CA CIB Hong Kong


Nostro & custodian reconciliations officer

05 November Hong Kong, HONG KONG Perm

Nostro Reconciliations officer is responsible for:
Performing complete daily reconciliations of cash accounts in accordance with pre-defined deadlines.
Investigating and allocating all opened items to relevant department in charge of its regularization
Chasing and escalating of open items are done accurately and in timely manner.
Posting of entries (charges, small differences, book to book…)
Distributing and/or repairing swift messages to relevant department in timely manner.
Ensuring the production of reporting.
Key Responsibilities:
To reconcile Nostro entries posted to the banks various currency accounts, on a multi entity basis, ensuring that prioritization is given to high cost / risk currencies
To perform preliminary investigations in order to accomplish manual matches wherever possible
To issue Nostro breaks (outstanding statement and ledger debit and credits) to the relevant operational support teams and perform deep investigations if need be.
To chase aged breaks regularly and in accordance with procedures
To liaise competently and professionally with contacts, both internally and externally (if applicable) ensuring that strong relationships are forged and maintained in key areas
To post entries within its perimeter
To distribute and repair swift messages to relevant department and within agreed timeframe
To produce reporting
To continually evaluate the reconciliation process ensuring that optimum matching rates are attained and that any negative trends are identified and addressed
To assist with specifying business requirements in order to enhance the reconciliation process
To ensure that all processes are performed in accordance with documented procedures
To actively contribute towards mitigating operational risk whilst performing daily responsibilities

Prior successful experience in Back-Office (payments, Nostro account management, etc.) or accounting will be a plus.
Experience on reconciliation process will be an advantage (ledgers vs bank statements).

Knowledge of Accounting