Reconciliation Analyst (Transaction Monitoring) at CredPal

Purpose Statement:

• 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

• Bachelors 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.