The bank for a changing world

We are looking for

Associate - Reconciliation

Apply REF: FA 000863

Position Purpose


This role is an entry-level position that requires little formal education with excellent communication skills. In this position, an associate performs the role of preparer and has to deliver the reconciliations done between bank/out of bank assets Vs ledger accounts and save necessary back-up for further assimilation to stakeholders. A associate will also contribute by bringing in the exuberance and fresh ideas to the table in this fast changing environment.




Direct Responsibilities

  • Acquire complete understanding of the reconciliation process & its related functions with various parties involved. For example: Custody, TA, Pricing, FDS, NAV, Corporate Actions, Transactions processing etc.
  • Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types.
  • Ensure all reconciliation breaks in cash, shares, securities and derivatives are identified, investigated, followed-up and commented (as per standard commentary format) for each NAV calculation.
  • Ensure reconciliations are completed for each NAV calculation.
  • Completeness of reconciliations includes:
      • Tracking transaction sign-off in e-mail box.
      • Tracking pricing sign-off in e-mail box. (specific for derivatives reconciliations).
      • Identification of breaks.
      • Saving relevant back-ups whenever there are breaks in funds.
      • Closing of reconciliations on reconciliation tool (pControl/Intellimatch).
      • Update time on tracker upon completion of processing of reconciliations (on time).
      • Digital checks to be performed when reconciliation performed manually.
  • Adhere to quality SLA of 99% & above while performing reconciliations.
  • Adhere to timeliness SLA of 95% & above while performing reconciliations.
  • There should be no comebacks from NAV teams on the reconciliations performed.
  • There should be no incidents logged on reconciliations performed.
  • Regular follow-up on aged breaks to be done diligently and should be highlighted to supervisor for further escalation in case break not cleared.

Contributing Responsibilities

  • Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.
  • Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios.
  • Monitor the respective group mail box and respond efficiently to the queries.
  • Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves.

Technical & Behavioral Competencies

  • Excellent verbal and written communication.
  • Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.
  • Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines
  • Proficient in Microsoft Office Applications and strong MS Excel skills required.
  • Should be self-motivated and energetic.

Specific Qualifications (if required)


Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets.

Skills Referential     

Behavioural Skills:
Communication skills - oral & written
Ability to collaborate / Teamwork
Attention to detail / rigor
Transversal Skills:
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop and adapt a process

Education Level:

Bachelor Degree or equivalent

Experience Level

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: BeginnerSchedule: Full-time