all unapplied statement credits, on a best endeavours basis but by the next working day at the latest, if requested by Customer or following the receipt of a reply to investigations and after 10working days unless advised to the contrary by the Customer
• Investigate with correspondent agents, all unapplied statement credits or unmatched statement debits, by c.o.b. value date +1 in accordance with departmental procedures
• To investigate all Nostro Items assigned to RECUTA. Working Hours:
• The Nostro Reconciliation Analyst is required to work shifts on a rotational basis. The rotation period may change from time to time to accommodate business needs.
• From Monday to Friday the business day is comprised of three eight-hour shifts covering the period 08:00 to 19:00. The approximate shift times are:
• Shift 1: 6:30 until 14:30
• Shift 2: 08:00 until 16:00 or 09:00 until 17:00
• Shift 3: 11:00 until 19:00
• Shift times may change to accommodate business needs and CET / GMT times
• All South African public holidays are normal business days
• Staff are not required to work on UK banking holidays unless they have to do the Hong Kong Recon in the morning

Key Responsibilities/Accountabilities

• Check Intellimatch to see if all files have successfully fed into Intellimatch
• Start manual matching on Nostro entries
• if any items cannot be resolved before the 11am cut-off, re-allocate them to department tag ‘REC’UTA for further investigation
• Make sure that all breaks that can match are matched up. Make sure that all items on the ‘NONE’ tag are actioned as there should be no items on there.
• Run the txt file to complete the rec. Send out the rec to relevant distribution list.
• Investigation of REC UTA items on Qman
• Checking REC UTA Report
• Issue Debit Authority
• Action emails from London and Hong Kong
• Action StorQm reports
• Reconcile and process payments of fees received by custodians and Nostro agents

Preferred Qualification And Experience

• Matriculation with Accounting as a subject
• Previous experience in Back Office Investment Banking operations, with trade knowledge
• Exposure to a Bank reconciliation environment

Knowledge/Technical Skills/Expertise

• Intellimatch
• Calypso
• SAP
• StorQM
• SWIFT