Overview: (Core accountabilities; aims of position; specific responsibilities)
Middle office reconciliation analyst roles involve ensuring the accuracy and completeness of financial data within Bank of Africa UK Plc, particularly in the context of trading and investment operations. The analyst will reconcile various financial records, identify discrepancies, and work with other teams to resolve any issues. The successful candidate will support operational controls and reconciliation processes, ensuring accurate and timely validation of trades, cash, and position breaks across a range of asset classes. The role plays a key part in maintaining the integrity of internal systems and enhancing operational risk controls.
Responsibilities: (Day-to-day duties; job process; “typical day”)
* Weekly and monthly reconciliation of client funds, internal ledgers and external accounts.
* Ensuring the accuracy and completeness of financial data across trading and operational systems.
* Investigating and resolving reconciliation discrepancies, escalating issues as needed.
* Analysing data quality, developing procedures, and enhancing reconciliation tools and systems.
* Compiling and presenting reconciliation statistics and trade information.
* Maintaining financial integrity and regulatory compliance through accurate reconciliations.
* Support end-of-day processes, ensuring all trades are matched and confirmed with counterparties or clearing brokers.
* Liaise with Front Office, Back Office, Global Business & Development, Risk and Finance teams to ensure alignment and data consistency.
* Maintain clear audit trails and documentation of reconciliation processes and exceptions.
* Assist with month-end and regulatory reporting requirements as needed.
* Contribute to continuous improvement efforts by identifying inefficiencies and supporting automation initiatives.
* Comply with internal policies, controls and procedures related to reconciliation and operational risk management.
Qualification and Experience needed:
* Understanding of various asset classes (e.g., derivatives, fixed income, OTC products) and their lifecycles.
* Prior experience (2+ years) in a reconciliation, middle office, or operations role within a wholesale or investment banking environment.
* Ability to analyse large datasets, identify trends, and draw conclusions.
* Experience in investigating and resolving reconciliation breaks.
* Technical Skills: Proficiency in relevant systems (e.g., TLM/TLP, IntelliMatch) and potentially in tools like SQL or Python.
* Strong understanding of trade lifecycle, financial products (e.g., FX, fixed income, derivatives), and settlement flows.
* Familiarity with reconciliation tools and systems (e.g., Intellimatch, SmartStream, or similar platforms) is preferred.
* High attention to detail and strong problem-solving skills.
* Proficient in Microsoft Excel; experience with data analysis tools (e.g., VBA, SQL) is a plus.
* Strong interpersonal and communication skills, with the ability to work effectively across teams and departments.
* Knowledge of UK and international regulatory frameworks (e.g., EMIR, MiFID II) is advantageous.
Part-Time, 4 - half days in the office.