Reconciliations Officer
- Posted 08 May 2026
- Salary £55000 - £60000 per annum + Hybrid
- LocationWest London
- Job type Contract
- Discipline Banking Operations
- ReferencePB0805_1778260594
Job description
West End based International Bank seek a Reconciliations Officer with strong Nostro reconciliation experience gained in Banking or Financial Services, previous experience using the Intellimatch platform or similar Reconciliation matching tool e.g. Osfin, SmartStream TLM, Duco, and AutoRek is highly desirable
Contract: 3-6 Month FTC - must be immediately available or on short notice
Salary: £55,000 - £60,000
Location: London, West End
Industry Experience: Nostro Reconciliations from International Banking or Financial Services
JOB FUNCTION
The role is required for a period of 3-6 months as the work will be outsourced so alongside the BAU the successful candidate will have to complete the handover and train the offshore team.
KEY RESPONSIBILITIES
- Perform daily reconciliation of the Nostro and suspense accounts including single and multiple matching post auto-reconciliation process as well as reconciling Client Equities and London Stock reconciliations.
- Analyse outstanding items, ensuring that transactions are allocated within the required timescales for the branches and all branch delivery deadlines are met.
- Perform manual matching
- Actively pursue process improvements and constantly review and enhance working practices.
- Allocation of ownership and review internal and suspense account items including mid-month and month-end review.
- Develop and maintain excellent working relationships with internal and branch clients.
- Manage true Nostro outstanding items in Intellitracs cases.
- Conduct comprehensive cross training to provide cover at all times for reconciliation and control functions.
- Preparation of reporting including aged items, chaser and exception reports by branch.
- Monitoring and calculating all interest charges on accounts.
- Advise and manage external Nostro balances next day.
- Ensure positioning is reconciled to the external account and all material discrepancies actively pursued and managed.
- Ensure that the internal and external feeds (Ledger, balances plus MT940/50) are successfully uploaded overnight to enable a full and concise reconciliation of the Bank's Nostro's is performed.
ESSENTIAL EXPERIENCE REQUIRED
- Relevant Banking or FS industry experience, including competency in Intellimatch. - Preferred
- Nostro reconciliations experience is essential
- Knowledge of back office multi branch processing
- Able to write concise reports, business correspondence and procedure manuals
- Previous experience using Intellimatch or Osfin, SmartStream TLM, Duco, and AutoRek