Junior Operations Specialist- Reconciliation & Analysis
The Operations Specialist within Reconciliation & Analysis reconciles the books and records of BBH & Co clients for all security positions and cash. This includes direct interaction for the purpose of reconciliation to both outside providers and internal groups including but not limited to brokers, advisors, agents, sub-custodians, custody, fund accounting, transfer agency and clients.
Area of Responsibility:
Researching Breaks:
- Utilizes BBH proprietary systems of all Operations divisions to identify nature of any discrepancies discovered.
- Provides detailed commentary and coding of break to facilitate break clearance which includes likely reason the break occurred, and responsible party for resolution.
Reconciling Positions:
- Ensures all automated data feeds are properly posted to the reconciliation platform.
- Obtains statement data through various websites, email and ftp for importation into the reconciliation platform.
- Validates auto-matching routines and manually reconciles items which did not pass systemic reconciliation matching criteria.
- Maintains account set-up for all new accounts.
Reporting & Escalation:
- Provides and understands the daily, weekly and monthly reports that are distributed to the internal and external clients.
- Communicates with the various internal clients on any items which are out of standard via phone, email and face to face periodic meetings to ensure all aged items are being worked on through resolution.
- Contributes to Management Reporting.
Client Service:
- Communicates professionally and constructively to effectively resolve any security exceptions in order to minimize risk and exposure.
- Contributes to and maintains a high level of teamwork across all units within R&A.
- Support the release of client custody information for their year end audit
