BDO account manager — Financial Control Administrator / Account Manager – 6 Month FTC recruitment
Purpose of Position
The position is for a Financial Control administrator to assist with the daily reconciliations of the client trial balance supporting the Broker Dealer Outsource (BDO) solution. This will include producing reconciliations, reporting breaks on cash and stock nostros, open debtors and creditors, regulatory balances, PL, and general technical control accounts.
Purpose of Department
The BDO operations team is part of the UK business line. It exists to provide support to BDO clients serviced by Securities Services operations globally and act as the single point of contact for these clients.
This support includes:
- Account Management
- Trade Capture
- Reporting
- Monitoring and prioritisation of settlement issues
- Query resolution
- Liaison with all other Securities Services teams and locations
- Service review and SLA maintenance
- UAT and client implementation
- Assistance with change management
- Client support for settlement related tasks particularly complex, less BAU tasks e.g. IPO's, buy-in management etc
- Financial Control
- Data management
Key Responsibilities
Overall responsibility is maintain service quality, specifically:
- Capture, ownership and resolution of client issues, including:
- Cash Reconciliations against Bank Nostros;
- Regular face to face Client meeting
- Stock Reconciliations against Depots;
- Reconciliation of BDO balances to custody network including open debtors / creditors;
- Reconciliation of regulatory balances e.g. SDRT, PTM Levy Reconciliation to client PL accounts as appropriate;
- Reconciliation of technical control accounts;
- Liaise with Securities Services account managers and broker dealer clients to resolve accounting issues.
- Work closely with the other BDO operations teams in London and Lisbon to provide a high quality service to clients.
Liaises with
Internal:
- London account managers and Lisbon support team
- Relationship Management team
- Controls teams
- Data Management Team
External:
- Client
Education
Required:
- Minimum 'A' level qualification, or equivalent
- Competent user of MS Office, specifically advanced Excel
Desirable:
- Degree qualification
- IAQ
Technical Experience
Required:
- Operational experience in a high volume brokerage or custodian environment of a major institution in a client facing role.
Desirable:
- Securities Services systems knowledge (Xylos, Intellimatch)
- Specific knowledge of Broker Dealer industry beneficial