Trainee/Fresher - Bank Loans Reconciliation (Bangalore Location)

Position:

The team is responsible for implementing reconciliation and resolution services to one of our new clients. Post the implementation, the team would be responsible for daily/Monthly/Quarterly deliverables committed to the client. The team would be involved in communicating with the street entities, fetching the correct files for performing reconciliations and resolution of breaks. The team would also be involved in automation of street file fetching, setting up of reconciliation in the recon tool and automation of file loading and reconciliation. As the client is a multibillion-dollar investment company and has diversified investments across financial products, the team should have knowledge of OTC and listed products and good client facing skills.

Role & responsibilities

Bank Loans

• Geneva Roll over & Prepayment (Create Contract and Deal Rollover)
• Searching Agent Notice
• Verify Funding Memos

Recon and Resolution - All Asset Class

• Good knowledge of Capital Markets, hedge Funds and Private Equity.
• Strong understanding of trade, cash, position, P&L covering both Listed and OTC instruments
  like forex, equity, Fixed Income, Futures and options, derivatives, MBS/RMBS/ABS, Repo,
  Privates, Swaps, Bank Debts, Loan Syndication
• Ensure / perform daily, monthly, cash, P&L and trade recon.
• Involved in resolution of breaks liaison with fund, counterparties, & Prime Brokers.
• Ensure error free and timely daily support/ deliverables.
• Good knowledge on Bloomberg, Corporate Actions,
• Liaison with internal and external customers for information. With good Client facing skills.
• Booking of wires and cash movements.
• Knowledge on Geneva, WSO, ClearPar &Monitoring Settlements in ClearPar

Allocation of trades in ClearPar

• Extracting the notice and Funding Memo Fund wise from ClearPar
• Chase the CPs and Agent and answer to queries for settlements
• Verify and amend of trade in Geneva based on final Funding memos

Preferred candidate profile

• Any Graduate / Post Graduate in Commerce / Finance domain
• Experience in working across country lines and operating in a global, multinational organization
• Excellent verbal and written communication in English
• Strong problem-solving skills