Transaction Processing Exception Management


Company M&G
Reference 493055981
Sector Other
Town/City London
Locations UK, London
Job Type Freelance/Supply
Date Posted 9th Aug

Filled

Job Description


M&G Investments

We are not your average financial services firm and our unique culture is just one aspect that makes us stand out from the crowd. We offer a supportive environment that encourages innovation and creativity whilst maintaining a healthy lifestyle balance. You will be joining one of Europe's leading Investment Management firms where you can expect real responsibility and recognition from day one. We are large enough to offer a wide variety of career opportunities, whilst small enough to treat you as an individual and tailor training and development to your specific needs.

The Opportunity:

This is a new role to support the Team Leader of the Transaction Processing Team within the newly created Fund Accounting Administration (ABOR) Department. The team are responsible for managing the input and validation of all manual transactions into Quasar and FODB, across all instrument types including derivatives, private assets & leverage loans (including life cycle transactions), PPMA & PPMG trades, custody fees, bank interest & liquidity trades. The team are also responsible for the investigation of reconciliation breaks , resolution and providing exception management reporting. The role includes liaison with other members of ABOR, EY, M&G's custodians and the IBOR Team.

You will be responsible for the following tasks:

The individual will be responsible for the completion of the manual input of transactions into Quasar & FODB to maintain data for Accounting, Performance and Shareholder Disclosures. It also includes daily review of Cash Reconciliations to manage exceptions and key internal reconciliations to ensure the accuracy and integrity of our data.

The role will include:

??? Reconciliation of all Exchange Trades products between ION and the Clearing Brokers (5 in total). To investigate and resolve any trade, position or cash breaks across the daily exception reports and clearing any exceptions within agreed deadlines.
??? Resolution of cash & stock reconciliation exceptions.
??? Input of manual postings into internal systems, Quasar & FODB.
??? Cash Reconciliation investigation into breaks relating to trades, Collectives, Liquidity products, FX's & Derivatives. This will involve raising queries with custodian, EY & the IBOR Ops teams.
??? Ensure all exceptions are resolved within agreed KPI's.
??? Working collaboratively within our teams and peers and promote team value

Process:

??? The individual must ensure the reconciliations are completed in accordance with the teams controls, checklists and procedures including any SOX or audit requirements.
??? Understanding and oversight of day to day client requirements .
??? Support process enhancements, projects or 'change' delivery into the team.
??? Day to day processing role (as needed).
??? Ensure accuracy of day to day processes - maintaining checklists & procedures within agreed control framework.
??? Identify and communicate errors / issues as first escalation point within the team

What we are looking for:

You will have prior settlements and OTC experience, specifically dealing with reconciliation breaks. It is essential for you to have operational experience, as well as knowledge of different instruments, transactions and life cycle events. Prior experience of Quasar & FODB is also needed. You will have a high level of accuracy and attention to detail. The ability to work to strict deadlines is highly important, as is the ability to work under pressure from both internal and external clients. You must have an understanding of accounting client requirements. You will also have an open and effective communication style, alongside excellent planning and organisational skills.

M&G is committed to a diverse and inclusive workplace. Our role as an employer is very simple - to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.

We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.

 

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