Transfer Fee Reconciliation Analyst - UK

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