Description
Job Objective:
The primary objective of this role is to establish and maintain the accuracy, compliance, and efficiency of stock-related transactions and records, ultimately supporting the financial integrity and reputation of the firm.
Duties & Responsibilities
Perform daily, weekly, and monthly reconciliation of stock transactions to ensure accuracy and completeness.
Investigate and resolve discrepancies in stock records and transactions.
Maintain accurate and up-to-date records of stock transactions, holdings, and settlements.
Keep track of stock movements and adjustments.
Facilitate the clearing and settlement of stock trades in coordination with relevant parties.
Ensure timely and accurate processing of trade settlements.
Ensure compliance with regulatory requirements and internal policies related to stock reconciliation and settlement.
Stay informed about changes in regulations affecting stock transactions.
Communicate effectively with internal teams, external parties, and regulatory bodies regarding stock reconciliation issues.
Collaborate with various departments to resolve discrepancies and address operational challenges.
Generate and analyze reports related to stock reconciliation for management and regulatory purposes.
Provide regular updates on reconciliation status and identify trends or issues.
Identify and assess risks associated with stock transactions and reconciliation processes.
Develop and implement risk mitigation strategies.
Utilize stock trading and reconciliation platforms and software effectively.
Stay updated on advancements in technology that could enhance reconciliation processes.
Address client inquiries and concerns related to stock transactions and settlements.
Provide support to clients in understanding the status of their stock holdings.
Collaborate with other departments such as operations and compliance to ensure smooth stock reconciliation processes.
Work closely with external entities, such as clearinghouses and depositories.
Identify opportunities for process improvements in stock reconciliation procedures.
Implement best practices to enhance efficiency and accuracy.
Stay updated on industry best practices and impart knowledge to team members.
Maintain the confidentiality of sensitive information related to stock transactions and client holdings.
Assist in internal and external audits related to stock reconciliation processes.
Provide necessary documentation and information during audit processes.
Proactively address and resolve issues related to stock reconciliation to minimize disruptions.
Requirements
B.Sc in any relevant field from a reputable university (ICMR certification is an added advantage).
Excellent written and verbal communication skills.
Strong client relationship management and customer service skills.
Previous experience in the Capital Market
Proficiency in the use of Microsoft Office 365 products (strong Excel experience is essential)
At least 2-3 years of experience in stock reconciliation, managing and analyzing high volumes of data to recognize, understand and assist in solving problems.
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