Securities Reconciliation Administrator

Clearstream as premier provider of settlement & custody services needs to ensure continuous monitoring of service delivery processes and processing performance, establish and maintain strong operational controls and co-ordinate business contingency measures to comply with laws, regulations, policies and procedures.The Securities Reconciliation unit covers the security reconciliation process for Investment Funds with primary focus on Alternative Funds. The unit based in Cork has a functional and line reporting to Reconciliations and Incident Management Cork section. #Clearstream

Your Responsibilities

The Administrator will work on the Securities Reconciliation process within the Securities Reconciliation unit and be responsible for the following tasks:

• Identifying funds on statements received from the market that fall out of automated process.
• Input statement information to initiate reconciliation process for non-automated items.
• Review of non-automatically reconciled items identified by the reconciliation processing. 
• Ensure regulatory compliance (e.g.CSDR) in the securities reconciliation process (i.e. ensuring daily reconciliation, investigation and allocation of reconciliations breaks, ensuring the integrity of the issue by identifying undue deletion or creation of securities in the reconciliation breaks.)
• Investigation of open items and allocation of open item for resolution by operations or external transfer agents 
• Follow up on open items with operations in order to understand root cause of a reconciliation break and actions to be taken for resolution.
• Be risk aware and take all steps necessary to minimise errors including fully complying with existing procedures and staying aware of procedure changes.
• Escalate and advise any relevant issues to Management as necessary.
• Provide a pro-active contribution to ensure individual and team targets and objectives are being achieved within required deadlines.
• Have a continuous improvement mind set to seek out and implement new and better ways of achieving objectives, preventing errors or delays reoccurring, and automating and streamlining processes within the team. Be forward looking and solution minded.
• Assist in project work where required.

    
Your Profile

• Degree in Business Studies, Financial Services or other related qualification. 
• Ideally, the candidate will have relevant experience in investment funds and well-developed understanding of business context and processes.
• Knowledge of CGSS/ Creation systems as well understanding of Clearstream’s ICSD and CSD business an advantage.
• Strong analytical skills and ability to solve complex problems autonomously, Excellent accuracy and attention to detail.
• Critical mind set and good organisational skills, ability to adapt to change.
• Excellent communication skills and ability/willingness to build network. 
• Strong team player in an international environment.
• Fluency in English (verbal and written), any other language is an advantage.