Job Description

About your team Global Platform Solutions (GPS) Delivery supports and maintains pension administration services for a wide range of clients. The nature of the service provided includes full support to pension scheme members at all stages of the administration life cycle through to specialist support to trustees and members for specific task delivery. Reconciliations Team is responsible for the receipt and payment of monies to from investors intermediaries and the reconciliation of cash and stock positions for Fidelitys European based funds and FundsNetwork fund supermarket business. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets & money are adhered to and best practice standards are maintained across all activities, particularly in the protection of customer assets and client monies About your role The Bank reconciliations department is a part of the Reconciliations and Product Management Capability within GPS (Global Platform Solution) Business. The team is responsible for daily reconciliations of client money & settlement bank accounts. They are also responsible for daily reconciliation of client money as well as various corporate ledgers. Reconciliation activities are performed on client money strategic system Autorek, GFAS and spreadsheet. A delay in the reconciliations may lead to regulatory incidents and may not reflect a true and fair view of the financial statements of the company. The team plays a key role in the delivery of month end and financial year ends from a reconciliations perspective. The team is also involved in liaising with multiple teams across various locations for resolution of reconciliation discrepancies About you Daily Reconciliations of all bank accounts and control ledgers, including Automated and Manual reconciliations. Identification and addressing potential shortfalls surpluses in client money accounts and ledgers to avoid Client money issues. Ensuring timely money movements across client and settlement bank accounts to address any shortfallssurpluses and thus avoiding client money incidents. To maintain and update ledgers, including recording of appropriate reasons for outstanding items over a set of period including ongoing investigations and clearance of ageing items. To create correcting journals cashbook keyings for reconciliation purposes. To investigate & follow up on outstanding items with other departments (Cashmatch, CBU, Controls & Settlements etc) as well as other departments in UK, Luxembourg, Germany, Hong Kong, etc. Produce reconciliation reports of outstanding items and their aging, also including action steps for resolution. To gain regulatory knowledge and ensure knowledge is regularly updated and maintained across the team. To work on various client money and corporate M.Is to maintain appropriate traction on ageing items. To gain subject matter expertise of all the operational teams impacting bank recs. To be involved in projects and testing related to any system change or release. To suggest and work on process improvement ideas and drive them in collaboration with other team members as a part of continuous improvement. To be flexible enough to work beyond the normal working hours as per the business requirements for cent percent achievement of the deliverables. Experience and Qualifications Required B.Com or an equivalent bachelors degree from a recognised university. Multi-departmental exposure will be an added advantage. Strong analytical skills with attention to detail. To be able to prioritise and organise effectively to ensure deadlines are met. Demonstrates a high level of commitment to improving customer service processes internally. Excellent communication skills. Sound knowledge of Microsoft Office 365 applications. A flexible approach with an ability to work with other departments in the organisation. Ability to remain highly motivated and focused towards the key measurements. Team player who is also self-motivated and can work independently. Adaptable to changing business needs a team player with a flexible approach and the ability to multi-task. Energetic & enthusiastic and a supportive and proactive team player. A strong understanding of the FCA Client Money regulations is preferred.