job description - Reconciliation Analyst (Transaction Monitoring)
- The Reconciliation Analyst (Transaction Monitoring) will play a crucial role in ensuring the accuracy of our financial records.
- Your role is to contribute to the financial integrity of our organization by conducting thorough and proactive transaction analyses and ensuring the accuracy of our financial records.
- Your responsibilities include monitoring financial activities, detecting potential irregularities, reconciling financial data, and ensuring compliance with regulatory standards.
- Join us in safeguarding the financial well-being of our company through vigilant transaction monitoring, strategic financial analysis, and meticulous reconciliation efforts.
Responsibilities
- Conduct real-time monitoring of financial transactions to identify and investigate irregularities or suspicious financial activities.
- Identify patterns or trends in financial transactions that may indicate fraudulent or high-risk activities.
- Implement and adhere to robust procedures for reconciling financial data to ensure accuracy and compliance.
- Collaborate with internal teams to validate and rectify discrepancies in financial records.
- Utilize advanced reconciliation tools and technologies to streamline and enhance the accuracy of financial reconciliation processes.
- Stay updated on regulatory standards and industry best practices related to transaction monitoring and financial reconciliation.
- Generate detailed reports on transaction monitoring findings, reconciliation outcomes providing insights and recommendation for finance, audit & management review.
- Implement preventive measures to address potential discrepancies proactively and improve financial accuracy.
- Maintain comprehensive documentation of transaction monitoring activities for audit and reporting purposes.
- Collaborate with other departments, such as audit & internal control and engineering to address identified issues and implement solutions.
- Continuously assess and improve transaction monitoring and reconciliation processes to enhance efficiency and effectiveness.
Requirements
- Bachelor's Degree in Finance, Accounting, or a related field; Advanced Degree is a plus.
- 3+ years of proven experience as a financial reconciliation & transaction monitoring role in a financial institution/ FinTech.
- In-depth knowledge of financial reconciliation processes and transaction monitoring best practices.
- Proficiency in using Microsoft Excel, Google Suite.
- Proficiency in using Financial software and reconciliation tools is an added advantage.
- Strong analytical skills and attention to detail for identifying and resolving discrepancies.
- Familiarity with regulatory standards and compliance requirements in the financial industry.
- Effective communication skills for collaborating with cross-functional teams and documenting findings.
- Problem-solving abilities to identify, investigate and resolve complex reconciliation and discrepancies in financial transactions issues.
- Organizational skills to maintain accurate financial records and documentation.
- Continuous learning mindset to stay updated on financial regulations and best practices.
- Ethical conduct and integrity when handling sensitive financial data.
- Prior experience in financial audits is advantageous.
Benefits
- Professional development opportunities.
- A collaborative and inclusive work culture that fosters growth and innovation.
- Opportunity to work with cutting-edge products and technologies.
- Supportive and approachable management team dedicated to your success.
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About the company
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We are a financial technology firm that has developed an innovative solution that allows businesses and individuals to buy anything and pay for it in installments.