Reconciliations Manager

Position Purpose

This role covers reconciliations in all operational areas across multiple StoneX Financial Group entities, including but not limited to, exchange traded derivatives, FX, OTC, securities and regulatory reporting. Ensuring all process are completed to the set service level agreements (SLA) agreed with those operational departments. The reconciliation manager will be responsible for day to day business as usual (BAU) tasks, team management and process improvement within the reconciliations team. 

Key Responsibilities

• BAU Oversight Insuring all tasks that are required are appropriately allocated within the team to achieve completing within SLA time scales. Manage capacity within the team and liaise with Global Head of Reconciliation & regional reconciliation team leads of capacity requirements.
• Management Support Provide management support and guidance to the reconciliations team in India. Provide them with the skills and knowledge to work independently on task/processes. As well as ensuring the team are motivated and equipped to complete all required work. Review/Appraise staff on an annual basis setting clear goals.
• MI Reporting Where required provide management information (MI) to regional managers, outsourcing managers and the Global Head of Reconciliations.
• Process Optimization: Continuously identify areas for process improvement, automation, and efficiency gains within the team. Implement innovative solutions, leveraging technology and industry trends, to enhance operational effectiveness and scalability.
• Reconciliation Build – At times Duco reconciliation building and updating will need to be undertaken.
• Stakeholder Collaboration: Collaborate with internal stakeholders, including regional team leads within reconciliation as well as management of outsourcing teams keeping lines of communication open to discuss up coming projects/work, issues and improvements.
• Industry Awareness: Stay informed about industry trends, regulatory changes, and technological advancements related to reconciliations and proactively implement relevant improvements or enhancements.

Qualifications

Knowledge and Experience

• Bachelor’s degree in finance, accounting or related field. Advanced Education or professional certifications are a plus.
• Extensive experience in reconciliation operations preferably within a financial services institution or capital markets environment.
• Proven track record of team management.
• Proven track record a project engagement and success.
• Knowledge of Duco reconciliation desirable.

Skills

• Excellent analytical and problem-solving skills, with the ability to asses complex situations and make sound decisions.
• Effective communication and interpersonal skills, with the ability to build relationships and collaborate with stakeholders at different level.
• Ability to identify, nurture and elevate personnel within a team.
• Effective planning, organization and time management skills.