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Our client is a global trading firm looking to hire a Reconciliation Manager to lead and build out their reconciliation function in GIFT City.
This is a newly established function within the firm's growing back office, covering daily reconciliation of trades, positions and cash across global markets and asset classes. The role would suit a hands-on operations leader who wants ownership of an end to end process, works comfortably in a flat and fast moving environment, and is interested in shaping how a reconciliation team is run rather than maintaining business as usual.
Responsibilities for the Reconciliation Manager:
Own the daily reconciliation of trades, positions and cash against prime brokers, custodians, clearing members, clearing corporations and fund administrators.
Lead, mentor and develop a team of reconciliation associates, allocating workload across coverage windows and acting as the escalation point for complex breaks.
Oversee investigation and timely resolution of breaks, working with internal teams and external counterparties globally to identify root causes.
Onboard new reconciliations and counterparties as the firm's activity and control environment expands.
Identify patterns in recurring breaks and feed improvements back into upstream processes.
Own management reporting on match rates, break aging, root cause trends and team performance metrics.
Document and formalise procedures to support consistency, scalability and knowledge continuity.
Partner with technology to evaluate, design and implement automation and process improvements.
Work closely with the global team, including senior stakeholders based overseas, across APAC and EMEA coverage.
Requirements for the Reconciliation Manager:
At least 15 years of experience in reconciliation, settlements or a related operations function, with direct people management experience.
Strong working knowledge of trade, position and cash reconciliation and the full trade lifecycle, with exposure to global market conventions.
Familiarity across multiple asset classes including equities, equity swaps, FX, futures, options and fixed income products.
Hands on experience reconciling against prime brokers, custodians, clearing members and corporations, and fund administrators.
Proven ability to build and develop an operations team and deliver against tight deadlines across time zones.
Comfort working with large and complex data sets and drawing practical conclusions from them.
Interest in technology and automation, and a willingness to drive improvements personally rather than only through others.
Strategic mindset with the ability to assess processes, challenge the status quo and think beyond standard operating procedures.
Excellent written and verbal communication skills in English, with the ability to engage stakeholders globally.
A controls oriented mindset with strong documentation and organisational skills.
Based in or willing to relocate to GIFT City, India.
Selby Jennings is a Trading Style of Phaidon International (License number 16S8194)
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