Table of Content

New Job Reconciliation Analyst In Haryana

Reconciliation Analyst
Reconciliation Analyst

Reconciliation Analyst

Company : Indeed
Salary : Details not provided
Location : Haryana

Full Description

Reconciliation Analyst, Institutional Portfolio Operations
Connor, Clark & Lunn Financial Group
Gurugram, India
The Institutional Portfolio Operations (IPO) team is a group of tightknit, energetic, and social individuals, who together have a direct impact on the investment success of individuals, pension funds, foundations and endowments, First Nations and other institutional clients.
The reconciliation position is a critical part of our firm and clients’ success and is a challenging and rewarding role for the right individual. In this role you will experience the inter-workings of the asset management world and will have the opportunity to advance your skills for future growth and development within Connor, Clark & Lunn (CC&L).
What You’ll Be Doing
The reconciliation teams serve as the key provider of accurate investment portfolio data to the entire CC&L family. In this role, you will:
  • Communicate with custodians, portfolio managers, and key personnel across CC&L to investigate and resolve reconciliation discrepancies. You will reconcile daily, weekly, monthly, and quarterly holdings and security positions, and various derivative products.
  • Knowledge on investigation of the various reconciliation breaks due to shareholder activities, income discrepancies, corporate action breaks, fail trades or derivative breaks.
  • Knowledge of various research platforms like Bloomberg or Reuters, etc.
  • Experience of navigating custodian websites for extracting cash and holdings reports.
  • Complete month-end reconciliation of accounts to ensure that all client accounts that are out of balance or require investigation can be reviewed and resolved accordingly and in a timely manner.
  • Analyzes issues and determines next steps; escalates as required.
  • Completes complex & diverse tasks within given rules/limits.
  • Participates in continuous improvement of business processes and procedures within the scope of the team. With focus on automation, efficiency, and the scalability of IPO’s services.
  • Participates in testing and implementation of projects and new/revised products/services or processes.
  • Communicate critical portfolio information and oversee the flow of sensitive information for all CC&L affiliates.
  • Perform other tasks and ad-hoc projects as assigned to you from time to time.
  • Knowledge of Advent APX and SS&C RECON applications are beneficial, but not required.
  • Knowledge on the capital market, derivatives, securities, and corporate action.
About You
  • Education: You have a postgraduate degree in Finance, Business Administration or a related field.
  • Investment Knowledge: you have a genuine interest for the investment industry with prior experience in an institutional investment firm, bank or trust company. A minimum of 4 years’ experience in investment operations and reconciliation is necessary.
  • Collaborative Communication: you can articulate yourself clearly through both verbal and written mediums and work well with others to resolve complex issues.
  • Inquisitive Mind: you have the ability to think rationally, and problem solve effectively. Demonstrated experience in process improvement initiatives, developing and automating processes is beneficial.
  • Critical Thinking: you have a proven ability to problem solve in situations with less than complete information. You demonstrate strong analytical skills, ability to analyze situations, diagnose problems, and develop proactive solutions. You are proficient with Microsoft Office (Excel) and computer literate.
  • Curiosity: you have a thirst for knowledge and lifelong learning. You have the ability to learn quickly and take responsibility for own learning and development.
  • Team Player: you are committed to contributing and supporting a team of like-minded individuals who are driven and have high standards. Everyone you have worked with has wonderful things to say about you.
  • Positive Attitude: you are a sharp, ambitious, and enthusiastic person who will seek to improve existing processes and help to implement creative solutions. You are a “go-getter”.
Operational excellence is important to you. You are not only talented by hard working. You bring a high pace of execution on projects but also take pride in crucial day‐to‐day operations. Relationships are important to you, and you understand building them improves the quality and throughput of results.
About Connor, Clark & Lunn Financial Group
Connor, Clark & Lunn Financial Group (CCLFG) is a $98 billion multi‐boutique asset management firm that provides investment management services to pension plans, foundations, other institutional investors, advisors and individuals through its affiliate partners. The firm’s main offices are in Toronto, Vancouver, Montreal, London, and Chicago where over 700 people work across the investments, distribution, and operations functions. Our investment expertise spans private and public markets and traditional and alternative assets.

CCLFG currently has 11 investment affiliates, including seven that focus on the management of global publicly traded investments (including equities, fixed income and absolute return products) and four affiliates that focus on the management of private markets asset classes (including real estate, infrastructure, private equity and private loans). Additionally, CCLFG has two specialized Canadian retail distribution businesses (targeting high net worth and retail investors), a business unit offering strategic advice to institutional investors and consultants in Canada, a business unit offering multi‐asset portfolios to institutional investors, and institutional sales teams located in Canada, the United States and London, England.

CCLFG’s expertise and that of each of its affiliate partners are combined through an innovative structure that allows for distinctly focused businesses and functional specialization. The operations of CCLFG and each of its affiliates are completely integrated, with CCLFG delivering all of the non‐investment management functions to each business affiliate. Centralized functions provided by CCLFG include business management, institutional sales, marketing, legal and compliance, investment operations and corporate administration.

The organizational strength allowed by this centralization of resources enables all affiliates to benefit from deep, high quality operational and distribution support. By bringing scale and expertise to the delivery of non‐investment management functions, the firm’s investment affiliate partners can focus on the activities they do best — providing advice and making investment decisions to create value for their clients.

CCLFG’s original business was founded in 1982 and it has operated in its current multi‐boutique structure since 2002. Canadian equities represented the largest part of our assets under management for many years. Over the past five years, we have experienced significant growth in global large capitalization and small capitalization, developed and emerging markets mandates. Before the end of 2021, our global equities under management will surpass Canadian equities and become our single largest asset class.

Growth in global equities has been enabled by a more significant sales effort to non‐Canadian clients. At present, six of the 13 institutional salespeople in the organization are focused on sales to US, UK, European, and Middle Eastern clients. About half of our new clients in 2020 are from outside of Canada. These non‐Canadian sales come in addition to what remains a very effective sales effort by Canadian based salespeople.

The number of our people based outside of Canada continues to grow as well. In 1994, all of the people who worked in our firm were based in Vancouver, with the exception of three who were Toronto based. Now over 40% work somewhere other than Vancouver, mostly in Toronto and Montreal within Canada (plus Regina, Calgary and Edmonton), but a growing number outside of Canada. There are two people in each of New York and Chicago and 26 (and likely growing) in London. We are in the process of moving to a larger premises in London to accommodate the growth in staff there.

The next step in the globalization of our business is the office in India. Expanding our capabilities into an Asian time zone will support the growth of our firm and enhance our capacity to service our increasingly global clients. Trading assets and onboarding and servicing clients in time zones that may be 10 hours ahead of Vancouver is especially challenging and are the driving force behind the decision to open an office in India. Having an office in India will allow us to close operational gaps across time zones when trading global securities from North America and Europe and provide appropriate coverage in relation to operational process requirements. In selecting India as our next growth point, we are able to access a vast talent pool in a region which has proven itself very successful in enabling business growth and excellence. As our business grows, we expect our presence in other parts in the world will grow as well and our office in India will be no exception.

The Indian office will be an extension of existing operational teams and a key focus will be to ensure our culture extends to our new office. The culture of the firm is centered on the notion that the attraction, motivation and retention of intellectual capital are the most important ingredients for long‐term business success. This translates into an emphasis on a high‐quality working environment, the opportunity for professional success through a competitive business model and the fair sharing of the rewards of success.

Our commitment to Corporate Social Responsibility (CSR) supports our culture. The firm is committed to building strong and vibrant communities by supporting causes that are important to our clients, employees, partners, and stakeholders. Our CSR initiatives focus on three areas: philanthropy, volunteering, and socially responsible business practices. Through the Connor, Clark & Lunn Foundation (CC&L Foundation), we support not‐for‐profit organizations that promote stronger communities, the environment, health, education, humanitarian causes, and the arts. Created in 1999, the CC&L Foundation is supported by and represents the interests of all CC&L Financial Group affiliated firms. In the spring of 2021, the CC&L Foundation donated $25,000 to the Red Cross to support India’s COVID‐19 relief efforts. As our plans to open an office in India progress, we felt it was an opportunity to make an impact in a country before establishing an office there.

Our commitment to CSR also includes decisions we make regarding the way that we run our business. We are committed to the health and wellness of the people who work here, environmental sustainability and a high-quality working environment that values diversity and inclusion. We strongly believe that the collective sum of the individual life experiences, knowledge, perspectives and unique capabilities of people who work here represents a significant part of our culture.

We believe that success in asset management is an outcome of attracting, retaining and motivating the most talented individuals in our industry.

We are delivering the following to achieve this goal:
  • A High‐Quality Environment: To work with people who we hold in high regard; to enjoy the time that we spend at work; to focus on productive activities without the distraction of politics and bureaucracy; to treat each other with respect.
  • An Opportunity to Succeed: To do work that has value, and which presents the opportunity for professional growth and development.
  • Recognition and Reward: To recognize each person's contribution and to align compensation with contribution.
As we look forward, we can see both challenges and opportunities for further growth that only reinforce our commitment to attracting, retaining and motivating the most talented people in our industry.
CC&L is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, religion, sexual orientation or expression, disability, or age.
To apply for this position, please submit your resume and cover letter as one PDF. Applicants that advance in the hiring process will need to write an aptitude test to demonstrate their capabilities.
We thank all applicants in advance for their interest, but only those candidates shortlisted for interviews will be contacted. No telephone calls or recruitment agencies will be accepted.