Reconciliations/Client Money Administrator
A leading UK Investment House has an interesting and varied opening for a Reconciliations specialist with strong exposure to Client money
These are the qualities required by the candidate -
•Detailed knowledge of and familiarity with the FCA Client Money rules.
•Account management and reconciliation.
•Knowledge of private/merchant/investment banking
•Proficiency in Excel and Word.
Key responsibilities:
To ensure effective management and reconciliation of all bank and client money accounts, including resolving in a timely manner all outstanding debits/credits.
Produce daily reconciliations and formal monthly reconciliations using Excel spreadsheets (complying with the requirements of the FCA Client Money rules) on all bank and suspense accounts
Allocating unidentified items and ensuring that they are correctly processed by settlement operations
Monitor Client Money Pooled Accounts
Ensure compliance with the reconciliation requirements of the FCA Client Money rules; provide early warning of potential overdrafts
Report any client money problems, especially any overdrawn accounts
Undertake the daily monitoring of all accounts, ensuring that any outstanding item is promptly identified
FX and Deposit Confirmations
End of Day Verification Check
FX deal verification
Daily checking and authorising of foreign exchange transactions, advising the dealers of any input that requires correction.
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