Reconciliation Specialist

Role Overview:

The Reconciliation Specialist (Band 4B) will be a critical and highly skilled member of our Investment Operations team, responsible for overseeing and optimizing the reconciliation process within Aladdin and related systems. This role requires an in-depth understanding of complex financial instruments and reconciliation methodologies, with a strong focus on leading investigations, identifying systemic issues, and driving strategic solutions. The Specialist will not only resolve advanced cash and position breaks but also play a pivotal role in mentoring junior associates, enhancing operational controls, and collaborating across global teams to implement best practices and automation initiatives. The ideal candidate will possess advanced analytical capabilities, a proven track record in complex problem-solving, and the ability to influence and lead change within a dynamic investment environment.

Key Responsibilities:

Advanced Reconciliation & Exception Management:

• Lead the daily reconciliation workflow using Aladdin's advanced tools, focusing on complex and high-impact breaks.
• Conduct in-depth investigations into cash and position breaks, analyzing intricate scenarios and interdependencies to determine root causes.
• Design and implement effective solutions for recurring or complex reconciliation exceptions, minimizing future occurrences.
• Act as a primary point of contact for coordinating the resolution of escalated exceptions with internal departments and external custodians, ensuring timely and accurate closures.
• Strategically manage aged breaks, developing comprehensive action plans, and providing detailed reporting and insights to management.

Data Integrity & Quality Assurance:

• Oversee the monitoring and validation of critical data feeds, including SWIFT and custodian statements, ensuring completeness and accuracy for all portfolio accounting data.
• Proactively identify and lead the resolution of systemic data quality issues, collaborating closely with technology, data governance, and external vendors/service providers.
• Develop and implement enhanced procedures for statement repairs and data enrichment activities, ensuring data integrity at all stages.
• Act as a subject matter expert for data quality standards and best practices within the reconciliation function.

Portfolio Readiness & Upstream Process Optimization:

• Ensure all portfolios are consistently operationally ready for daily reconciliation processing, anticipating and mitigating potential issues.
• Conduct advanced validation of portfolio, position, transaction, and cash data, focusing on upstream impacts and potential discrepancies.
• Proactively identify and analyze systemic upstream data and process issues affecting reconciliation, leading cross-functional efforts to implement preventative measures.
• Forge strong partnerships with Custody, Fund Accounting, Data, and Technology teams to drive comprehensive solutions for critical operational challenges.

Operational Oversight, Mentorship & Process Improvement:

• Maintain robust operational controls and ensure strict adherence to service level agreements, conducting regular reviews and proposing enhancements.
• Provide expert guidance and support for operating model handoffs and complex escalations across global teams (e.g., Singapore, Budapest, and Denver).
• Develop and maintain comprehensive documentation for complex issues, resolution processes, and newly implemented procedures.
• Lead initiatives for process improvements and automation opportunities within reconciliation, leveraging technology and best practices to enhance efficiency and reduce risk.

Professional Experience:

• 4-7 years of progressive experience in investment operations, with a strong focus on reconciliation, data management, or a similar financial data analysis role.
• Demonstrated expertise in navigating and utilizing BlackRock Aladdin for reconciliation and data analysis; experience with other similar enterprise-level reconciliation platforms will also be considered.
• Proven track record of independently investigating, analyzing, and resolving complex cash and position breaks and systemic data discrepancies.
• Experience in leading small projects, initiatives, or mentoring junior team members.
• In-depth understanding of financial instruments (equities, fixed income, derivatives, FX) and their lifecycle.

Qualifications:

Bachelors - Commerce, Bachelors - Economics, Bachelors - Finance, Masters - Business Administration, Masters - Business Analytics

Certifications:

Certified Anti-Money Laundering Specialist (CAMS) - Professional School of Indian Banking (PSIB), Certified Compliance Officer (CCO) - Vskills, Certified Financial Analyst (CFA) - Skillab, Certified Risk Professional (CRP) - Udemy

Required Skills:

Banking Capital Markets, Commercial Loan Origination, Commercial Loan Servicing, Commercial Mortgage Lending, Leasing, Lending, Loan Origination, Real Estate Leases

Language:

English (Required), Language Proficiency - Elementary - A2

Why join Genpact?

• Lead AI-powered transformation – Drive innovation and solve real-world business challenges that matter
• Make an impact – Help global enterprises solve business challenges that matter
• Accelerate your career – Gain hands-on experience, mentorship, and world-class learning opportunities to stay ahead
• Work with the best – Join 140,000+ bold thinkers and problem-solvers who push boundaries every day
• Thrive in a values-driven culture – Our courage, curiosity, and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact does not charge fees to process job applications, and applicants are not required to pay to participate in our hiring process in any other way.