About Business line/Function: Position Control & Reconciliations Team
Position Purpose:
Primary responsibilities of the team are:
To perform as an independent control team to strengthen all the control within Global Market Operations
To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.
The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.
Main drivers are client service quality, independent control, operational risk safety and cost efficiency
Responsibilities
Direct Responsibilities
Position guarantee –
Has the responsibility made sure positions are in line & guaranteed that positions in booking systems are correct.
Is the reference for position validation for P&L;, Process & IT teams for migration or rebooking & at any time for trade support,
front office, & back office
Team oversees position controls & uses all the reconciliations tools available.
The reconciliation is exhaustive & is done daily.
Assigned reports must be checked & analyzed every day.
Break Analysis – The Assistant Manager is responsible for
Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correction
Providing a complete, detailed & pertinent analysis to let the trade support immediately do the appropriate action/correction.
Contributing Responsibilities
Reconciliations Improvements – Assistant Manager
Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.
Making the reconciliation tools evolve to fulfill with production needs --> current systems, new products, and specific request from trade support.