Fail Control Analyst

The purpose of this role is to identify and reconcile issues regarding position and balances in the firm’s client accounts.

Ensures operational effectiveness and the work is performed with clearly defined procedures and training to ensure reporting, fail confirmations, account issues and any problems that arise are dealt with in an organized and timely manner.

Performs data entry, processing, reconciling, and data maintenance tasks of a recurring nature.

Exceptions to processing are reviewed with the Team Lead or Manager to ensure overall compliance with accepted business practices and policies.

Elements of risk are managed through operational reviews, system checks, and adherence to procedures.

This role requires the employee to perform detailed analysis of client accounts and fail reporting

Understanding of COD/ COR Cash and Position Reconciliation Reporting and have the ability to process entries to balance accounts

For this role the employee must portray a strong knowledge of Impact (ICI), DTCC and Broadridge (ADP/ CAGE).

The employee must have a basic understanding of local market rules and regulations as well as the department and firms established policies, rules and regulations.

This role handles the creation and distribution of post-settlement reports as well as data entry and processing of these reports.

The employee responds to questions from other departments both in and outside of BCS, retail personnel, correspondent firms, and management staff.

Routes escalated questions to the appropriate resources following established policies.

Reduce risk and cost to the firm by suggesting process changes and modifications to internal procedures and daily workflow

Able to handle multiple priorities in a fast paced, pressured environment.

Good communication skills with ability to work effectively with a variety of personalities

Proficient computer skills in Windows-based software products such as Outlook, Work, Excel, PowerPoint and Access

Route escalated questions to the appropriate resources following established departmental policies

Interface and support various business lines to help manage fails and exposure to the firm and develop customer relations

Decisions or resolutions of problems are resolved by selection of appropriate courses of action within defined procedures

The responsibilities of the position have a critical impact on the continued success and growth of the organization

The impact of the actions is significant and may affect related or dependent activities in other departments

Responsibility to provide coverage for the team on other desks within the team, as well as train other team members to cover their daily tasks and work.

2+ years in a Capital Markets and/or reconciliation based role

Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP, etc.

Post-secondary education or equivalent

High degree of accuracy and attention to detail with strong analytical and problem-solving abilities.

Ability to work effectively and reliably under pressure in a fast-paced environment with minimal supervision.

Strong organizational and interpersonal skills with excellent verbal and written communication abilities.

Team player who can collaborate effectively across multiple functions and geographies.

Understanding of accounting principles and experience reconciling General Ledger accounts and Nostro accounts.

Other technical skills such as Python, VBA, SQL, or other automation tools.

Knowledge of ADP-Broadridge, Cage III, Stock Record

Strong knowledge of DTC SMARTRACKS Buy-In procedures (CNS & NON-CNS BUY-Ins)

Ability to meet strict NSCC/DTC deadlines

Familiar with Stock Loan & Stock Borrow procedures

Understanding of Balancing Reconciliations/ Position and Cash to make sure all accounts are properly balanced with the…