Senior Regulated Reconciliations Analyst

Senior Regulated Reconciliations Analyst, Edinburgh, Hybrid

Summary of the role

A FCA regulated life & pensions service provider are seeking a dedicated professional to join the company, as a Senior Regulated Reconciliation Analyst. They are looking for someone who will key all incoming monies correctly into BaNCS or RUFUS, properly record all cheques received on the core system (BaNCS or RUFUS), process all outgoing manual payments, and validate and approve all automated payments.

What you'll be doing

• Key all incoming monies correctly into BaNCS or RUFUS within agreed SLAs and minimising any regulatory breaches.
• Support more junior members of the Team with this activity providing guidance and training where required.
• Properly record all cheques received on the core system (BaNCS or RUFUS), update the safe log and ensure cheques are properly safeguarded until they reach the appropriate bank in accordance with CASS 7.
• Process all outgoing manual payments (CHAPS &Foreign Transfers) to our longstanding customers with accuracy ensuring appropriate sign-off has been obtained. Ensure full compliance with the CASS regulations.
• Validate and approve that all automated payments are approved with the correct dates and that the underlying information matches system reports by ensuring correct dates are keyed for direct debit collections and outgoing BACS payments.
• Oversee the dividend distribution reconciliations and any associated payments, receipts and shortfall funding ensuring full compliance with CASS 7.
• Oversee the preparation of the daily intraday and end of day bank reconciliations to demonstrate an effective level of control, within agreed SLAs and in line with the company's Minimum Standards.
• Identify, investigate and resolve any failed and rejected payments, bounced and out of date cheques, stopped and reissued cheques, as well as perform payment-tracing activities.
• Investigate financial records to establish facts in order to resolve more complex, non-routine queries and tasks within the required timescales.
• Provide payment or receipt-related reports and information to customers within agreed timescales.
• Prepare or authorise manual journals where required.
• Oversee the preparation of the daily intraday and end of day funding transfers.
• Ensure all tasks and activities performed adhere to the Consumer Duty regulations.

What we're looking for

Qualifications

• 5 GCSE's Grade A* - C (9-4) with one of them being Maths
• IOC qualification related to mutual funds or studying towards the qualification.

Skills & Experiences

• 2+ years' experience of working within a finance role within Financial Services or a payments role within a non-Financial Services company.
• Reconciliation Experience
• Advanced in MS Excel and Word.
• A systematic, disciplined and analytical approach to problem solving, supported by strong interpersonal skills.
• Ability to apply different techniques to resolve issues.
• Use clear and effective verbal, written and presentation skills, demonstrating the ability to communicate at senior levels within the team and the wider teams.
• Ability to self-manage, work effectively under pressure and manage to tight deadlines.
• Strong attention to detail, good fact finding skills and ability to make evaluative judgements based on both quantitative and qualitative information.
• Knowledge of financial services (in particular Investments) processes and regulations.

Reasonable Adjustments:

Respect and equality are core values to us. We are proud of the diverse and inclusive community we have built, and we welcome applications from people of all backgrounds and perspectives. Our success is driven by our people, united by the spirit of partnership to deliver the best resourcing solutions for our clients.

If you need any help or adjustments during the recruitment process for any reason, please let us know when you apply or talk to the recruiters directly so we can support you.