Analyst - DCL Recon

 Bangalore, India       Permanent contract        Banking Operations


Generic (Overall on Reconciliations)

  • Production
    • Ensuring timely receipt of both Exchange Files and GMI files into the BrokRecs Database
    • Understanding of the detail delivered within the relevant Exchange Files and how these are absorbed into the Reconciliation Processes.
    • Understanding the Products traded on each Exchange in order to articulate breaks to the correct stakeholders for resolution.
    • RCA and resolution of underlying manual or failed processes within the Reconciliations
    • Understanding the structure of departments for your Stakeholders and the team leads / SME's responsible within those teams for break management resolution.
    • Understanding the criticality of completing one reconciliation before reconciling other due to Exchange deadlines and internal stakeholder deadlines.
    • Being the first point of contact / escalation for the above functions and monitoring to ensure they are comprehensively and professionally performed.
    • Ensuring accurate completion of reconciliations and proving out reasons for differences rather than accepting solutions therefore ensuring reconciliation is accurate.
    • Providing help and coaching to other team members to raise knowledge levels, ensure consistency, accuracy and keep Newedge exposure to an absolute minimum. Issues identified should be escalated as per procedure.
    • Ensuring checklist is completed by each team member in a timely fashion.
    • Trade discrepancies have to be followed up in a timely manner, and the continual monitoring of longevity of breaks with a view to escalation where necessary.
    • Understanding of impacts on clients and downstream departments, minimizing impact of resolution failures on these groups.
    • Relay adjustments/exercise/assignment, to SME / Breaks Analyst in a timely manner so they may inform clients and customer services.
    • Work with the Regulatory Reporting team on Open interest reporting /position management.
    • Understand risks with the incorrect reconciliation and reiterate on this with the team at least once in 2 months
    • Perform Monthly one on one’s with the team members and provide constructive feedback
    • Conduct weekly and monthly governance with the onshore counterparts, other internal partners and circulate minutes with the action and track it to closure
    • Ensure all the KPIs are tracked accurately and maintained
    • Ensure adequate coverage on the tasks to cover absenteeism / attrition and keep enforcing cross training
    • Perform GPS controls and provide adequate supporting
    • Create good relationship with internal partners and onshore counterparts
    • Support the operation, testing, and enhancement of all clearing and market specific applications.
    • Overall Ownership and accountability - Applicant will collaborate and escalate all issues - IT, Risk, Regulatory, HR and other general concerns
    • Continually “raising the bar” and challenges in the Clearing space.
    • Encourage team as well as attend various PDPs as per the requirements
    • Participate in various transversal initiatives like information security, Audit, BCP etc. as and when deputed and play the role as it demands, apart from ensuring the BAU in the normal course does not suffer.
    • Identify opportunities for automation and work with relevant teams to achieve increased efficiency
    • Create 100% backup to cover tasks during absenteeism of self.
    • Additional reasonable task as per delegation from management.
    • Report and escalate Client Incidents
    • Know your key clients
    • Client Centric
    • Ensure Nemo checklist is reviewed periodically and recommend changes as necessary
  • CI
    • Attend WB
    • Contribute to KRI/KPI
    • Challenge the status quo
    • Ensure all the CI documents are created and updated in a timely manner
  • Operational risk :
    • Responsibility of ensuring that you are fully aware of and adhere to internal policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational risk requirements (e.g. golden rules, security policies and regulatory requirements)
    • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position.
    • Responsibility for reading, understanding and complying with the company’s conduct, standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements / intranet updates.
    • Act with integrity and due skill, care and diligence in carrying out your duties. Your action should always be able to satisfy high standards of scrutiny.
    • Observe proper standards of market conduct. Responsibility to ensure that you take reasonable steps to be fully aware of, understand and fully comply with all regulatory requirements and from all regulatory bodies that are applicable to your business.
    • Understand OR in their area
    • Escalate errors and incidents
    • Perform permanent supervision controls /GPS
    • Complete the Task Tracker
    • Ensuring team updates the SOPs and get the sign-off from onshore management every 6 months
    • Create knowledge repository to capture all the new learning’s from the team before updating SOP

Specific for the role (80%), region (20%)

  • TL Responsibilities
    • Manage shared mailbox and track closure of queries and ensure team files the mails in the relevant folders
    • Manage team capacity to ensure BAU is delivered
    • Establish an environment that promotes respect for the individual employee and adhered to policies and guidelines of the company.
    • Manage the performance of your team ensuring staff have clear preset objectives and get regular feedback on their performance. Ensure performance appraisals are conducted in line with the firm’s policy and standards.
    • Provide leadership, direction, advice and guidance to the team, thus maintaining high levels of integrity, motivation and morale.
    • Maintain staff competence by ensuring that staff skills and knowledge gaps are met with appropriate training and development, so they are able to perform to their maximum capability and fulfil their potential.
    • Initiate actions to further improve your own and the team’s skills and performance.

For eg Region ASIA

  • Re-allocate tasks in order to meet the regulatory cut-offs. Escalate to the management in case of any challenges meeting these timelines.

Region : EMEA

  • Monitor daily progress and re-allocate tasks to minimize the number of recs not meeting client money timelines

Region : AMER

  • Ensure ICE Assignments are processed as per the agreed timelines
  • AMR Reconciliations are performed by the team as per the procedures and submitted within the timelines

Profile Required

Bachelor's/Master's degree
Basic about Listed Derivative products

Why Join Us

 “We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.

Business Insight

Societe Generale Global Solution Centre (SG GSC), a 100% owned subsidiary of European banking major Societe Generale (SG), Our role and purpose is to enable the strategic vision of Societe Generale Group. We are doing this by pioneering cutting edge innovation from Design Thinking to Smart Automation & Artificial Intelligence, and applying it to banking.

SG Global Solution Centre provides services in the areas of Application Development and Maintenance, Infrastructure Management, Business Process Management, and Knowledge Process Management, to Societe Generale's business lines around the world.

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000KDF
Business unit: SG Global Solution Centre
Starting date: 24/11/2020
Date of publication: 14/10/2020
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Analyst - DCL Recon

Permanent contract   |   Bangalore   |   Banking Operations