Reconciliations Associate (Banking / Fintech)

Job title:

Reconciliations Associate (Banking / Fintech)

Company

Montpellier Resourcing

Job description

https://www.montpellier.uk.com/job-search/2115/job 2024-03-19 11:21:36 2024-04-15 Montpellier Resourcing Job Ref VAC-16888
Job Views 6DescriptionReconciliations Associate (Banking / Fintech)Up to £35,000 plus excellent bonus and benefitsDue to exciting business growth, a fantastic opportunity has arisen for a diligent and motivated Reconciliations Associate to join a leading Fintech Payments company in the heart of London. In this role, you will be responsible for conducting daily reconciliation processes related to customer funds held in safeguarding accounts, ensuring compliance with Financial Conduct Authority (FCA) regulations, and the company’s own Safeguarding policy. This is a fantastic opportunity to join a collaborative and supportive team, and be part of one of the most exciting Fintechs in the city! Please note, this role is 5 days in the officeDuties of the Reconciliations Associate to include:

• Conduct daily and monthly client fund reconciliations to segregate funds accurately, ensuring this is in accordance with FCA standards.
• Detect, address, and resolve reconciliation discrepancies.
• Establish and upkeep precise reconciliation procedures, including files and documentation.
• Enhance reconciliation process efficiency and accuracy through development and implementation of improvements.
• Coordinate with finance and payment teams to ensure timely reconciliation and accurate discrepancy documentation.
• Lead annual safeguarding and financial audit, with a significant emphasis on reconciliation and safeguarding procedures.
• Stay informed about FCA regulations concerning customer fund safeguarding and segregation, implementing necessary updates.

Requirements for the successful Reconciliations Associate:

• Educated to University Bachelor’s degree (or equivalent) in finance, accounting or a related field.
• Strong understanding of FCA regulation and previous financial reconciliations experience gained within a banking or payment services environment is essential.
• Part-completion of either ACCA or CIMA is desirable
• Excellent analytical skills with a high level of accuracy and a proactive nature

This vacancy is being advertised by Montpellier Resourcing Associates Limited. The services advertised by Montpellier Resourcing Associates Limited are those of an Employment Agency.

Expected salary

£35000 per year

Location

London

Job date

Thu, 21 Mar 2024 07:40:11 GMT

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