Transfer Fee Reconciliation Analyst - UK

M&T BankLondon, EnglandOn-siteFull-timeJunior, 1–2 yearsListed 1 hour ago

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About this role

Overview:

Ensures all transfer fee income and related transactions are accurately reconciled, processed and reported for Global Capital Markets (GCM) clients.  Manages a high volume of manual transactions, updating multiple systems, investigating and resolving outstanding items, and producing profit and loss reporting.

Primary Responsibilities:

- Reconcile and process a high volume of large transfer fee transactions for GCM clients daily; investigate and resolve reconciliation breaks and unmatched items.
- Process fee returns, adjustments and corrections as required; support profit and loss analysis by ensuring accurate capture of fee income and adjustments.
- Maintain accurate records across multiple internal systems.
- Monitor outstanding receivables and proactively chase unpaid amounts.
- Ensure all transactions are processed within defined service levels and control standards.
- Produce monthly reporting relating to transfer fee activity and profitability.
- Escalate issues, trends or risks that could impact revenue collection or operational performance; identify opportunities to improve existing processes and controls while working within a largely manual environment.
- Maintain strong audit trails and supporting documentation for all processing activities.
- Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.  Identify risk-related issues needing escalation to management.
- Promote an environment that supports a culture of belonging and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.

Scope of Responsibilities:

Supervisory/Managerial Responsibilities:

Not Applicable

Education and Experience Required:

- Combined minimum of 3 years’ higher education and/or work experience
- Detail-oriented
- Demonstrated organizational skills
- Demonstrated time management skills
- Demonstrated numerical
- Demonstrated analytical skills
- Prior experience with pertinent spreadsheet software

Education and Experience Preferred:

- Previous experience in a reconciliation, nostro, cash management, settlements, operations and/or financial control environment
- Ability to investigate and resolve discrepancies
- Prior experience working with multiple systems
- Understanding of fee processing, cash reconciliations and/or revenue reconciliation activities
- Experience producing operational and financial reporting

Physical Requirements:

# Location
London, United Kingdom