Job Description

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Job Opening: SME-OTC Reconciliation Specialist
Location: Pune
Experience: 4+ years
We are excited to present an outstanding opportunity for a SME - OTC (Over The Counter) Reconciliation Specialist with one of our esteemed clients in Bangalore. The ideal candidate will be responsible for ensuring the accurate management of daily reconciliations of brokerage trades and brokerage calculation, with hands-on experience in the process. They will also be accountable for exception management, timely escalation of discrepancies to appropriate stakeholders, and ownership through to resolution. Additionally, the candidate will be expected to have effective communication with the Recon team for a better understanding of their workflow and to make the reporting process more efficient.
Responsibilities:

• Ensure all SLA/KPI as agreed with the client are met with 100% accuracy and timeliness

• Manage broker relationships with timely responses to their queries and settling the outstanding brokerage within an agreeable period

• Prepare all reports accurately and submit them on time as per the agreed timelines with the client

• Track and escalate all exceptions as per the agreed timelines

• Review and save EOD checklists on a daily basis

• Identify areas of improvement, propose solutions, and ensure any change in the process is reported and documented

• Assist TL/Management in any adhoc requests and support during their absence

• Have regular interactions and review meetings with the client

Skills:

• Experience in OTC Brokerage Reconciliation process

• Strong knowledge of the OTC market, derivative products like (FX, Options, IRS, CCS, Repos, FXO, PMO{Precious metal options} PM {Precious metal}), and operating conventions

• Excellent MS Excel/Word skills

• Effective communication skills to manage broker/client

• Ability to work with a team and demonstrate positive influences among peers

• Proven ability to work effectively within strict deadlines

• Flexibility to work as per business requirements

Requirements
Requirements:

• Bachelor's degree in Finance, Accounting, Business Administration, or related field

• Proven experience in OTC reconciliation and brokerage processes

• Strong understanding of financial derivatives and OTC market operations

• Excellent communication and interpersonal skills

• Ability to work effectively in a fast-paced and dynamic environment

• Strong analytical and problem-solving skills

• Proficiency in MS Excel and other relevant software applications

Skills Required